Tag Archives: Athens

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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Strengthened infrastructure delivers positive Q3 results for Greek OPAP

Publishing its Q3 2017 trading update (period ending 30 September), Greek gambling group OPAP has detailed strong gains in its betting products and video lottery terminals (VLTs) as the firm homes in on full-year corporate targets and expectations. Updating the market, OPAP would detail group gross gaming revenues of €357 million up 12% on corresponding Q3 2016’s €319 million. Improved …

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Foreign Appeal…Greek government wants to reform casino sector attracting international players

Greek news source Ekathimerini has reported that the Syriza government may seek to reform industry taxes on casino gambling in order to make its national market more attractive to foreign companies. The Greek government may move to present new legislation to the Economic Ministry aimed at propelling Greece’s casino sector, by creating conditions attractive to international players willing to invest …

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Greece lightning! NYX seeks 50 new recruits for Athens Tech Hub

Toronto TSX-listed NYX Gaming Group, an industry supplier of multi-product verticals is looking to hire approximately fifty new staff for its ‘NYX  Athens Development Centre’ in Greece. A variety of vacancies are available at the Athens tech hub, as the provider looks to invest in new talent to drive further innovation for its product development and industry systems. To date, hub …

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New product & project delivery aids Intralot 2016 revenues, but investment hinders group earnings

Presenting its Q3 2016 trading update (period ending 30 September), the governance of Athens-listed gambling systems provider Intralot has stated that the company is beginning to reap the benefit of its new products and projects. Intralot governance pointed to the firm’s marked improvement in group turnover, which had seen it post a 16% increase in Q3 2016 revenues to €320 …

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AOC aims to arrest decline by emulating Britain’s lottery system

Australia’s Olympic Committee (AOC) President John Coates has thrown ‘100% support’ behind calls for an A$50 million (£29.86 million) lottery to boost funding for sport in the country. The proposal comes after Australia’s disappointing 10th place finish in the medals table at Rio 2016, which continued a decline from fourth place in both Sydney (2000) and Athens (2004). Coates made …

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Cyprus government reviews OPAP monopoly arrangement

Seeking to prepare its market for future regulations, the National Betting Authority of Cyprus (EAS) has begun its crackdown on online gambling sites deemed to be targeting national consumers. The actions of the authority have been granted by the Cypriot Finance Committee with a view of creating fair market conditions for sports betting operators seeking a Cyprus license application. The …

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