Tag Archives: Athens

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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Challenging environment hurts OPAP Greece profits as company prepares for VLT restart

Closing its Q3 2016 (period ending 30 September), Greek gambling operator OPAP has posted a 40% decline in net profits to €29 million (Q3 2015: €49 million). The operator informs its stakeholders that it is continuing to adapt to a ‘challenging environment’ in which it operating margin has been impacted by higher taxes of 35% by the Hellenic Republic. Adjusting …

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Intralot shows support for gambling addiction in Athens

Intralot showed its continued support for ‘KETHEA’ by participating in the 34th Athens Marathon on Sunday 13th November. ‘KETHEA’ is the largest rehabilitation and social reintegration network in Greece, and helps people suffering from major forms of addiction including gambling. It was the fifth consecutive year in which Intralot runners have completed the 5 km, 10 km and 42 km …

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Tom Little steps down as CEO of Intralot USA

Updating the market Athens-listed lottery technology provider Intralot SPA has announced that Intralot Inc (USA operating division) CEO Tom Little has stepped down from his leadership position within the firm. Little has served as CEO of Intralot US since 2002. The lottery provisions supplier confirmed that Little’s USA CEO duties would be temporarily filed by Intralot Group Chief Operating Officer …

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New business contracts boost Intralot confidence for 2016

Posting its full-year 2015 corporate performance, Athens listed gambling and lottery technology provider Intralot SA declared a net earnings declined to €25.7 million, down 30% on FY 2014’s €36.5 million. Despite the decrease in group earnings, Intralot governance remained pleased with 2015 performance citing that the company had gained new contracts (US, Netherlands, Brazil and Morocco) in challenging market conditions. …

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