Tag Archives: greece

GVC issues betting activity warning over Greece

Having announced record corporate revenues in its H1 2015 trading update of + €800 million, sports betting group GVC Holdings issued an activity warning regarding its Greek market operations. GVC which has a Greek market presence through its partnership with Centric Multimedia SA, stated that following imposed government controls of monetary restrictions on movements of funds within Greece, its operations …

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Ladbrokes political market favours Brexit

Ladbrokes has surprised political commentators by announcing that the UK is more likely to leave the European Union than Greece. The bookmaker has placed Greece at 2/5 to remain a Eurozone member in 2015, while cutting the odds on a ‘Brexit’ from 7/2 to 3/1. Following last Sunday’s Greek Euro Referendum which saw the beleaguered nation vote NO to further …

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Bookmakers fail to call Greek Euro Referendum

2015 has not been kind to UK bookmaker’s ambitions to be the best political indicator, as for the second time this year betting markets have failed to call a political outcome correctly. Last week UK bookmakers favoured a YES verdict on Sunday’s Greek referendum. A confident Paddy Power who had offered 2/7 for a Greek Yes, announced that it paid …

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Paddy Power pays out on Grexit market

Ahead of this Sunday’s Greek Euro Austerity Referendum, Paddy Power has announced that it has “paid out five figures” on Greece staying in the Eurozone. The Irish bookmaker revealed that it had recorded 85% of wagers on its ‘Grexit’ market favouring Greece staying put in the Euro region. Paddy Power is set pay out winnings to punters three days ahead …

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William Hill re-opens Grexit market

As Greece and the EU enter final debt crisis deadlock talks, William Hill has re-opened its market on whether the country will leave the Euro Zone by the end of 2015. Entering a critical 24 hour period, Greece Prime Minister Alexis Tsipras has set out new proposals to try and prevent Greece’s default on a €1.6 billion IMF loan. Greece …

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Intralot Chairman Socrates Kokkalis aims to set Greek National Lottery agenda

Intralot Group Chairman Socrates Kokkalis is preparing to spearhead the creation of the Greek National Lottery. Intralot confirmed that Kokkalis had submitted a business proposal to the Hellenic Minister of Finance Yanis Varoufakis. Addressing the Intralot Group Annual General Meeting (AGM) Kokkalis has outlined that the Greek National Lottery should be owned by the State but operated by a private …

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Development focus for Openbet Hellas S.A.

OpenBet, leading software provider to the sports betting and gaming industry, has significantly expanded its global presence through the acquisition of its previously outsourced Greek operation from Athens Technology Center S.A (ATC). The acquisition initially increases headcount at OpenBet by 25%, with the additional employees focused on development. It will allow the business to continue to improve its ability to …

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William Hill suspends Greek EURO exit market

The subject of Greece and its fiscal status will dominate this week’s European Union Finance Ministers counsel in Riga (Latvia). EU member states fear that the country is on verge of a further default following last week’s appeal for a further extension from the International Monetary Fund (IMF) for its next debt payment. Greece who are led by the recently …

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Scientific Games secures OPAP VLT partnership

OPAP Q3 bounce back hurt by continued lottery declines

Scientific Games Corporation has announced that it has signed a contract to provide OPAP S.A. with 5,000 video lottery terminals (VLT) pursuant to OPAP’s 10-year license to operate a network of 16,500 VLTs across the country. Deployment is expected to begin in spring 2015 and conclude by the end of the year. “We are proud to be chosen as one …

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Greece – Syriza targets online gambling for additional tax revenues

The Financial Times, has leaked a letter from Greece’s far left governing party Syriza to Jeroen Dijsselbloem Head of European Union financial interstate body Eurogroup, outlining potential reform proposals for Greek tax revenues. The letter composed by Syriza Finance Minister Yanis Varoufakis proposes seven reforms which have been considered, as the country’s new government seeks to meet conditions for its …

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