Eastern European casino operator Olympic Entertainment Group (OEG) has struck a deal to acquire Lithuanian betting operator UAB Orakulas.

Terms of the deal weren’t disclosed, but Orakulas generated revenue of just under €4m in 2014 from its 35 betting shops, 12 of which are located in Lithuania’s capital Vilnius. The deal still requires approval of the Lithuanian Competition Council.

OEG issued a statement saying the deal would increase its market share in the country, where OEG already operates 18 gaming venues. But OEG believes Orakulas’ shops will lead to “more rapid penetration to Lithuanian sports betting and newly established online gaming market.”

OEG recently turned in its Q3 report card, which showed Lithuanian revenue falling 7.7% to €5.2m. Overall revenue rose 5% to €39.9m, of which €37.4m came via gaming operations. Operating profit rose 8% to €8.8m while net income rose 14% to €8m.