Tag Archives: Athens

OPAP Q3 bounce back hurt by continued lottery declines

OPAP Q3 bounce back hurt by continued lottery declines

OPAP SA has recorded a stable Q3 2020 trading period, as the Athens-listed gambling group continues to side with caution in steering all operating units ‘towards business normality’.   Publishing its Q3 2020 trading update for the three-month period ending 30 September, OPAP recorded a marginal 0.7% decrease in group revenues to €391 million, driven by the strong comeback of its …

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Intralot taps all cost-saving options to soften Covid blows 

Intralot SPA has updated both investors and the Hellenic Capital Market Commission on further measures taken to reduce the firm’s exposure to COVID-19 impacts, which have hindered the group’s commercial pipeline and financial performance.  As it stands, Intralot estimates that Covid impacts will bear a group-wide EBITDA-level cost of €25-28 million on its full-year 2020 accounts. The Athens listed gambling …

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Sokratis Kokkalis retakes leadership of Intralot

Intralot SPA has informed its shareholders that company founder and executive chairman Sokratis Kokkalis has been reinstated as Group CEO effective immediately.  The gambling technology and lottery systems provider issued a statement on the Athens Stock Engage disclosing that majority shareholder Kokkalis had retaken leadership of the firm, replacing Christos K. Dimitriadis as CEO.  The filing stated that Intralot had …

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Dire H1 sees Intralot record group losses of €43m

Global headwinds continue to mount for Intralot SPA, as its corporate performance is severely impacted by the compound effects of the loss of key technology contracts and COVID-19 constraints recorded across all operating markets. Publishing its H1 2020 interim statement (period ending 30 June), Intralot declared group operating losses (NIATMI)  of €42.9m, up 39% on corresponding H1 2019’s €31m. Recording …

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OPAP delivers on Athens children’s hospital CSR projects

OPAP has completed a major corporate social responsibility initiative after announcing the renovation of Athens’ Aghia Sofia children’s general hospital.  The modernisation of Aghia Sofia’s children’s ward was first announced as a core CSR project by OPAP in 2018, with the betting group taking full responsibility for the funding of the renovation of Athens largest paediatric unit from Athens municipal …

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Intralot rocked by Bulgaria Eurobet suspension 

Intralot SPA has detailed a troubled start to 2020 trading, noting steep declines across all core operating metrics and divisions, as its corporate recovery programme has been impeded by multiple novel headwinds.  Publishing its Q1 2020 results, the Athens-listed gambling technology and lottery systems provider saw group turnover decline by 47% to €102m (Q12019: €193m).  The €90m turnover decline is …

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Hellas index recognises SG Digital as top tech employer 

The annual ‘Hellas – Great Place to Work’ index has ranked SG Digital among Greece’s top technology and digital sector employers.  Ranking seventh in the overall company index, SG Digital was recognised for developing ‘excellent workplace learning environments’ and supporting all levels of its workforce with ‘effective talent management’ programmes and resources.   Scientific Games’ digital unit was joined in the …

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Stoiximan retains independence despite OPAP equity increase

GML Interactive, the operating company of Greek online bookmaker Stoiximan, has disclosed that OPAP SA will increase its majority shareholding in the betting group to 84.5%. The transaction will see Athens-listed OPAP continue to increase its equity in Stoiximan’s Greek and Cypriot operations, having become the majority shareholder of the betting asset in 2019 after securing a 51% stake for …

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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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