2013-03-05 10:53

Olympic Casino invests over half million euros in new casino in Vilnius

Lithuania’s Olympic Casino Group Baltija, which is part of Estonia’s Olympic Entertainment Group, the largest Baltic gaming operator, has invested 2 million litas (EUR 0.58m) in a new casino in Vilnius.
Kazino
Kazino / „Reuters“/„Scanpix“ nuotr.

The casino, located in a hotel near the railway station, was opened last Friday, the company said in a press release.

The new casino, which is the company’s fourth casino in the Lithuanian capital, also features a slot machine room and a bar.

Estonia’s Olympic Entertainment Group last year saw its revenues in Lithuania rise by 3.8 percent, to 20.029 million euros, from 19.277 million euros in 2011. The EBITDA increased by 10.6 percent, to 5.2 million euros.

The Estonian company estimates that Olympic Casino Group Baltija held 69 percent of Lithuania’s gambling market in the final quarter of 2012 with 10 casinos, 54 gaming tables, and 358 slot machines.

Olympic Entertainment Group is quoted on the NASDAQ OMX Vilnius Tallinn Stock Exchange.

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