Good growth at online gambling operator

Olympic Entertainment Group, an operator of online and mobile casinos, has posted a healthy Q1-2015 report showcasing solid growth and covering the following highlights:

* Total revenue up y-o-y 12.4 percent to Euro 39.2 million;

* EBITDA up at Euro 8.8 million;

* Net profit of Euro 5.5 million (Q1-2014: Euro 4.9 million) thanks to strong Latvian and Italian business;

* Latvia the main source of revenue at Euro 12.1 million – up 16.1 percent compared to the same period last year;

* Italian sales revenues up 191.3 percent on Q1-2014 at Euro 2.3 million;

* Solid revenue growth across eastern and central Europe;

* Disappointing performance in Belarus, where sales revenues fell almost 40 percent to Euro 285,000.

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