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OEG strengthens Lithuania presence with acquisition of local operator

4th November 2015 9:49 am GMT

Eastern European land-based gaming operator Olympic Entertainment Group (OEG) has moved to bolster its Lithuanian operations through the acquisition of local sports betting business UAB Orakulas.

OEG will acquire 100 per cent of UAB Orakulas’ share capital for an undisclosed in order to increase its market share in Lithuania, helping establish itself in the country’s sports betting sector and nascent online gaming market.

In December 2013 it launched its OlyBet sports betting brand [...]

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