Tag Archives: Athens

Greece lifts €2 cap on online casino wagers 

The Greek government has confirmed that it will ease player wagering restrictions on online casino and poker verticals.  Positive developments for market incumbents will see the government increase its €2 maximum wager on online casino (slots and table games) to €20. Announced by the Hellas government gazette, the increase on maximum wagers will be instantly effective from May 2022 onwards …

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Intralot returns to black as Kokkalis transformation bears fruit 

Intralot SA has branded 2021 as a breakthrough year for its business, as the Athens-listed gambling technology group accomplished its structural reorganizational directive, that secured financial benefits beyond previous expectations.  Publishing its full-year 2021 financial report, Intralot declared a group underlying EBITDA of €110 million up 67% on comparative FY2020’s results of €66 million. Group earnings were bolstered by a …

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OPAP nets 26% profit jump as units return to full strength

OPAP SA has hailed its full-unit business recovery, as the company records a strong end of year performance to offset early 2021 COVID-19 headwinds. Publishing its full-year 2021 results, the Athens-listed gambling group reported corporate revenues of €1.58 billion, up 36% on FY2020 results of €1.13 billion.  Headline growth was attributed to the full-strength return of its lottery unit during …

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OPAP nets Gold Sponsorship of Greek Basketball 

OPAP SA, the operator of the Greek national lottery and retail sportsbook franchises, has become the principal sponsor of the Hellenic Basketball Federation (EEC).  At a press conference hosted at the Athens Olympic Gymnasium, OPAP was announced as the ‘Gold Sponsor’ of EEC Greek men’s and Women’s basketball teams.  The partnership will span a period of 3-years and will see …

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Intralot hails Sokratis streamline as business tracks YTD earnings of €57m   

Intralot SA cites confidence in achieving its 2021 financial objectives, as the group’s trading benefits from a reorganised structure supporting an all-unit business recovery.  Publishing its nine-month 2021 trading report, Intralot has registered group year-to-date revenues of €303 million, up 24% on 2020 YTD comparatives of €243 million.  The Athens-listed technology group cited that top-line growth was driven by a …

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Intralot continues unit turnaround benefiting from leaner global profile  

Intralot SPA reports a significant improvement in trading, delivering growth across all business units as the Athens listed gambling technology group moves to advance its US market profile.  Publishing its H1 2021 trading results (period ending 30 June), Intralot achieved group revenues of €202 million – up 34% on corresponding 2020 results of €150 million. Revenue growth was attributed to …

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Intralot completes US Inc focused capital restructuring 

Intralot SA has secured a final settlement on its debt-note and capital restructure, undertaken to deepen its financial resources and accelerate the growth of its North American Intralot Inc unit.       The Athens-listed gambling technology group reports that on 3 August it was allowed to issue new debt-notes totalling £242 million, which will be maintained under the Intralot Inc domain. …

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Intralot renegotiates fiscal duties to help drive Sokratis’ US vision

Sokratis Kokkalis, founder and chief executive of Intralot SPA, has underscored the technology group’s ‘business priority’ to bolster and accelerate all North American units, services and customer contracts.     Having retaken leadership of the Athens-listed group last November, Kokkalis presented Intralot’s new strategic vision to investors at the firm’s AGM on Tuesday 29 June. Despite facing ongoing COVID-19 adjustments across its …

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Intralot points to stable 2021 outlook following positive Q1 results

Intralot SPA has detailed confidence in achieving its business recovery objectives as the firm declares a positive opening to 2021 trading. Publishing its Q1 2021 trading results (period ending 31 March), Intralot registered group revenues of €102 million – up 9% on corresponding 2020 results of €93 million. The Athens-listed gambling technology group highlighted the recovery of its lottery games …

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Intralot delivers stable 2020 earnings despite system shocks

Athens-listed Intralot SA has published its financial results for the 2020 fiscal year, prepared in accordance with IFRS, noting an almost 17% decline in revenue after its lottery and sports betting industries were significantly impacted by the COVID-19 pandemic. For the 12 month period which ended on December 31, 2020, Intralot declared a group revenue of €364.8m, a 16.6% decrease …

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