PARIS (S&P Global Ratings) Jan. 30, 2020--S&P Global Ratings said today that Olympic Entertainment's plans to acquire Croatia-based gaming company International Evona will contribute to strengthening the group's business. The acquisition will further Olympic's scale and geographical diversification by expanding its exposure beyond its existing operations in Estonia, Latvia, Lithuania, Italy, Slovakia, and Malta. That said, Olympic is still among the smallest gaming operators in Europe, and it remains particularly vulnerable to economic, political, or regulatory developments, as well as to sector trends. Olympic is the core operating entity of Odyssey Europe Holdco S.à r.l (B/Stable/--). Olympic will acquire International Evona with a mix of cash and a revolving credit facility (RCF). We estimate that, prior to the funding, Olympic
