Estonia-based Olympic Entertainment Group, the only publicly traded casino operator in eastern Europe, reported a profit in the second quarter, helped mainly by improving revenue in Latvia and Estonia.
Net income was €4.2m ($6m) after a loss of €760,000 a year earlier and revenue rose 16 per cent to €30.7m. Sales rose 23 per cent in Latvia and 10 per cent in Estonia. The two countries make up about half of the group’s gaming income. Sales in Slovakia, which contributes 11 per cent, jumped 49 per cent.
