Tag Archives: OPAP

Intralot secures further Greek OPAP lead lottery supplier extension

Updating the market, Athens-listed lottery and gaming systems provider Intralot has confirmed that it has secured a three-year extension to its lead lottery provisions arrangement with leading Greek market gambling operator OPAP. Intralot will continue to act as the main supplier of OPAP’s ‘numerical lottery products’ and related services. The partnership extensions will see Intralot upgrade OPAP’s lottery management platform, …

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Nick Tofiluk departs UKGC to lead The Cyprus National Gaming Commission

The UK Gambling Commission (UKGC) has informed that Executive Director and Regulatory Operations lead Nick Tofiluk has departed the organisation to become the Chief Executive of Cyprus’ National Gaming & Casino Supervision Commission. As a UKGC executive, Tofiluk has led the UK governing body’s regulatory operations since 2007, overseeing the implementation of a number of industry-wide UK mandates, regulations and …

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Strengthened infrastructure delivers positive Q3 results for Greek OPAP

Publishing its Q3 2017 trading update (period ending 30 September), Greek gambling group OPAP has detailed strong gains in its betting products and video lottery terminals (VLTs) as the firm homes in on full-year corporate targets and expectations. Updating the market, OPAP would detail group gross gaming revenues of €357 million up 12% on corresponding Q3 2016’s €319 million. Improved …

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Big Delivery…Playtech BGT begins full rollout of OPAP Self-Service Terminals

OPAP Q3 bounce back hurt by continued lottery declines

Playtech Plc sports betting division Playtech BGT (PBS) has detailed that it has begun its rollout of software and systems provisions of Self-Service Betting Terminals (SSBTs) for OPAP, Greece’s largest betting/gambling operator. Having secured its OPAP partnership in February of this year, PBS acts as the exclusive supplier of SSBTs provisions for the operator which currently services + 4,500 betting …

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Year of adjustments sees OPAP financials impacted by higher taxes and infrastructure costs

Presenting its full-year 2016 results, Greek gambling operator OPAP details that its financial performance has been impacted by higher tax charges combined with a higher operational outlay as the firm prepares for significant operational changes in 2017 While OPAP sustained total group wagering at €4.2 billion and group gross gaming revenues at €1.39 billion, the firm’s earnings and profit metrics would …

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OPAP Greece speeds up infrastructure plan with €200 million bond issue

OPAP Q3 bounce back hurt by continued lottery declines

Greek gambling operator OPAP, will speed up its internal investment plans having secured a €200 million bond issue, through Greek and foreign investors.  The bond will provide the company with the funds needed to carry out its ambitious video lottery terminals (VLT) expansion and upgrade its lottery and gambling networks. OPAP governance detailed that its gained investment would be split into …

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SBTech signs up Azerbaijan operator eTopaz to its platform

eTopaz, the exclusive sportsbook of the monopoly state lottery of Azerbaijan, part of Azerinteltek‘s Topaz brand, has announced that it will power its future growth with SBTech’s award-winning fully managed platform to benefit from SBTech’s sportsbook experience in a deal with of one of the industry’s leading providers of iGaming platform and sports betting solutions and services. EL member Azerinteltek offers …

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Playtech BGT signs three-year terminal & OTC agreement with Greek OPAP

Updating the market, FTSE-listed gambling technology provider Playtech PLC (Playtech) has informed its investors that it has secured a three-year services agreement with Greek gambling operator OPAP. Securing its contract under its new division Playtech BGT, the technology firm will become lead supplier of self-service betting terminals (“SSBTs”) and over-the-counter (OTC) provisions for OPAP, the Greek market’s largest gambling operator. …

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Cyprus government reviews OPAP monopoly arrangement

OPAP Q3 bounce back hurt by continued lottery declines

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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