Yearbook 2010

Page 1

– olympic entertainment group –

yearbook 2010



Vision To be a global casino and resort operator with a passion for service excellence.

Mission To give our guests a customer orientated, secure and safe environment with the finest design and craftsmanship, unparalleled in the industry and supported by the excellence of our name and reputation.


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Estonia

Reval Park Hotel&Casino, Estonia 4


estonian Gaming Segment

COMPETITIVE SITUATION • Total of 9 operators on the market

REGULATORY ENVIRONMENT AND TAXES

• 53% of market share to Olympic

• Stable – no major regulative changes expected in

• First position on the market

near future

OTHER

• Gaming tax based on the number of equipment

• Flagship casino opened in Tallinn 1997

• Expected decrease of competitors

• 17 casinos • 19 game tables • 698 slot machines

5


ARMIN KARU OEG • Chairman of the Supervisory Board

Ready, Steady. Go! Back in profit and going online were the two key terms that characterised the year 2010 for shareholders of Olympic Entertainment Group and for the team. fter a two-year struggle against a sharp decline in the gaming market caused by the global economic crisis, the Group managed to end the 2009/2010 financial year back into profit. What is important is not the profit figure – although every shareholder expects maximum return from their investment – but clear proof that we are on the right track. If you look at how our market share has grown in several countries it goes without saying that we have managed to be more successful than our competitors in adapting to a new situation and making the necessary changes. It is necessary to understand how this has been achieved and, what’s more important, what will be done next?

First casino opened in Poland

OL Y OL Y

OL Y

2007

2007

First casino opened in Romania

IC-CAS MP

2008

OL Y

OL Y

First casino opened in Belorus

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O IN

O IN

First casino opened in Latvia

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2006

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First casino opened in Slovakia

IC-CAS MP O IN

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2002

First casino opened in Ukraine

O IN

First casino opened in Lithuania

2004

O IN

O IN

OL Y

Reval Park Casino in Tallinn

IC-CAS MP

O IN

Re-opening of flagship

IC-CAS MP

2001

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Chairman of the Board Armin Karu

O IN

1997

Company founded by current

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-1993-

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O IN

OL Y

A

2010

Entering online casino gaming market


OEG’s first twelve years of operations were aimed at becoming a true professional in its field of business. When one looks back at its history of more than four years as a public listed company, three different phases stand out. The first phase was one of aggressive expansion where the main focus was on exporting its know-how to new markets as quickly as possible. This was followed by a phase of costcutting and restructuring aimed at overcoming a global economic crisis and emerging from it successfully. Finally, in 2010 we reached the third phase which, by its essence, may be labelled as a phase of a strong and efficient leadership marked by compounding various strengths. Thanks to this history we have an impeccable reputation, an extremely good know-how of our business area, an international reach and an efficient organization – all this to make sure that we continue to develop and expand boldly, but smartly.

LICENSE NO. 1 OEG stepped into the market of online gaming last year. It was a major change for the Group that had, until then, operated in seven countries because if signified the first step in becoming a truly global enterprise whose customers may be physically thousands of kilometres away. The opportunity to implement these well-prepared plans came when new legislation regulating online gaming entered into force in Estonia. Only a few days after the introduction of the new law, Olympic Casino Eesti AS, a member of OEG Group, was issued License No. 1. A few days later, in February 2010, OEG opened Olympic-Online.com, Estonia’s first licensed online casino and poker room.

Although both the online gaming market and competition have grown beyond recognition over the last decade, Olympic-Online.com succeeded in winning the loyalty of its players at home already during its first year of operations. We are convinced that the awareness and image of the Olympic Casino brand give us a good competitive position for offering online gaming in our current markets and in new future markets. It means that we have made the first specific steps in becoming a truly global service provider.

READY FOR A NEW EXPANSION OEG has maintained its focus on possible expansions into new markets in recent years since it is a strong belief of ours that, in order to be truly successful, one must not only know how to cut costs but also how to invest smartly and expand. Recent years have affected everyone in the gaming business. This is creating an opportunity for stronger operators and for companies that are able to adapt to these new conditions faster than others. This also gives OEG excellent opportunities for expansion – either by increasing its market share or taking over companies who have not been so adaptable. In addition to strengthening our leadership position on our current markets, today we are also ready for new challenges and in the next two years the Group has plans to expand also geographically. As any successful athlete who has trained long and hard before the new season, with an aim at being at the peak of their form when it really matters, so has Olympic Entertainment Group been laying a strong foundation and is ready for new achievements.

