Tag Archives: greece

INTRALOT expands US leadership through Klironomos promotion

Athens-listed gambling technology group INTRALOT SPA has moved to restructure the leadership of its corporate accounting and auditing units. Updating investors, INTRALOT governance confirms the promotion of current Internal Audit Officer Lampros Klironomos to the executive position of Chief Financial Officer (CFO) of the group’s ‘INTRALOT INC’ US division wagering and lottery systems division. Klironomos has served as group auditing …

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Intralot focuses on group transitions as dire results continue

Athens-listed gambling technology group Intralot SPA has posted a further quarter of negative declines across its core business metrics and KPIs as it continues to focus on a business transformation programme to counter corporate headwinds for its operating markets. Publishing its latest Q3 2019 trading statement (period ending 30 September), Intralot reports a 6% decrease in year-to-date revenues of €555 million …

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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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Better Collective Spotlight: Early signs of success for first Greek Bookmaker Awards

Greece

This month’s Better Collective Spotlight explores the “excellent opportunity” for Better Collective to build on the relationship it has with online bettors in Greece through launching the Greek Bookmaker Awards in partnership with Betarades. The 12-category awards night (23 January 2020) will be hosted by Betarades, a Better Collective-owned provider of sports insights and free betting tips in Greece. Better …

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OPAP secures Greek market clearance on Stoiximan investment

Greece’s markets & competition authority HCC has granted its approval for market leader OPAP to acquire a majority stake in online bookmaker Stoiximan Group. The transaction initiated at the start of 2019, sees OPAP agree to acquire a 51% stake in Stoiximan for €95 million, a Greek and Cypriot online sportsbook property operated by Malta-based European online gambling group GML …

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Greece sets affiliate licensing conditions for revamped gambling market

Further requirements published in Greece’s approved new gambling bill, will require affiliate marketing partners to register and pay a €1,000 licensing fee with the Hellenic Gaming Commission (HGC). This October, following a year of deliberation, the Greek Parliament progressed final amendments of its new gambling bill, which will introduce a modern regulatory framework for online gambling services. Serving as lead …

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Greece approves passage of new gambling bill modernising industry frameworks

The Greek government has settled on amendments to finally approve the passage of its revamped gambling bill, launching the country’s first regulated online gambling framework. First sanctioned in September 2018 with the aim of overhauling Greek gambling’s licensing regime and industry-wide regulations, final provisions of the new gambling bill have been approved by the European Commission (EC) and Greece’s House …

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Greece shows no movement on 35% GGR tax rate

Seeking to reform its online gambling marketplace, the Greek government maintains that it will stand by its contested 35% tax charge on gross gambling revenues (GGR). At the start of October, the Greek government approved a series of reforms updating the nation’s gambling frameworks with regards to licensing and taxation. Controversially, the Greek government retained its 35% GGR tax charge but …

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Goalbet challenge sees Greek Council revoke OPAP online betting licence

Athens-listed gambling group OPAP SA is facing disruption in its home market of Greece following the decision taken by the State Council to revoke the operator’s online sports betting licence. Judges of Greece’s highest-ranking administrative court upheld an appeal made by Austrian operator Goalbet, who challenged the Hellenic Gaming Commission’s (EEEP) licensing approval of OPAP online sportsbook subsidiary Pame Stoixima. The …

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VLT upgrades deliver for Greek OPAP chasing its 2020 vision

The governance of Athens-listed gambling group OPAP SA publishes its 2019 interim results (period ending 30 June), confident of delivering on its future prospects, serving the mandate of its 2020 corporate vision. Updating the market, OPAP records a 6% increase in group gross gambling revenues (GGR) to €779 million (H1 2018: €737m), driven the significant improvement of its upgraded retail …

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