Tag Archives: OPAP

VLT upgrades deliver for Greek OPAP chasing its 2020 vision

OPAP Q3 bounce back hurt by continued lottery declines

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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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 …

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Stoiximan Group launches Betano brand in Portugal

The Stoiximan Group has cemented its position in the Portuguese market via its Betano brand, which offers a sportsbook with live betting and streaming features, alongside a casino portfolio. Betano already has a presence across the German, Austrian and Romanian markets while the group currently operates in Cyprus and Greece under its Stoiximan brand. Betano’s country manager in Portugal, Ricardo Branquinho, commented on …

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Transformative 2018 sees OPAP confident of future prospects & identity

OPAP Q3 bounce back hurt by continued lottery declines

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 …

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Greek EEEP give clarity on responsibility code but Hellas remains an unattractive prospect

The Greek Gambling Commission (EEEP) has issued a ‘quick-fire’ response to its new draft laws on online gambling, giving national stakeholders just 10-days (deadline 25 January) to review and respond to its propositions. The EEEP is reported to have added a number of amendments and provisions to the Finance Ministry’s co-developed Greek online gambling framework, initially proposed last 11 September. …

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OPAP increases stake in Stoiximan assets

Expanding its digital presence, Athens-listed gambling group OPAP has confirmed that it has agreed to acquire a further 51% stake in Stoiximan Group for €95 million. Issuing a market filing, OPAP confirms that it will undertake the transaction through its ‘OPAP investments’ subsidiary which will acquire the Stoiximan equity from operating company GML Interactive. Gaining the majority shareholding in Stoiximan …

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TotalCasino launch sees Playtech up Polska profile with Totalizator Sportowy

FTSE-listed gambling technology group Playtech Plc has announced the launch of TotalCasino (TotalCasino.pl) – Poland’s first regulated online casino in partnership with state-owned national lottery operator Totalizator Sportowy. Entering 2018, Playtech had been selected by Totalizator Sportowy as its lead digital systems provider, with the legacy Polish operator seeking to expand its services. Totalizator Sportowy has run Poland’s lottery services for …

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VLT upgrades see Greek OPAP ride out tough Q3 trading

Publishing its latest Q3 2018 trading statement, Athens-listed lottery and gambling group OPAP SA reports growth despite being impacted by unfavourable sporting results alongside Greek macroeconomic adjustments. An enhanced OPAP group withstands declines in 2018 wagering activities, as the firm maintains a positive gross-gaming-revenue (GGR) contribution of Q3 2018 – €369 million (+3.2%) running alongside a year-to-date GGR of €1.106 …

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