Tag Archives: greece

The Hellenic Parliament is expected to pass a series of gambling amendments related to VLTs provisions and land-based casino licensing. Last October, Greek news sources reported that the Syriza government had tabled new reforms on industry taxes, licensing arrangements and games provisions, in order to make its national market more attractive to foreign operators. Parliament further seeks to amend existing …

Publishing its Q3 2017 trading update (period ending 30 September), Greek gambling group OPAP has detailed strong gains in its betting products and video lottery terminals (VLTs) as the firm homes in on full-year corporate targets and expectations. Updating the market, OPAP would detail group gross gaming revenues of €357 million up 12% on corresponding Q3 2016’s €319 million. Improved …

Greek news source Ekathimerini has reported that the Syriza government may seek to reform industry taxes on casino gambling in order to make its national market more attractive to foreign companies. The Greek government may move to present new legislation to the Economic Ministry aimed at propelling Greece’s casino sector, by creating conditions attractive to international players willing to invest …

Playtech Plc sports betting division Playtech BGT (PBS) has detailed that it has begun its rollout of software and systems provisions of Self-Service Betting Terminals (SSBTs) for OPAP, Greece’s largest betting/gambling operator. Having secured its OPAP partnership in February of this year, PBS acts as the exclusive supplier of SSBTs provisions for the operator which currently services + 4,500 betting …

Industry platform and software provider SBTech has announced an ‘industry first’ becoming the first sportsbook provisions supplier to enter the regulated Cypriot online betting market in partnership with licensed operator Winmasters. The partnership sees the launch of Winmasters.com.cy online betting portal in both Greek and English languages. SBTech secured its contract, to enter the Cypriot online betting six months ago …

Athens-listed lottery and gambling systems provider Intralot SA has set out its mandate for continued international expansion following the firm’s annual general meeting. Detailing expansion beyond its home market of Greece, company Chairman Sokratis Kokkalis has pointed to the continued US market expansion where Intralot currently services 12 states with 600 employees. Furthermore, Kokkalis detailed to investors the firm’s positive …

Athens-listed Lottery and gambling systems provider Intralot SA has confirmed the appointment of John R Donahue as Chief Executive Officer of its USA Division. A thirty-year lottery and gaming veteran Donohue joins Intralot from competitor Scientific Games, where he acted as Managing Director of International Systems. Donohue has further held leadership positions at IGT and Sirius Gaming. As MD of …

Publishing its full-year 2016 financial results, Athens-listed gambling and lottery systems provider Intralot Group has stated that its operations are beginning to ‘reap the rewards of its business transformation’. Presenting its full-year 2016 breakdown, Intralot governance would report a 7% increase in group revenues to €1.32 billion (FY 2015: €1.25 billion). The firm states that its revenue capabilities have been …

Presenting its full-year 2016 results, Greek gambling operator OPAP details that its financial performance has been impacted by higher tax charges combined with a higher operational outlay as the firm prepares for significant operational changes in 2017 While OPAP sustained total group wagering at €4.2 billion and group gross gaming revenues at €1.39 billion, the firm’s earnings and profit metrics would …

Greek gambling operator OPAP, will speed up its internal investment plans having secured a €200 million bond issue, through Greek and foreign investors.  The bond will provide the company with the funds needed to carry out its ambitious video lottery terminals (VLT) expansion and upgrade its lottery and gambling networks. OPAP governance detailed that its gained investment would be split into …