Ready. Steady. Go. OEG share price in 2010 € 1.80 € 1.60 € 1.40 € 1.20 € 1.00 € 0.80 € 0.60 € 0.40 € 0.20 € 0.00 1-JAN

1-FEB

1-MAR

1-APR

1-MAY

1-JUN

1-JUL

1-AUG

1-SEP

1-OCT

1-NOV

1-DEC

1-JAN

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Latvia

Olympic Voodoo Casino, Latvia 8


latvian Gaming Segment

COMPETITIVE SITUATION • Total of 16 operators on the market

REGULATORY ENVIRONMENT AND TAXES

• 20% of market share to Olympic

• Pressure to increase taxes

• Second position on the market

• Gaming tax based on the number of equipment

OTHER

• Expected decrease of competitors due to tax

• Flagship casino opened in Riga 2006

increase

• 11 casinos • 23 game tables • 653 slot machines

9


INDREK JÜRGENSON ceo • olympic enterteinment group

Making profit, today and tomorrow

In 2010, Olympic Entertainment Group proved that several of its tough decisions taken over recent years were justified: the company is back in the black, we have a strong position in both cash flows and capitalisation, we work even more efficiently and we continue to invest in the Group’s business development.

espite ending the two previous years with a loss, we maintained a clear vision of how to make OEG more efficient and profitable and how to emerge from the global economic crisis among the winners. Although in 2010 we closed only two casinos, 3% of the total, our operating costs fell by as much as EUR 21 million (16.1%). At the same time the market share of the Group’s subsidiaries in markets where we have a longer history increased notably, growing from 49% in 2009 to 53% in Estonia, from 13% to 20% in Latvia, and from 60% to 68% in Lithuania.

D

OEG posted some good results also from its newer markets too, with the biggest annual growth (26.5%) coming from Slovakia, a country where OEG opened its third Olympic Casino in the fourth quarter. The newest Olympic Casino is located in Eurovea Galleria, Bratislava’s most modern shopping centre, and cost EUR 0.4 million to open. Success in the competition situation of specific markets clearly proves that the efficiency reached by the Group is more than an internal measure of success and that our choices so far have been right for the business and supported by our customers who are looking for casino entertainment. The Group’s consolidated revenue was EUR 112.5 million in 2010, an increase of 3.4% from a year earlier. Group EBITDA amounted to EUR 21.5 million in 2010, having increased 447.8% in a year (2009: EUR 3.9 million). OEG ended the year with a profit of EUR 1.1 million (2009: a loss of EUR 21.3 million). Although we are still far from the profit figures that we had four or five years ago the trend is clearly upward and it fuels optimism.

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New challenges In recent years we have repeatedly emphasised that efficiency and cost-cutting alone is not enough and, in order to be successful, the organization must continue to invest in its development. In 2010, OEG was the first company in Estonia to be issued a license for operating remote gaming and in February it opened its first online casino and poker room at olympic-online.com. The operating income of this business was EUR 1.3 million in the first year. Although provision of services online is giving this business direction a global dimension, our key objective was to establish ourselves successfully on the Estonian market. Our next plans for Olympic-Online will focus on the markets where we are recognised thanks to our land-based casinos and where the Olympic Casino brand enjoys high public awareness and credibility.

Olympic Snapshot

2010

2009

7

7

Countries

66

68

25,802

25,745

Casinos Floor area (m2) Gaming tables

182

186

Slot machines

2,519

2,388

Employees

2,115

2,348

FINLAND NORWAY

ESTONIA

SWEDEN

RUSSIA LATVIA LITHUANIA

We will continue to monitor the development of the casino business in Europe and elsewhere in the world. In the next couple of years our objective will be to expand our geographical reach also to our main business area, i.e. the operation of land-based casinos. I am convinced that the lessons of the global economic crisis have made OEG and its whole team a lot smarter, more efficient and stronger and I believe that we are emerging from the crisis as a winner and that we are ready for new challenges.

