OPAP SA trades with confidence in achieving its “upper-end financial outlook” for the year, targeting over €2.2bn in gross gaming revenues (GGR) and an EBITDA of €770m. Confidence in meeting these targets is underpinned by the Athens-listed gambling group’s improved retail results, combined with online growth continuing to surpass expectations. Year-to-date (YTD) accounts (up to 30 September) show group GGR …
Read More »Tag Archives: greece
OPAP hunts new Chairman as Ziegler’s retires unexpectedly
The board of OPAP SA has initiated a search for a new chairman following the immediate resignation of Kamil Ziegler. Yesterday, OPAP informed investors that Ziegler had stood down as Chairman of the Athens-listed gambling group and operator of the Greek national lottery. Intermediate plans will see Jan Karas take on the dual responsibilities of Group CEO and Chairman of …
Read More »OPAP nets positive H1 results via deeper online GGR contribution
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 …
Read More »Intralot nets retail systems extensions for PLI & TOTO NL
Intralot SA has announced the extension of two key European contracts for the Athens-listed gambling and lottery technology group. In the Netherlands, the Intralot Benelux subsidiary has secured a three-year extension as the principal retail wagering systems supplier for TOTO NL, the flagship sportsbook brand of Nederlandse Loterij BV. This three-year contract renewal will enable Intralot to continue providing TOTO …
Read More »Nikos Olympitis on Kingbet Media’s Rise and Future Expansion Plans
As the gaming industry looks forward to the SBC Summit in Lisbon this September, we had the opportunity to catch up with Nikos Olympitis, the CEO and Co-Founder of Kingbet Media. With over two decades of leadership, Olympitis has played a pivotal role in establishing his company as a dominant force, particularly in the Greek market. In this interview, Olympitis …
Read More »OPAP nets exclusive games of chance concession for Cyprus
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 …
Read More »Allwyn nets solid Q1 as lottery group vows to improve UK results
Allwyn International has vowed to improve the financial performance of its Allwyn UK subsidiary, having officially taken on the duties of operating steward of the National Lottery. In its Q1 trading update, Allwyn International reported that its global lottery brands achieved combined ‘unaudited revenues’ of €2bn-to-€2.05bn. This marks Allwyn’s first €2bn revenue quarter (Q1 2023: €1.59bn), mainly due to the …
Read More »Kaizen and BVGroup partner to launch Betano as new UK challenger
Kaizen Gaming has announced that it will launch its flagship Betano brand in the UK market in partnership with BVGroup. Betano’s imminent UK launch is deemed the “latest milestone for the sportsbook, solidifying its global brand presence as the Official Sponsor of both UEFA Euro 2024 and the CONMEBOL Copa America 2024”. As the pan-international brand of Greek online gambling …
Read More »Allwyn maintains Euro growth as focus turns to revitalising National Lottery sales
Allwyn International has marked 2023 as a transformative year for its business, which will now focus on revitalising the performance and sales of the UK National Lottery. Upon publishing its unaudited full-year 2023 accounts, the company saw its corporate revenues double to €7.87bn. The year’s accounts detailed that National Lottery sales accounted for a revenue contribution of €3.9bn, down 4% …
Read More »Novibet new market growth led by Greek Power & Intelligence…
Novibet’s tech and product leadership team of Lambros Sialmas (COO) and Sotiris Haritos (CTO) have provided SBC an exclusive insight into the pan-European igaming group’s growth strategy driven by the fundamental pillars of consolidating leadership positions, enhancing product offerings and customer experience and maximising operational efficiencies. To Novibet’s advantage, its strategy leverages its ‘Greek-engineered’ GameTech platform to export domestic success …
Read More »