OPAP SA cites confidence in achieving all corporate and commercial objectives for 2024. Publishing its H1 2024 consolidated accounts, the Athens-listed gambling group achieved a 5.5% increase in gross gaming revenues (GGR) to €1.08bn (H1 2023: €1.02bn). Leadership noted that OPAP continues to benefit from its enlarged digital profile, as online units account for 30% of total H1 GGR. Period …
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OPAP SA is now the exclusive provider of games of chance in the Republic of Cyprus. The Athens-listed gambling group announced that its OPAP Cyprus subsidiary has signed an exclusive concession agreement to conduct and manage designated games of chance for the government of Cyprus. This agreement is part of the strategic alignment with Cyprus’ Law on Designated Games of …
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One of the biggest decisions a business can make before even considering a product launch is where to base itself. Establishing a base determines the level of access to talent a business can attract as well as have implications on taxation and wider economic factors. While igaming has found several global hubs such as Malta and Gibraltar, a nation that …
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Racecourse Media Group (RMG) has partnered with Cypriot betting brand Nicosia Race Club (NRC) to integrate BoscaSports’ betting display platform across the operator’s retail estate. The digital screens will be used to distribute RMG’s ‘premium’ racing content to NRC’s customers in Cyprus, covering meetings from prominent UK racecourses such as Epson, Newmarket, York and Goodwood via the Racing TVi service. …
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Kansspelautoriteit (KSA) – The Netherlands gambling authority has issued a cease-and-desist order to Cyprus-based online casino multi-brand operator Gammix Limited. KSA has accused Gammix of breaching KOA market rules, as the unlicensed operator is deemed to have offered ‘illegal online games of chance’ to Dutch consumers. Gammix that operates a portfolio of 15 online casino brands including Rigged.com, Zinkra, Touch …
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OPAP SA has notified investors that it has divested its ‘minority interest’ in Betano, the Pan-European sportsbook subsidiary of Kaizen Gaming. Issuing a market filing, the Athens-listed gambling group disclosed that it had sold its 36.75% stake in Betano to Rubidium Holding – a fully owned ‘indirect’ investment vehicle of Allwyn Entertainment. Deal terms will see OPAP receive an upfront …
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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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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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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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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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