Tag Archives: greece

Betsson rewards investors €89m dividends to celebrate Jubilee 2023 results 

Betsson AB CEO Pontus Lindwall

Betsson AB has proclaimed a second successive year of record-breaking financial results and KPIs as it celebrates its 60th year in business. Publishing its full-year 2023 results this morning, the Stockholm-listed gambling group’s corporate revenues stood at €948m, up 22% on FY2022 results of €777m. Year trading saw the firm register a 60% increase in EBITDA to €262m (FY2022: €173m) …

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Thanos Marinos: Building Betsson in the ‘still shaping’ Greek market

Betsson looks to redefine focus of sportsbook marketing in latest campaign

Three years into the introduction of permanent licences by the Hellenic Gaming Commission (HGC), the Greek gaming industry is fast growing but is still being shaped, both by regulation and the operators active within it. Providing this overview of the sector from Betsson’s position of leadership for edition 26 of the SBC Leaders Magazine, the company’s Managing Director for Greece, …

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Styliana Kalogreadou: Motivational Engineering – much more than a buzzword for Soft2Bet

SBC News Styliana Kalogreadou: Motivational Engineering - much more than a buzzword for Soft2Bet

Gamification, or Motivational Engineering as it’s known at Soft2Bet, may well make it into the top five phrases for the gambling industry in 2023. And as gaming providers look for new and innovative ways to engage with players, it’s only going to become even more popular in 2024. But how many gaming companies can honestly say they’re ‘getting it right’ …

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OpenBet facilitates next gen of OPAP’s retail betting offering

SBC News OpenBet facilitates next gen of OPAP’s retail betting offering

OpenBet has extended its long-term partnership with Greek gambling operator OPAP to deliver an enhanced retail betting experience.  Under the new framework, OpenBet’s technology platform and products are leveraged across OPAP’s retail estate.  Jordan Levin, Group CEO of OpenBet, commented: “We’re proud to have facilitated the next generation of OPAP’s retail betting offering, particularly so soon after the success of …

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OPAP stands by online growth to meet 2023 targets 

SBC News OPAP stands by online growth to meet 2023 targets 

OPAP SA remains confident in achieving its full-year 2023 financial targets despite its business units enduring a difficult Q3 trading period. In its latest quarterly update, the Athens-listed gaming group reported year-to-date revenues of €1.50bn, marking an 8% increase from the previous year’s €1.39bn. However, OPAP’s commercial momentum experienced a slowdown in Q3, with a 3.5% decline in Gross Gaming …

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Hellenic Gaming Commission raises concerns over black market

SBC News Hellenic Gaming Commission raises concerns over black market

The President of the Hellenic Gaming Commission (EEEC), Dimitris Dzanatos, has warned of the dangers posed by black market operators to the regulated Greek gambling sector. Black market betting companies have been a major talking point across Europe lately with regards to gambling regulation, against a backdrop which has seen many countries initiate legislative changes affecting the industry. Speaking at …

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Novibet appoints Al Alevizakos as CFO ahead on LatAm expansion 

SBC News Novibet appoints Al Alevizakos as CFO ahead on LatAm expansion 

Novibet has confirmed the appointment of Al Alevizakos as Chief Financial Officer (CFO) of the pan-European online gambling group, with immediate effect.  An expert in corporate finance, auditing and the financial planning of mass market enterprises, Alevizakos joins Novibet’s C-level team from Athens private equity group AXIA Ventures, where he formerly served as Managing Director (2020-2022).   A seasoned executive within …

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Betsson becomes title sponsor of Greece’s AEK BC in expanded deal

SBC News Betsson becomes title sponsor of Greece’s AEK BC in expanded deal

Betsson has extended its sponsorship of Greek Basketball League team, AEK BC, in a further expansion of its sports marketing efforts in the country.  As the collaboration enters its third consecutive season, the Nasdaq-listed online gambling company will remain on the front of the team’s kit as the club marks 100 years of activity. Significantly, AEK BC has also revealed …

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OPAP to challenge €24.5m fine on abuse of Greek competition laws

SBC News OPAP to challenge €24.5m fine on abuse of Greek competition laws

OPAP has vowed to challenge a €24.5m fine imposed on its business for violating the competition terms of Greece and the European Union (EU). The fine was imposed by the Hellenic Gaming Commission (HGC) siding with a challenge made against OPAP, which deemed that the Athens-listed gambling group had violated rules applied by Greece and the EU on fair competition …

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Allwyn ready for UK landing backed by solid Q2 trading

SBC News Allwyn ready for UK landing backed by solid Q2 trading

Allwyn International cites confidence in achieving its full-year 2023 corporate objectives as group subsidiaries (legacy and acquired) maintain ‘organic growth’.  Publishing its Q2 ‘preliminary results’, an enlarged Allwyn sees its lottery portfolio generate consolidated revenues of €2bn for the first time and adjusted EBITDA of €381m (+35%). Headline growth reflects a 115% year-on-year increase, primarily driven by the recent acquisition …

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