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 …
Read More »
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 …
Read More »
Intralot showed its continued support for ‘KETHEA’ by participating in the 34th Athens Marathon on Sunday 13th November. ‘KETHEA’ is the largest rehabilitation and social reintegration network in Greece, and helps people suffering from major forms of addiction including gambling. It was the fifth consecutive year in which Intralot runners have completed the 5 km, 10 km and 42 km …
Read More »
Updating the market Athens-listed lottery technology provider Intralot SPA has announced that Intralot Inc (USA operating division) CEO Tom Little has stepped down from his leadership position within the firm. Little has served as CEO of Intralot US since 2002. The lottery provisions supplier confirmed that Little’s USA CEO duties would be temporarily filed by Intralot Group Chief Operating Officer …
Read More »
Posting its full-year 2015 corporate performance, Athens listed gambling and lottery technology provider Intralot SA declared a net earnings declined to €25.7 million, down 30% on FY 2014’s €36.5 million. Despite the decrease in group earnings, Intralot governance remained pleased with 2015 performance citing that the company had gained new contracts (US, Netherlands, Brazil and Morocco) in challenging market conditions. …
Read More »
Updating the market Athens listed lottery and gaming systems provider INTRALOT Group reported a 3.8% increase in consolidated revenues to €1.38 billion for its year to date (Q1-Q3 2015 – period ending 30 September) corporate performance. Like many European listed operators, INTRALOT 2015 performance has been impacted by weakening € exchange rate. The firm would report EBITDA earnings of €132 …
Read More »
Greek licensed online betting operator Stoiximan has announced it has secured its biggest marketing partnership to date, by officially announcing that it has become shirt sponsor of Olympiacos FC (Athens). Stoiximan management confirmed that it had agreed a two season shirt sponsorship with Olympiacos FC, its biggest sports marketing deal to date. The bookmaker was unveiled as new shirt sponsor …
Read More »
SBC News Voice of the Sports Betting Industry