Olympic Entertainment Group
OEG: Olympic Casino to expand and open its largest casino in Malta’s most attractive tourism region
DGAP-News: Olympic Entertainment Group 2015-01-19 / 06:00 --------------------------------------------------------------------- Olympic Entertainment Group (OEG) enters Maltese market and opens its largest casino on the Malta's top tourism region. The new casino will be established in cooperation with Maltese hotel and entertainment enterprise Eden Leisure Group and OEG will start to operate the casino under a management agreement. Olympic Entertainment Group (OEG) is beginning the provision of casino management services in Malta. For the Malta operations subsidiaries OEG Malta Holding Limited and OEG Malta Gaming Limited have been established in Malta. OEG owns directly or through subsidiaries 100% of the Maltese subsidiaries' shares. OEG Malta subsidiary has concluded an agreement for the provision of casino management services and related service to Maltese company Casino Malta Limited and associated companies. As part of the transaction OEG acquires through OEG Malta Holding Limited subsidiary 1 preferred share of Casino Malta Limited. The preferred share does not confer the right to vote. OEG will invest up to 7 million euros in the establishment of the new casino. The Group's largest casino with close to 2,700 sq metres will be opened in the second half of 2015 at the Malta InterContinental Hotel and will be called Casino Malta by Olympic Casino. The country's newest gaming venue will feature more than 250 slots, close to 30 casino and poker tables as well as sports betting and bar area. Madis Jääger CEO Olympic Entertainment Group AS Tel + 372 667 1250 E-mail madis.jaager@oc.eu http://www.olympic-casino.com News Source: NASDAQ OMX --------------------------------------------------------------------- 2015-01-19 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Olympic Entertainment Group Estonia ISIN: EE3100084021 End of News DGAP News-Service --------------------------------------------------------------------- 314267 2015-01-19
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