Novibet’s tech and product leadership team of Lambros Sialmas (COO) and Sotiris Haritos (CTO) have provided SBC an exclusive insight into the pan-European igaming group’s growth strategy driven by the fundamental pillars of consolidating leadership positions, enhancing product offerings and customer experience and maximising operational efficiencies. To Novibet’s advantage, its strategy leverages its ‘Greek-engineered’ GameTech platform to export domestic success …
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OPAP sets €2bn revenue record but tax burden dims profit results
OPAP SA states that it has established a new benchmark for its business, generating more than €2bn in corporate revenues. The Athens-listed gambling group published its full-year 2023 accounts, in which revenue results amounted to €2.08bn, up 7% on FY2022 comparatives of €1.93bn. The record-breaking figure was achieved off the back of stellar Q4 trading, as OPAP’s “Q4 2023 GGR …
Read More »Betsson rewards investors €89m dividends to celebrate Jubilee 2023 results
Betsson AB has proclaimed a second successive year of record-breaking financial results and KPIs as it celebrates its 60th year in business. Publishing its full-year 2023 results this morning, the Stockholm-listed gambling group’s corporate revenues stood at €948m, up 22% on FY2022 results of €777m. Year trading saw the firm register a 60% increase in EBITDA to €262m (FY2022: €173m) …
Read More »Thanos Marinos: Building Betsson in the ‘still shaping’ Greek market
Three years into the introduction of permanent licences by the Hellenic Gaming Commission (HGC), the Greek gaming industry is fast growing but is still being shaped, both by regulation and the operators active within it. Providing this overview of the sector from Betsson’s position of leadership for edition 26 of the SBC Leaders Magazine, the company’s Managing Director for Greece, …
Read More »Styliana Kalogreadou: Motivational Engineering – much more than a buzzword for Soft2Bet
Gamification, or Motivational Engineering as it’s known at Soft2Bet, may well make it into the top five phrases for the gambling industry in 2023. And as gaming providers look for new and innovative ways to engage with players, it’s only going to become even more popular in 2024. But how many gaming companies can honestly say they’re ‘getting it right’ …
Read More »OpenBet facilitates next gen of OPAP’s retail betting offering
OpenBet has extended its long-term partnership with Greek gambling operator OPAP to deliver an enhanced retail betting experience. Under the new framework, OpenBet’s technology platform and products are leveraged across OPAP’s retail estate. Jordan Levin, Group CEO of OpenBet, commented: “We’re proud to have facilitated the next generation of OPAP’s retail betting offering, particularly so soon after the success of …
Read More »OPAP stands by online growth to meet 2023 targets
OPAP SA remains confident in achieving its full-year 2023 financial targets despite its business units enduring a difficult Q3 trading period. In its latest quarterly update, the Athens-listed gaming group reported year-to-date revenues of €1.50bn, marking an 8% increase from the previous year’s €1.39bn. However, OPAP’s commercial momentum experienced a slowdown in Q3, with a 3.5% decline in Gross Gaming …
Read More »Hellenic Gaming Commission raises concerns over black market
The President of the Hellenic Gaming Commission (EEEC), Dimitris Dzanatos, has warned of the dangers posed by black market operators to the regulated Greek gambling sector. Black market betting companies have been a major talking point across Europe lately with regards to gambling regulation, against a backdrop which has seen many countries initiate legislative changes affecting the industry. Speaking at …
Read More »Novibet appoints Al Alevizakos as CFO ahead on LatAm expansion
Novibet has confirmed the appointment of Al Alevizakos as Chief Financial Officer (CFO) of the pan-European online gambling group, with immediate effect. An expert in corporate finance, auditing and the financial planning of mass market enterprises, Alevizakos joins Novibet’s C-level team from Athens private equity group AXIA Ventures, where he formerly served as Managing Director (2020-2022). A seasoned executive within …
Read More »Betsson becomes title sponsor of Greece’s AEK BC in expanded deal
Betsson has extended its sponsorship of Greek Basketball League team, AEK BC, in a further expansion of its sports marketing efforts in the country. As the collaboration enters its third consecutive season, the Nasdaq-listed online gambling company will remain on the front of the team’s kit as the club marks 100 years of activity. Significantly, AEK BC has also revealed …
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