Tag Archives: VLT

Smooth VLT upgrade sees OPAP confident of delivering on all 2019 targets

Athens-listed gambling group OPAP SA is confident it will deliver on its full-year corporate expectations after recording a strong Q3 2019 performance including growth across all core metrics. Continuing to reap the benefits of its VLT and systems upgrade, OPAP maintains year-to-date revenues of €1.173 billion – up 6% on year-to-date (YTD) 2018 comparatives of €1.106 billion. Publishing its latest …

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Italy’s new coalition hikes taxes again on machine revenues

No respite will be offered to Italian gambling incumbents, as the newly installed 5Star-DP coalition government confirms the fourth set of tax hikes on gaming machines sanctioned over the past year. Inbound with 5Star-DP’s first ‘Budget Law’ decree, Italian gambling faces an increase in video lottery terminals (VLT) turnover tax to 9% – formerly set at 7.9%. Meanwhile, arcade operators …

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

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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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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