Tag Archives: Cyprus

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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Cyprus seeks EC clearance of reworked national gambling framework

The government of Cyprus has submitted its restructured national gambling regulatory framework, to be reviewed by the European Commission (EC). Cyprus is seeking to modernise its national gambling framework, allowing for new regulations and licensing for both retail and digital betting services. Cyprus had first submitted its ‘Betting Law 2017’ proposal last June to the Commission. The EU had requested …

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Nick Tofiluk departs UKGC to lead The Cyprus National Gaming Commission

The UK Gambling Commission (UKGC) has informed that Executive Director and Regulatory Operations lead Nick Tofiluk has departed the organisation to become the Chief Executive of Cyprus’ National Gaming & Casino Supervision Commission. As a UKGC executive, Tofiluk has led the UK governing body’s regulatory operations since 2007, overseeing the implementation of a number of industry-wide UK mandates, regulations and …

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Expansion seeking BtoBet makes its move in Hungary and Cyprus

BtoBet

BtoBet has built on the success of its appearance at the Entertainment Arena Expo (EAE) by preparing to present at two more Eastern European roadshows in Hungary and Cyprus. Having “tightened the link” with authorities in Romania such as the Association of Gambling Organisers ROMBET, the iGaming and sportsbook software provider is now targeting “farsighted local operators” at two more …

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‘Industry First’…SBTech moves into Cyprus with Winmasters betting platform partnership

Industry platform and software provider SBTech has announced an ‘industry first’ becoming the first sportsbook provisions supplier to enter the regulated Cypriot online betting market in partnership with licensed operator Winmasters. The partnership sees the launch of Winmasters.com.cy online betting portal in both Greek and English languages. SBTech secured its contract, to enter the Cypriot online betting six months ago …

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