OEG highlights regional growth as revenue climbs in Q3

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Olympic Entertainment Group (OEG) has paid tribute to it success in Estonia, Latvia and Lithuania after revenue climbed by 21.3% year-on-year in the third quarter.

Revenue in the three-month period amounted to €45.4 million ($50.2 million), up from €37.4 million in the corresponding quarter last year.

Latvia continues to lead the way as the gaming services company’s most important market, bringing in €15.6 million in revenue, 15.9% more than last year, while Estonia experienced the most growth as revenue increased 20.2% to €10.1 million.

OEG also reported growth in Lithuania, Slovakia and Italy, while an additional €3.6 million came from Malta after the company launched in the market earlier this year.

However, OEG did suffer a 9.5% drop in revenue in Poland, while the company’s decision to cease operations in Belarus meant a loss of revenue from that country.

The results place OEG’s revenue for the year-to-date at €131.5 million, up 16% on the same point last year.

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