Tag Archives: greece

Intralot Chairman Socrates Kokkalis aims to set Greek National Lottery agenda

Intralot Group Chairman Socrates Kokkalis is preparing to spearhead the creation of the Greek National Lottery. Intralot confirmed that Kokkalis had submitted a business proposal to the Hellenic Minister of Finance Yanis Varoufakis. Addressing the Intralot Group Annual General Meeting (AGM) Kokkalis has outlined that the Greek National Lottery should be owned by the State but operated by a private …

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Development focus for Openbet Hellas S.A.

OpenBet, leading software provider to the sports betting and gaming industry, has significantly expanded its global presence through the acquisition of its previously outsourced Greek operation from Athens Technology Center S.A (ATC). The acquisition initially increases headcount at OpenBet by 25%, with the additional employees focused on development. It will allow the business to continue to improve its ability to …

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William Hill suspends Greek EURO exit market

The subject of Greece and its fiscal status will dominate this week’s European Union Finance Ministers counsel in Riga (Latvia). EU member states fear that the country is on verge of a further default following last week’s appeal for a further extension from the International Monetary Fund (IMF) for its next debt payment. Greece who are led by the recently …

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Scientific Games secures OPAP VLT partnership

Scientific Games Corporation has announced that it has signed a contract to provide OPAP S.A. with 5,000 video lottery terminals (VLT) pursuant to OPAP’s 10-year license to operate a network of 16,500 VLTs across the country. Deployment is expected to begin in spring 2015 and conclude by the end of the year. “We are proud to be chosen as one …

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Greece – Syriza targets online gambling for additional tax revenues

The Financial Times, has leaked a letter from Greece’s far left governing party Syriza to Jeroen Dijsselbloem Head of European Union financial interstate body Eurogroup, outlining potential reform proposals for Greek tax revenues. The letter composed by Syriza Finance Minister Yanis Varoufakis proposes seven reforms which have been considered, as the country’s new government seeks to meet conditions for its …

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Paddy Power puts Greece at 4/1 to drop the Euro

The shift of political power in Greece following last Sunday’s national elections which saw radical left wing party Syriza take control under the leadership of new Prime Minister Alexis Tsipras, has not gone unnoticed by bookmakers. This week Paddy Power had announced that Greece is now 4/1 to drop the Euro currency within four years, as Syriza leaders and Tsipras …

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Interwetten exceeds expectations with 18% revenue uplift

European sports betting operator Interwetten Sports has reported a full year revenue increase of 18% to €46.3 million (2013: €40.8 million), as the operator reaped the benefits of a new marketing and player acquisition strategy. Interwetten stated that its performance had exceeded all management expectations, as the company witnessed a yearly turnover of €800 million. The company was able to …

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Vermantia picks up Gold Award

Gaming supplier Vermantia has won the Gold Award in the category “Extroversion & Competitiveness in International Markets” at the E-volution Awards ceremony, organized by Boussias Communications, ELTRUN, the Laboratory of Electronic Commerce and Athens University of Economics and Business. Established in 2007, Vermantia specializes in the creation, management and delivery of innovative & immersive gaming content. Through its proprietary gaming …

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Greek OPAP reports 19% revenue increase for Q3 2014 performance

Greek gambling and sports betting operator OPAP reported a 19.1% €1.1 billion revenue increase for its Q3 2014 performance (Q3 2013 – €898 milion). The operator was able to secure an improved net profit performance of 25.9% €55.9 million (2013 Q3 €44.4 million). The operator stated that its increase in revenues and profit performance had been driven by improved player …

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bwin.party sees improved betting performance, as other verticals decline

European igaming operator bwin.party reported increased revenues of 2% for its Q3 2014 performance. During the period ending 30 September, bwin.party recorded increased total revenues of €148.7 million (£118.5 million) up from 2013: €145.7 million. Sports betting proved to be bwin.party’s leading vertical generating an 11% increase in net revenues of €58.8 million (£46.7 million) up from 2013: €52.9 million. …

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