BELARUS GERMANY

POLAND

CZECH

UKRAINE SLOVAKIA

AUSTRIA HUNGARY ROMANIA

Market Capitalisation: €225 million As of 31 December 2010

35% free float €113 million consolidated revenues • Olympic has achieved net profit • Efficiency of the Olympic operational activity has improved significantly Strong cash flow • €20.1 million cash from operating activities, up 202% versus 2009 • €16.3 million free cash flow, up 582% versus 2009 Free cash flow is cash flow from operations less capital expenditures

Olympic EBITDA and margin in millions

Olympic Net Profit (Loss) in millions 40

40

40,0%

20

30

30,0%

0

20

20,0%

-20

10

10,0%

-40

0,0%

0 2006

2007

2008

2009

2010

2006

2007

2008

2009

2010

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Lithuania

Olympic Casino in Reval Hotel Lietuva, Lithuania 12


Lithuanian Gaming Segment

COMPETITIVE SITUATION • Total of 4 operators on the market

REGULATORY ENVIRONMENT AND TAXES

• 68% of market share to Olympic

• Stable – no major regulative changes expected in

• First position on the market

near future • Gaming tax based on the number of equipment

OTHER • Flagship casino opened in Vilnius 2003 • 11 casinos • 52 game tables • 376 slot machines

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PRIIT PAJUMAA Olympic-Online CEO

Going global by

going online

In February 2010, OEG entered the global gaming market by launching Olympic-Online.com, Estonia’s first official online casino and poker room.

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he online casino, which supports six different languages, has obtained a nice rhythm in its first year of operations and has attracted tens of thousands of people from 60 countries. During its launch year, the Group earned EUR 1.3 million in operating income from organizing remote gaming. The online casino business has been of interest to OEG for years but, as a listed company, we did not consider it right to operate on an unregulated market. When, at the beginning of 2010, a new Gaming Act entered into force in Estonia, Olympic Casino Eesti AS obtained the country’s first licence to operate remote gaming. The Group was finally able to open an online casino and make the operations of OEG even more international than earlier. The online casino, which was opened in cooperation with Playtech, the world’s leading developer of casino software, offers more than 150 different casino games. For the first time ever, Estonian poker fans have an opportunity to play in the worlds’ largest poker network, iPoker, which is widely renowned for its broad range of games and for its limits which enable players to either play for free or for stakes starting from as little as one cent.


Playtech, our choice of partner, develops software for online casinos and full-service solutions for the world’s leading gaming operators. In this field Playtech is clearly setting a trend as a software developer and its iPoker is the world’s largest stand-alone poker network. It includes more than 120 poker rooms and over 30,000 simultaneous players.

Olympic-Online Team Pro Shortly after opening the online poker room we set up Olympic-Online Team Pro, a team of three poker professionals, and Olympic-Online Team Elite, a poker team of prominent people and other noteworthy poker enthusiasts. Players of both teams play online poker in Olympic-Online

Creating synergy One of our main competitive advantages is the opportunity to create synergy between online and land-based casinos and offer customers innovative loyalty programs together with additional campaigns and winning opportunities. During the first year of operations, we have regularly organized live poker tournaments with additional OlympicOnline prizes, online qualification tournaments for live events held in Olympic Casinos, entertainment events for online players and much more. In organizing remote gaming, the most important keyword is credibility. Thanks to our international recognition and the good image of Olympic Casino, this is where OEG clearly benefits from its strong competitive edge. The objective during the first year of operations of the online

and proudly wear its colours when competing in major live tournaments. Olympic-Online players achieved significant results in live poker tournaments in Europe already during the first year of operations.

casino was to establish a strong position on the home market, i.e. Estonia. The new focus is on other markets where Olympic Casino is a well-recognized and renowned brand in the casino entertainment business. Being the region’s largest casino and poker operators we have extensive opportunities for expansion and for developing synergy-based activities with the main focus on our current markets.

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Poland

Olympic Casino Sunrise, Poland 16


Polish Gaming Segment REGULATORY ENVIRONMENT, TAXES AND FUTURE TRENDS • Stable – no major regulative changes expected in near future • Gaming tax based on the gaming revenues • Highly regulated market with limited access • Closure of street machines and slot halls will in crease casinos revenues • The number of licences in the given city is restricted

and determined in accordance to the number of inhabitants • Closure of street machines and slot halls will in crease casinos revenues COMPETITIVE SITUATION • Total of 3 operators on the market • 20% of market share to Olympic OTHER • Flagship casino opened in Warsaw 2007 • 7 casinos • 45 game tables • 329 slot machines

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Olympic’s support to Olympics Supporting the Olympic movement has become a nice tradition for Olympic Casino in different countries. 2010 was no exception and Olympic Casino was glad to be of help to Polish and Estonian athletes in preparing for and in participating at the Vancouver Winter Olympics as one of the main sponsors.

