Tag Archives: greece

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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SAZKA counts costs of volatile 2020 trading

SAZKA Group said that it will demonstrate the corporate benefits of its transformed group strategy, which saw its enlarged company units interrupted by the unprecedented events of a volatile 2020.   Publishing its full-year 2020 results, SAZKA group recorded ‘consolidated group revenues’ of €2 billion – up 6% on FY2019 corresponding results of €1.9 billion. However, excluding the performance of the …

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Scientific Games ranks as Greece’s top tech workplace

Scientific Games has been recognised as Greece’s best technology workplace, having ranked fifth on the ‘Hellas – Great Place to Work’ corporate employment index.  The Nasdaq technology group jumped-up two spots on the Hellas 2021 employment index, registering as Greek tech’s highest-ranking incumbent. The ‘Great Place to Work’ index is published annually by the Hellas business institute, recognising the companies …

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Algosport makes strong 2021 start through INTRALOT Bet Builder deal

Algosport has made a strong opening to its 2021 commercial activities by becoming the lead Bet Builder software provider to gambling technology and systems supplier INTRALOT SPA. The partnership terms agreed will see all current and future INTRALOT sportsbook customers benefit from Algosport’s Bet Builder product, initially made available for pre-match football markets. Intralot partners will have the ability to …

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Novibet enlists AllSported for racing makeover

Greek betting group Novibet will elevate its horseracing market provisions and risk management capacities by integrating the AllSported trading solution across its entire sportsbook digital portfolio (website and app). The bookmaker has agreed to deploy the AllSported racebook as its lead solution for pricing and the risk management of its horseracing markets.    Launched in 2019, AllSported is the customised global …

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OPAP Q3 bounce back hurt by continued lottery declines

OPAP Q3 bounce back hurt by continued lottery declines

OPAP SA has recorded a stable Q3 2020 trading period, as the Athens-listed gambling group continues to side with caution in steering all operating units ‘towards business normality’.   Publishing its Q3 2020 trading update for the three-month period ending 30 September, OPAP recorded a marginal 0.7% decrease in group revenues to €391 million, driven by the strong comeback of its …

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Intralot taps all cost-saving options to soften Covid blows 

Intralot SPA has updated both investors and the Hellenic Capital Market Commission on further measures taken to reduce the firm’s exposure to COVID-19 impacts, which have hindered the group’s commercial pipeline and financial performance.  As it stands, Intralot estimates that Covid impacts will bear a group-wide EBITDA-level cost of €25-28 million on its full-year 2020 accounts. The Athens listed gambling …

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HGC requires disclosure for key services and personnel

The Hellenic Gaming Commission (HGC) has announced to all legal entities and interested parties that it has begun to accept submissions to register key personnel, suppliers and services for its licensing procedure.  The HGC is allowed to expand its licensing process to cover further applicant information following the European Commission’s approval of amendments and controls submitted by the Greek Ministry …

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Dire H1 sees Intralot record group losses of €43m

Global headwinds continue to mount for Intralot SPA, as its corporate performance is severely impacted by the compound effects of the loss of key technology contracts and COVID-19 constraints recorded across all operating markets. Publishing its H1 2020 interim statement (period ending 30 June), Intralot declared group operating losses (NIATMI)  of €42.9m, up 39% on corresponding H1 2019’s €31m. Recording …

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OPAP delivers on Athens children’s hospital CSR projects

OPAP has completed a major corporate social responsibility initiative after announcing the renovation of Athens’ Aghia Sofia children’s general hospital.  The modernisation of Aghia Sofia’s children’s ward was first announced as a core CSR project by OPAP in 2018, with the betting group taking full responsibility for the funding of the renovation of Athens largest paediatric unit from Athens municipal …

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