AQUIRING A HOLDING IN KESKLINNA HOTELLI OÜ


On 5 July 2007 Olympic Entertainment Group AS concluded a contract for holding
acquiring of 97,5% in Kesklinna Hotelli OÜ.  Kesklinna Hotelli OÜ has been
established in 2007 and the enterprise lacks former business activity. 

The aim of the operation is to continue the new trend of casino hotels  and
casino resorts of OEG. 

The present operation is not to be treated as an acquiring of major holding in
the context of Tallinn Stock Exchange. The holding acquiring operation of
Kesklinna Hotelli OÜ is not connected with a person and the members of Olympic
Entertainment Group Management Board and Supervisory Board are not interested
in the operation in any other way. 


Additional information:

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