Highlights of

2010

Continuing charity to children

In 2010, Olympic Casino Latvia continued its support for the Martina Fonds, a charity organization helping children in need. In addition, Olympic Casino installed charity bins to collect funds for Ronald McDonald House Charities which provides families stability and resources so they can keep their children healthy and happy. These problems may involve how to stay near and support a hospitalized child, how to afford staying together in another city while a child is undergoing treatment, or even getting basic medical and dental care in a vulnerable community.

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Partner of Tennis Classic 2010 Olympic Casino Slovakia was a partner of Tennis Classic 2010, a project that brought world-famous tennis players Anna Kurnikova and Thomas Muster to Bratislava for the exhibition tennis show. Olympic Casino was present with a mobile casino during a VIP party for 700 distinguished guests.

Charity concerts with 50 Estonian actors For the fourth consecutive year Olympic Casino Estonia has been the main supporter of a charity concert where close to 50 beloved Estonian actors sing in order to support Maarja Village, an organization which provides a nice, country-side home for disabled children. Apart from organizing different events and helping out with day-to-day activities around the village, Olympic Casino has supported Maarja Village with close to EUR 100 000.

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Hilton Boxing Gala in Poland Olympic Casino Poland was a proud partner of Hilton Boxing Gala – one of the most important boxing events of 2010 in Poland. In addition to lending a hand in organizing the event, Olympic Casino created a charity fundraiser for retired Polish Olympic boxing gold medalists and hosted a VIP party at the Olympic Casino Sunrise in Warsaw.

Highlights of

2010

Proving the quality Due to the strictness of the Polish market more than 260 official inspections were carried out in our Polish Olympic Casinos by various public institutions such as tax authorities, ministries, customs, work hygiene and safety inspectors etc. Olympic Casino once again met its reputation and proved the company’s high standards with all protocols being returned without any objections.

Celebrating Indian Festival of Light In cooperation with the Indian Embassy, Olympic Casino Sunrise in Warsaw celebrated the Indian Festival of light by organizing an astonishing event with more than 1500 guests at its casino. Among the guests were ambassadors from India, Saudi Arabia, Jordan, Estonia, Lithuania, Egypt and Mongolia, as well as high-ranking officials from several other embassies.

Third Olympic Casino in Slovakia In October 2010, OEG opened its third Casino in Slovakia with an investment of EUR 0.4 million. The newest Olympic Casino is located at the largest and newest shopping mall in the city center of Bratislava, Eurovea Galleria. The 500 square meter casino includes 38 modern slot machines, 8 gaming tables and a spacious bar area. OEG started its operations on the Slovakian market at the beginning of 2008 and nowadays employs more than 150 people in Slovakia.

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Slovakia

Olympic, Slovakia 20


Slovakian Gaming Segment

COMPETITIVE SITUATION • Total of 8 operators on the market

REGULATORY ENVIRONMENT AND TAXES

• 53% of market share to Olympic

• Stable – no major regulative changes expected

• First position on the market

in near future • Gaming tax based on the gaming revenues

OTHER • Flagship casino opened in Bratislava 2008 • 3 casinos • 30 game tables • 144 slot machines

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RISTO SUURPÕLD Olympic casino poiker manager

The region’s

poker pioneers

L For OEG, 2010 was a year of strong development in the field of poker, marked by the introduction of tournament poker in several new casinos, by the on-going organization of popular international poker tournaments and by being an equal partner in organizing some of the world’s top events.

ast year we founded a dozen new poker clubs and, by the end of the year, there were 23 larger or smaller poker clubs operating in six countries at the casinos of the OEG Group. This further strengthened our market leadership in the region’s poker industry. The regular schedule of Olympic Casino brought several new exciting innovations in the first year of close cooperation with our new, online poker room Olympic-Online.com. We started a live tournament series Olympic-Online.com Special and OOPS, short for Olympic-Online Poker Series. In addition, Estonia’s second-largest town Tartu began the tradition of a championship of cities and during the whole year we hosted the Estonian Team Poker Series that was held both in Olympic-Online poker room and in our land-based poker club. At the end of the year, Olympic Casino in Tallinn hosted the first get-together of Olympic-Online players. It was an entertaining poker party that was attended by more than 100 of the most active Olympic-Online players. In addition to these events, we continued our traditional international Olympic Casino poker festivals including the Olympic Summer Festival, Olympic Hold'em Series and Olympic Open Championship. In cooperation with Olympic-

