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 …
Read More »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 …
Read More »Dire H1 2019 sees Intralot suffer declines across all business verticals
Publishing its 2019 interim results (period ending 30 June), Athens-listed gambling technology group Intralot SPA reports continued operating declines across its three core business verticals of ‘Licensed Operations’, ‘Management Contracts’ and ‘Technology Provisions’. A tough H1 2019 trading period sees Intralot governance outline multiple factors impacting the company’s performance, including negative currency fluctuations, macro impacts, decreasing management contracts combined with further …
Read More »SAZKA confirms OPAP takeover intent
Czech gambling conglomerate SAZKA Group has clarified its intentions to secure ‘full control’ of Athens-listed OPAP SA, Greece’s largest lottery and sports betting operator. On Monday, the Athens Securities Exchange temporarily suspended OPAP’s listing, announcing that the gambling group anticipated a ‘major imminent corporate event’. This morning, Reuters disclosed that SAZKA governance had submitted a formal Athens Exchange filing detailing …
Read More »Athens suspends OPAP listing on speculation of SAZKA takeover
The Athens Securities & Exchange Commission has this morning moved to temporarily suspend the listing of OPAP SA, in light of speculation of a ‘major imminent corporate event’. Greek business news sources this morning report that Czech gambling conglomerate SAZKA Group seeks to significantly expand its holdings in OPAP, the former state-owned enterprise and Greece’s largest lottery and sports betting …
Read More »Transformative 2018 sees OPAP confident of future prospects & identity
Athens-listed gambling group OPAP SA has published its full-year 2018 results, detailing a transformative year for its business, undertaking a number of critical upgrades and refinancing its operating structures. “2018 marked the 60th anniversary of OPAP’s foundation and the entire OPAP team is proud of what was achieved in this historic year. We successfully delivered all of our key business …
Read More »Intralot denies Intracom merger as Greek eyes focus on Kokkalis’ ‘Turkish dilemma’
Greek gambling technology and lottery systems provider Intralot SPA has denied rumours that it will be absorbed by Athens-listed IT solutions provider Intracom Holdings. Last week, Greek business news sources reported that Sokratis Kokkalis, founder and majority shareholder of Intracom, was evaluating forming a new Athens conglomerate merging the Intracom assets of Intrakat (construction), Intralot (lottery/gambling) and Intrasoft (logistics technologies). …
Read More »6 of the Best – Apps4 web media’s Alex Windsor
This week’s 6 of the Best comes from Alex Windsor, founder of Apps4 web media. Keep reading to discover a sporting VIP experience that left Windsor hooked, a Premier League flop who proved to be an unlikely scorer in a winning wager and wide musical taste. Best Album I love listening to music, be it in the car, in the office or when I …
Read More »6 of the Best – Betano & Stoiximan’s Panos Konstantopoulos
This week’s 6 of the Best comes from Panos Konstantopoulos, Chief Marketing Officer at Betano and Stoiximan. Keep reading to discover the joys of a Madrid derby gracing the Champions League final, an oldie but a goodie of a movie choice and best bet difficulties. Best Holiday: It will have to be the very first holidays with our newborn twins, …
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