The merger of OEG`s Latvian subsidiaries


In March 2008 Olympic Entertainment Group AS has made a decision on merger of
economic activities of Latvian subsidiaries, Faraons SIA and Ahti SIA. The
juridical merger was completed on August 12th, as a result of which Faraons SIA
was dissolved from Latvian enterprise register. 

Reorganisation of structure does not have any significant impact on Olympic
Entertainment Group AS concern economic activities. After the reorganisation of
the structure OEG operates two subsidiaries in Latvia - casinos are operated by
Olympic Casino Latvia SIA and casino bars by Ahti SIA. 


For further information, please contact:                                        

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