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Online.com and iPoker network, a new tournament series, Baltic Winter Festival with events held in Estonia, Latvia and Lithuania will be ready to kick off already at the start of 2011. INTERNATIONAL PRESENCE The poker rooms of Olympic Casino have been known and internationally recognised for years, hosting every year thousands of poker players from all around the world and have been named as one of Europe’s most popular poker destinations a number of times. We have proven ourselves to be a prominent and experienced tournament operator. Last year this helped us attract a record number of poker festivals including the world’s largest poker tournament series, PokerStars European Poker Tour (EPT). The August event was held in Tallinn, the capital of Estonia, for the first time. More than 400 players participated in the EPT Tallinn main event and, all in all, about 700 to 800 visitors were hosted. In addition, in 2010 the Olympic Casino poker team helped organize several other prominent festivals in Tallinn including the Amateur Poker Association & Tour, Betfair Poker Live, the PokerStars Baltic Festival, FinnishSwedish and Estonian-Finnish country challenges, etc. Olympic Casino has been pioneering and developing poker and poker culture in all its markets for years. Looking at the major popularity of our new Olympic Poker Clubs it is clear that we have been able to meet well the growing interest of players towards both smaller entertaining poker tournaments and major high-level poker festivals.

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Belarus Gaming Segment REGULATORY ENVIRONMENT AND TAXES • Until 2009 September unregulated market • Frequent regulative changes by now and changes expected in near future • Gaming tax based on the number of equipment

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Olympic Casino Bora Bora, Romania

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Romania

COMPETITIVE SITUATION • Total of 8 operators on the market + large number of small operators • No reliable data for market shares OTHER • Flagship casino opened in Bucharest 2009 • 13 game tables • 79 slot machines


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Belarus Gaming Segment REGULATORY ENVIRONMENT AND TAXES • Relatively stable – no major regulative changes expected in near future in casino market • Gaming tax based on the number of equipment

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Olympic Casino Alexandrov Passazh, Belarus

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Belarus

COMPETITIVE SITUATION • Total of 3 operators on the casino market • 11% of market share to Olympic in Minsk OTHER • Only slot casinos • 5 casinos • 240 slot machines

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consolidated statement of financial position assets As at 31 December (In thousands of euros)

2009

2008

Cash and cash equivalents

18,283

14,820

Financial investments

3,080

4,945

Receivables and prepayments

5,078

6,349

Prepaid income tax

1,498

1,308

Inventories

899

1,890

Non-current assets held for sale

1,140

0

29,978

29,312

Deferred tax assets

1,367

1,077

Financial investments

3,924

1,018

Other long-term receivables

1,021

2,895

Investment property

1,512

2,897

46,896

83,921

28,810

32,497

Total non-current assets

83,530

124,305

TOTAL ASSETS

113,508

153,617

CURRENT ASSETS

Total current assets NON-CURRENT ASSETS

Property, plant and equipment Intangible assets


consolidated statement of financial position liabilities and equity As at 31 December (In thousands euros)

2009

2008

Borrowings

5,633

5,292

Customer prepayments

1,039

1,025

Trade payables

1,758

4,480

Other tax payables

185

593

Income tax payable

19

80

Other tax liabilities

3,112

5,570

Accrued expenses

3,501

4,722

Provisions

1,147

818

16,394

22,580

302

698

14,127

12,461

Total non-current liabilities

14,429

13,159

TOTAL LIABILITIES

30,823

35,739

96,507

96,507

14,525

14,525

2,413

2,413

Translation reserves

25

2,263

Accumulated losses

-34,861

-2,044

Total equity attributable to equity holders of the parent

78,609

113,664

4,076

4,214

Total equity

82,685

117,878

TOTAL LIABILITIES AND EQUITY

113,508

153,617

CURRENT LIABILITIES

Total current liabilities NON-CURRENT LIABILITIES Deferred tax liability Borrowings

