Olympic Entertainment Falls After Swedbank Cuts Recommendation
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Olympic Entertainment Group AS fell the most in five months in Tallinn trading after Swedbank AB cut is recommendation for the only listed casino operator in Eastern Europe to “reduce” from “accumulate”.
The stock fell as much as 5.6 percent, the biggest decline since Aug. 9. It traded 3.8 percent lower at 1.61 euros at 11:11 a.m. in Tallinn. Olympic has gained 7.7 percent this year, compared with a 3.9 percent average gain for its Eastern European consumer services peers.