Tag Archives: Cyprus

Parimatch rebrands corporate identity to Parimatch Tech

Leading CIS betting group Parimatch has rebranded its corporate identity to ‘Parimatch Tech’ to better reflect the firm’s strategic vision as a multi-market, proprietary-built sports betting incumbent.  The corporate rebrand conveys Parimatch Tech’s 27-year journey, transitioning from a single betting shop to a pioneering tech-first betting enterprise maintaining a global footprint within the Ukraine, Cyprus, UK, Kazakhstan, Belarus, Tajikistan, Tanzania, …

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OKTO.CASH provides new physical-to-digital top-ups for Parimatch players in Cyprus

OKTO.CASH

Parimatch players in Cyprus can now make use of OKTO.CASH, a new physical-to-digital payment method allowing them to top-up their online gaming account with cash. OKTO.CASH from leading fintech firm OKTO is an in-app payment method designed to deliver a seamless experience throughout the top-up process, with funds accessible to players in real-time without exiting the gaming app or site.  …

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Cypriot football seeks betting levy for development programmes

The Cypriot Parliament has begun discussions on amending the nation’s ‘Sports Betting Law’ for the purpose of benefiting all-levels of Cypriot football development. At a meeting attended by the Pancyprian Footballers Association (PASP), MPs debated utilising a ‘percentage of all tax revenue generated from betting to support, educate and medically treat footballers across all levels in Cyprus’. The proposed amendment …

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Greek retail closures rock OPAP Q1 performance

OPAP SA has disclosed double-digit declines across all core operating metrics as a result of closing its entire retail network (betting shops, gaming venues and lottery stalls) following Coronavirus restrictions enforced across Greece and Cyprus. Publishing its Q1 2020 results, OPAP recorded group revenues of €328m down 17% on corresponding 2019’s €396m, as the Athens-listed gambling group disclosed that first-quarter …

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OPAP supports public health networks with direct response programme

OPAP has launched a ‘direct response programme’ which will support public health networks and emergency services in its home markets of Greece and Cyprus. Last week OPAP, the operating firm of the Greek National Lottery confirmed that it had donated 500,000 surgical masks and further emergency equipment to be directly used by Greece’s National Health Service.  The Athens-listed firm detailed …

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Cyprus bookmakers report 14% drop in GGR for Q2

Publishing its quarterly report for the second quarter of the year, the National Betting Authority of Cyprus has revealed a 14% drop in gross gaming revenue (GGR) for Class A (retail) and Class B (online) licensees.  The report, which includes the publication of the financial results and quantitative data for the period April – June 2019, noted a tough trading …

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6 of the Best – Gamban’s Jack Symons

Blonk 6OTB

This week’s 6 of the Best comes from Jack Symons, Co-Founder and Director at Gamban. In the latest edition we discover which Matt Damon hit is a particular favourite, have a different take on a musical answer and find out which dominant sporting side was a joy to behold. Best Holiday I’ve been lucky enough to travel a lot of the world [I’m …

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Winning Post – Online regulation gets up and running in Sweden

Regulus Partners, the strategic consultancy focused on international gambling and related industries, takes a look at some key developments for the gambling industry in its ‘Winning Post’ column. Italy: gambling duties – felice anno nuovo? The Italian government ended 2018 with further material tax rises for its commercial betting and gaming sectors. In the machine sector, AWP and VLT duties will …

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Greek OPAP makes 50m euro stake in Stoiximan & Betano brands

Athens-listed  Greek gambling group OPAP has swooped to acquire a 36.75% stake in the holding company of Stoiximan Group, TCB Holdings Ltd for a consideration of €50 million. TCB operates online gaming services under its Stoiximan brand in Greece and Cyprus, and uses its Betano brand in Romania and Germany. In 2017, Stoiximan Group had revenues of 136 million euro and …

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Betfair – Cyprus’ ‘fuego’ brings fire & fury to Eurovision 2018 trading

The final week of pre-event trading for Eurovision 2018 (Lisbon 12 May), has seen Betfair place Cyprus’ Eleni Foureira’s ‘Feugo’ as 11/10 market favourite to win the 63rd edition of the Pan-European song contest. Eleni Foureira’s ‘Feugo’ has flipped-the-script on Eurovision 2018 trading, as the Cypriot entry was 100/1, just ten days ago. However, Betfair details that Eurovision punters have …

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