EQUITY Share capital Share premium Statutory capital reserve

Minority interest


consolidated statement of comprehensive income In thousands of euros

2009

2008

100,940

148,362

7,148

8,494

720

867

108,808

157,723

Costs of materials, goods and services

-3,326

-3,494

Other operating expenses

-63,417

-80,835

Personnel expenses

-33,869

-48,903

Depreciation and amortisation

-19,811

-21,163

Impairment losses on property, plant and equipment

-1,001

-7,856

Changes in the fair value of investment property

-1,240

-833

Other expenses

-7,677

-2,025

Total expenses

-130,341

-165,109

Operating loss

-21,533

-7,386

Interest income

575

715

Interest expense

-1,246

-678

203

-4,588

-16

12

-484

-4,539

-22,017

-11,925

766

156

NET LOSS FROM CONTINUING OPERATIONS FOR THE PERIOD

-21,251

-11,769

NET LOSS FROM DISCONTINUED OPERATIONS FOR THE PERIOD

-11,679

-17,286

-32,930

-29,055

-2,238

2,349

-35,168

-26,706

Continuing operations REVENUE AND INCOME Income from gaming transactions Revenue Other income Total revenue and income EXPENSES

FINANCIAL INCOME AND EXPENSES

Foreign exchange loss Other financial income and expenses Total financial income and expenses Loss before tax Income tax expense

NET LOSS FOR THE PERIOD Total other comprehensive income (loss) TOTAL COMPREHENSIVE LOSS FOR THE PERIOD


AS PricewaterhouseCoopers P채rnu mnt. 15 10141 Tallinn Estonia Telephone +372 614 1800 Facsimile +372 614 1900 www.pwc.ee

REPORT OF THE AUDITORS To the shareholders of Olympic Entertainment Group AS The accompanying summarised financial statements consisting of consolidated statement of financial position and consolidated statement of comprehensive income have been derived from the consolidated financial statements of Olympic Entertainment Group AS for the year ended 31 December 2009. These summarised financial statements are the responsibility of the company's management. Our responsibility is to express an opinion on whether these summarised financial statements are consistent, in all material respects, with the consolidated financial statements from which they were derived. We have audited the consolidated financial statements of Olympic Entertainment Group AS for the year ended 31 December 2009, from which these summarised financial statements were derived, in accordance with International Standards on Auditing. In our report dated 7 April 2010 we expressed an unqualified opinion on the consolidated financial statements from which the summarised financial statements were derived.

In our opinion, the accompanying summarised financial statements are consistent, in all material respects, with the consolidated financial statements from which they were derived. For a better understanding of the Olympic Entertainment Group AS's financial position and the results of its operations for the period and of the scope of our audit, the summarised financial statements should be read in conjunction with the consolidated financial statements from which the summarised financial statements were derived and our audit report thereon.

Tiit Raimla

Stan Nahkor

AS PricewaterhouseCoopers

Authorised Auditor

7. April 2010




contacts OLYMPIC ENTERTAINMENT GROUP Pronksi 19, 10124 Tallinn, Estonia Ph: +372 667 1250 • Fax: +372 667 1270 • E-mail: info@oc.eu

Olympic Casino Estonia Pronksi 19, 10124 Tallinn, Estonia Ph: +372 667 1255 Fax: +372 667 1080 E-mail: estonia@oc.eu SIA Olympic Casino Latvia Kronvalda 3, Riga, LV-1010, Latvia Ph: +371 678 92975 Fax: +371 673 11143 E-mail: latvia@oc.eu UAB Olympic Casino Group Baltija Konstitucijos ave. 12, LT-09308, Vilnius, Lithuania Ph: +370 5 263 8638 Fax: +370 5 263 8639 E-mail: lithuania@oc.eu

Olympic Casino Poland Panska Street 73, 00-834 Warsaw “Panska Corner” Building Ph: +48 22 351 7250 Fax: +48 22 351 7259 E-mail: infopoland@oc.eu

SC Olympic Casino Bucharest SRL Hotel Pullman, 10 Montreal Square, World Trade Center, Bucharest, Romania Ph: +40 21 275 7777 Fax: +40 21 317 5161 E-mail: romania@oc.eu

FE “Olympic Casino Bel” Kulman street 11, office 14 6th floor, 220100 Minsk, Belarus Ph: +375 17 289 5527 Fax: +375 17 286 0366 E-mail: belarus@oc.eu

Olympic Casino Slovakia, s.r.o. Viedenská cesta 7 851 01 Bratislava, Slovakia Ph: +421 908 789 321 E-mail: slovakia@oc.eu

WWW.OLYMPIC-CASINO.COM


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