Latvia Remains Olympic’s Biggest Market

According to the consolidated unaudited report for Q2 and 6 months of 2018 published on the Group’s website, Latvia remains the major market for Olympic Entertainment with 53 Olympic casinos with 1,469 slot machines, 16 electronic roulette terminals, 24 gaming tables and 9 poker tournament tables operating. As at 30 June 2018 Latvian operations employed 923 people.

The Group’s consolidated total revenue before gaming taxes for 6 months of 2018 amounted to EUR 106.6 million, up 2.2% or EUR 2.3 million y o y. Total gaming revenue before gaming taxes accounted for 89.5% (95.5 m€) and other revenues for 10.5% (11.2 m€) of the Group’s consolidated total sales revenues for 6 months of 2018. A year before the revenue split was 90.4% (94.3 m€) and 9.6% (10.0 m€), respectively.

Olympic Entertainment’s consolidated EBITDA for 6 months of 2018 amounted to EUR 21.7 million, a growth of 3.7% from EUR 20.9 million a year before. The Group’s consolidated operating profit increased EUR 0.4 million (3.0%) to EUR 15.2 million. Consolidated net profit attributable to equity holders of the parent company for 6 months of 2018 totalled EUR 14.1 million compared to EUR 12.8 million a year ago.

At present, Olympic Entertainment runs 115 casinos in Estonia, Latvia, Lithuania, Slovakia, Italy and Malta which is 2 casinos less than in 2017.

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