Tag Archives: Athens

Smooth VLT upgrade sees OPAP confident of delivering on all 2019 targets

Athens-listed gambling group OPAP SA is confident it will deliver on its full-year corporate expectations after recording a strong Q3 2019 performance including growth across all core metrics. Continuing to reap the benefits of its VLT and systems upgrade, OPAP maintains year-to-date revenues of €1.173 billion – up 6% on year-to-date (YTD) 2018 comparatives of €1.106 billion. Publishing its latest …

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Intralot powers MDJS Moroccan expansion

Athens-listed gambling technology and lottery systems provider Intralot SA will expand its services and presence within Morocco, securing a new services agreement with La Marocaine Des Jeux et des Sports – MDJS. An Intralot customer since 2010, MDJS acts as Morocco’s state-owned sports lottery organisation. Issuing a corporate update, Intralot governance confirms that its subsidiary ‘INTRALOT Maroc’, will act as …

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Intralot undertakes senior management overhaul as first act of recovery plan

As anticipated Athens-listed gambling technology firm Intralot SPA has announced the first actions of its ‘group operating review’, moving to overhaul senior management within its operations, technology, digital and commercial departments. Publishing Intralot’s 2018 results last April, company Chairman and majority shareholder Sokratis Kokkalis sanctioned a ‘full scale operating review’, as Intralot recorded declines across all core business verticals – licensed …

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Sokratis Kokkalis calls on Intralot operating review following ‘year of declines’

Intralot SPA Group Chairman & CEO Sokratis Kokkalis has confirmed that the Athens-listed gambling technology firm will undertake a full-scale operating review and cost reduction plan, following a year of corporate declines witnessed across all Intralot business verticals. Publishing its full-year 2018 results, Intralot records a -6.4% decline in group revenues to €870 million (FY2017: €930m), as governance reports diminishing …

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Intralot appoints Nicklas Zajdel as digital lead

Athens listed gambling technology and lottery systems supplier Intralot SPA has confirmed the appointment of Nicklas Zajdel as new Chief Digital Officer (CDO). An industry veteran in delivering omni-channel projects and products,  Zajdel joins Intralot’s executive team from Ladbrokes Coral (GVC Holdings) where he formerly served as Managing Director of Digital Solutions and Director of Commercial Operations. A seasoned industry executive, …

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Transformative 2018 sees OPAP confident of future prospects & identity

Athens-listed gambling group OPAP SA has published its full-year 2018 results, detailing a transformative year for its business, undertaking a number of critical upgrades and refinancing its operating structures. “2018 marked the 60th anniversary of OPAP’s foundation and the entire OPAP team is proud of what was achieved in this historic year. We successfully delivered all of our key business …

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Intralot backs Turkish talent committing to building ‘INTELTEK technology Unit’

Celebrating its fifteenth year in business within the Turkish betting and lotteries market, Athens-listed gaming and lottery systems provider Intralot SPA has announced a major investment plan in strategic asset – INTELTEK. Issuing a market update, Intralot governance confirms that it has begun development on an ‘INTELTEK – Global Research & Technology Development Centre which will be housed in Turkey, supporting …

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ARC and Vermantia launch European Racing Channel

Pontefract - Copyright: phil_bird / 123RF Stock Photo

The Arena Racing Company (ARC) and Vermantia have announced the official launch of the European Racing Channel, which both parties describe as “the most complete offering of its kind worldwide”. Available via both satellite and streaming services, the new channel is set to feature a daily schedule compromising of at least 40,000 live premier thoroughbred and greyhound races per year. …

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Intralot posts ‘steady’ 2017 trading eyeing new contract growth

Presenting its year-to-date trading statement (period ending 30 September), Athens-listed industry gaming and lottery systems supplier Intralot SA has reported a strong corporate momentum, as the company reports growth across its core metrics. For its YTD performance, Intralot reports a consolidated group revenue increase of 13% to €1,085 billion. The company reported a strong Q3 sales performance in the US, …

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Greece seeks to revamp its gambling laws for foreign investment

The Hellenic Parliament is expected to pass a series of gambling amendments related to VLTs provisions and land-based casino licensing. Last October, Greek news sources reported that the Syriza government had tabled new reforms on industry taxes, licensing arrangements and games provisions, in order to make its national market more attractive to foreign operators. Parliament further seeks to amend existing …

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