Greek gambling and sports betting operator OPAP reported a 19.1% €1.1 billion revenue increase for its Q3 2014 performance (Q3 2013 – €898 milion). The operator was able to secure an improved net profit performance of 25.9% €55.9 million (2013 Q3 €44.4 million). The operator stated that its increase in revenues and profit performance had been driven by improved player …
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bwin.party sees improved betting performance, as other verticals decline
European igaming operator bwin.party reported increased revenues of 2% for its Q3 2014 performance. During the period ending 30 September, bwin.party recorded increased total revenues of €148.7 million (£118.5 million) up from 2013: €145.7 million. Sports betting proved to be bwin.party’s leading vertical generating an 11% increase in net revenues of €58.8 million (£46.7 million) up from 2013: €52.9 million. …
Read More »RGA – Greece must open market
At the Greek Gaming Conference 2014 today the RGA will outline its concerns about the Greek online gambling regime and will make the case instead for the introduction of an open, regulated and fairly taxed market that would be to the benefit of both the Government and Greek consumers. The Remote Gambling Association (“the RGA”) has consistently stated that the …
Read More »OPAP wins Greek horse racing tender
Greek state gaming and sports betting monopoly OPAP, has won the rights to operator horse racing betting in Greece. The decision to award OPAP was undertaken by the Hellenic Republic Asset Development Fund (HRADF), after it had opened Greek Horse Racing to a competitive tender. Greek news reports have stated that OPAP, had won the tender by submitting an offer …
Read More »OPAP posts better than expected results for Q2 2014
Greek state owned gambling operator OPAP reported improved results in the second quarter of 2014. OPAP saw gaming revenues climb 8% to €947.3 million, as the operator posted an increase in EBITDA earnings of 50% to €68.6 million. The Greek operator, beat market forecasts which had expected a downturn in gaming revenues for OPAP. However OPAP’s net profit dropped 44.5 …
Read More »Bwin sportsbook picks up the slack
Bwin.party has reported a mixed quarter, with sportsbook performance filling in for a drop in poker and casino business. The company revealed that, since the end of June, volumes and gross win margins from the FIFA World Cup have been strong and overall the tournament performance has been in-line with management’s expectations Bwin’s sports betting operation in Italy became the …
Read More »Greek media groups join Oddslife network
While Greek football fans may have their attention focused on Brazil and the national team’s performance, closer to home three of the country’s biggest media brands have been making plans for the upcoming domestic season. A massive multi-media partnership between satellite TV broadcaster Novasports,gr, radio owner NOVASport-FM 94,6, sports newspaper SportDay and social betting platform provider Oddslife will see sports …
Read More »INTRALOT signs four year IT contract with OPAP
INTRALOT has announced that it has signed a four-year IT contract with Greek operator OPAP S.A. The company will undertake the implementation of the new Data Centres, will provide hardware and system software, as well as services for the operation, maintenance, technical support and system evolution. The contract includes the provision of the use of the hardware and system software of Data …
Read More »INTRALOT awarded ‘Best Multinational Company’ title
INTRALOT has been awarded with the prestigious distinction ‘Best Multinational Company’ during the ‘Diamonds of the Hellenic Economy 2014’ awards’ ceremony organized by STATBANK in Athens. This distinction recognises and rewards INTRALOT’s successful ‘extrovert’ strategy, its commitment to excellence, its robust business growth, as well as its contribution to the Greek Economy. Elias Athanasiou, INTRALOT Group Investors Relations Director, stated: …
Read More »INTRALOT boss recognised by Greek business
INTRALOT Group CEO Constantinos Antonopoulos has been announced ‘Manager of the Year 2013’ at a special ceremony in Athens, in the presence of politicians, prominent public figures, and members of the business community. “Manager of the Year” is an institution that was founded in 2002 by the Hellenic Management Association, in order to honour managers whose vision and outstanding performance …
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