OEG acquired casino operator in Ukraine


Today in the afternoon, on 17 September, Ukrainian subsidiary of Olympic
Entertainment Group (OEG) has signed the final contract for the acquisition of
Ukraine's well-known casino operator Eldorado. The value of the transaction was
approximately EEK 144 mln (9.2 mln euros). 

The acquisition of Ukraine's well-known casino operator increased the market
share of OEG in Ukraine and enabled the company to enter the market of table
gaming. All five Eldorado casinos are located in popular and prestigious areas
in central Kyiv or in its close proximity. Three of them have gaming tables. 

Including the newly acquired five Eldorado casinos OEG now owns 18 gaming
locations in Ukraine. All current Olympic Casinos in Ukraine were slot casinos.
According to plan, all acquired Eldorado casinos will be rebranded as Olympic
Casinos. 

OEG entered the Ukraine gaming market in November 2004. After the acquisition
of Eldorado the company has more than 600 employees in Ukraine. 

Additional information:

Andri Avila
Member of the Management Board
Olympic Entertainment Group
Tel + 372 667 1250
E-mail: andri.avila@oc.eu
www.olympic-casino.com