Tag Archives: greece

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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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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Inspired announces Greek VLT rollout with OPAP in 2017

Inspired has announced that it will be soon be starting the rollout of its video lottery terminal (VLT) cabinets with Greek betting and lottery operator OPAP S.A (OPAP). Following the formal announcement of new VLT regulations by the Hellenic Gaming Commission, OPAP has deemed that all appropriate conditions are now in place to allow it to restart plans for the …

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2016 growth sees Interwetten seek new market entry

Updating the market on its year-to-date corporate performance (nine-month period ending 30 September) European sports betting operator Interwetten has reported a group revenue uplift of 27% to €50 million. Following strong consecutive quarter performances, Interwetten governance detailed that the company was targeting a ‘breakthrough of €1 billion turnover threshold’. For its YTD 2016 performance, the European operator has generated a …

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OPAP expands live betting soultions with Betradar

Industry data and analytics provider Betradar has secured an extensive live betting solutions partnership with Greek licensed gambling operator OPAP. The partnership will see OPAP the biggest bookmaker in Greece integrate Betradar provisions for automated live betting markets and in-running trading services throughout the operator’s retail and online betting network. OPAP governance detailed that Betradar live betting services were needed …

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Intralot becomes latest industry operator to join FIFA’s Early Warning System

Greek gambling operator Intralot has become the latest industry enterprise to sign a cooperation agreement with FIFA’s Early Warning System (EWS). The partnership will see Intralot’s betting operations share information regarding its football markets with a view of further protecting the integrity of the sport and its competitions. FIFA’s EWS program pools match information from multiple stakeholders, be it betting …

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Greece to open new licensing regime by October

Updating industry stakeholders, the Greek Syriza government has announced that it will implement its new gambling licensing regime by October, opening its market to foreign operators. This September, Deputy Finance Minister Trifon Alexiadis informed Greek news sources that regulatory and business provisions would be made available ‘within a month.’ Following amendments, the Syriza government is confident that its new licensing …

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International restructure sees Intralot post H1 2016 growth

Updating the market on its H1 2016 performance (period ending 30 June), Athens-listed gambling systems provider Intralot has declared that a reorganisation of international portfolio has helped the company deliver top-line growth. Driven by growth in its markets of US, Turkey and Bulgaria, Intralot would record H1 2016 group revenues of €639 million (H1 2015: €618 million). The improved group …

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