Odyssey Europe Holdco S.á r.l. (“Holdco”) 2025 Q2 report is now available at http://oeg-bond.com/.
An investor update call will be scheduled at a date and time to be determined.
For the fiscal second quarter 2025, Olympic Entertainment has generated gaming revenue of EUR 58.3 million and adjusted EBITDA of EUR 6.9 million. Gaming revenues and adjusted EBITDA continue to be impacted by the smoking ban in Latvia that went into effect from 01 January. However, the smaller year-over-year decline in Q2 is indicative of customers acclimating to the new regulation. In Latvia, despite the head winds, Olympic continues to grow its market share in the land-based market.
Online operations exhibited positive sequential and annual growth by generating EUR 25.3 million in gaming revenue, despite unfavorable hold percentages in May and June. We experienced growth in all three major product lines (casino, sport, and poker), with higher growth in sport and poker, in particular.
Current trading has rebounded quarter to date in Q3, as we’ve seen strength across the platform from a general uptick across markets and products. The team remains focused on driving further integration between our multi-channel businesses.
I am optimistic about the future of this company and encouraged by the commitment I’ve seen from the management team, local teams and stakeholders who support the Group to achieve our objectives.
Best,
Ian McLoughlin
CEO