Tag Archives: VLTs

Greece seeks to revamp its gambling laws for foreign investment

SBC News Greece seeks to revamp its gambling laws for foreign investment

The Hellenic Parliament is expected to pass a series of gambling amendments related to VLTs provisions and land-based casino licensing. Last October, Greek news sources reported that the Syriza government had tabled new reforms on industry taxes, licensing arrangements and games provisions, in order to make its national market more attractive to foreign operators. Parliament further seeks to amend existing …

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Strengthened infrastructure delivers positive Q3 results for Greek OPAP

SBC News 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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Challenging environment hurts OPAP Greece profits as company prepares for VLT restart

SBC News Challenging environment hurts OPAP Greece profits as company prepares for VLT restart

Closing its Q3 2016 (period ending 30 September), Greek gambling operator OPAP has posted a 40% decline in net profits to €29 million (Q3 2015: €49 million). The operator informs its stakeholders that it is continuing to adapt to a ‘challenging environment’ in which it operating margin has been impacted by higher taxes of 35% by the Hellenic Republic. Adjusting …

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