Tag Archives: greece

New look Intralot focuses on core business recovery

Intralot SPA has revitalised its strategic mandate to concentrate on the recovery of core business segments having stripped all non-essential assets from its business structure. The Athens-listed technology group detailed that it has completed a ‘year of transformations’ under the guidance of company founder Sokratis Kokkalis, publishing its full-year 2019 results. Tough 2019 trading saw Intralot’s headline ‘licensed operations’ unit record …

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OPAP supports public health networks with direct response programme

OPAP has launched a ‘direct response programme’ which will support public health networks and emergency services in its home markets of Greece and Cyprus. Last week OPAP, the operating firm of the Greek National Lottery confirmed that it had donated 500,000 surgical masks and further emergency equipment to be directly used by Greece’s National Health Service.  The Athens-listed firm detailed …

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OPAP starts new CEO search as Damian Cope ends tenure

The board of Athens-listed OPAP SA has revealed that Damian Cope has chosen to end his tenure as Group Chief Executive, and will depart the company in May. Updating company stakeholders, OPAP said that it has started a succession planning process to find Cope’s leadership replacement. Cope will maintain his position as an OPAP board member, and from 1 June …

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Kokkalis ends INTRALOT CEO tenure transferring control to Christos Dimitriadis

Issuing a market filing, Athens-listed gambling and lottery systems supplier INTRALOT SPA has confirmed that Chairman Sokratis Kokkalis has ended his interim CEO tenure, confirming Christos Dimitriadis as new company leader. Effective immediate, Kokkalis has transferred day-to-day control of INTRALOT ’s executive team to Dimitriadis who takes the position of Group Chief Executive and is further promoted to serve as …

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New look OPAP bolsters its executive management team

Athens-listed Greek gambling group OPAP SA has announced a series of executive C-level appointments to strengthen its commercial development and leadership capacities. Long-term executive Jan Karas has been promoted to the leadership position of Group Chief Commercial Officer (CCO) having previously served as Chief Operations Officer of OPAP’s retail division. Karas retail responsibilities have been transferred to OPAP Group Chief Operations Officer …

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Stoiximan dominates first-ever Betarades Greek Bookmaker Awards

TCB Holdings‘ flagship sportsbook property Stoiximan took home an unprecedented seven awards at the inaugural ‘Betarades – 2020 Greek Bookmaker Awards’. Stoiximan was crowned ‘Best Greek Sportsbook’ by Betarades judges, and also claimed the marquee title of ‘Players Choice’ for best Greek market bookmaker. In 2019, Stockholm-listed industry publisher Better Collective announced that it would be hosting a gala event for …

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Greek Ministry of Finance submits draft legislation to European Commission

The Greek Ministry of Finance has confirmed that online sports betting and other games will be subject to different licences as shown in the draft gambling regulations submitted to the European Commission. The draft legislation comes as the Ministry of Finance seeks to implement further controls on the gambling industry. As confirmed in the legislation, online sports betting licences will …

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INTRALOT expands US leadership through Klironomos promotion

Athens-listed gambling technology group INTRALOT SPA has moved to restructure the leadership of its corporate accounting and auditing units. Updating investors, INTRALOT governance confirms the promotion of current Internal Audit Officer Lampros Klironomos to the executive position of Chief Financial Officer (CFO) of the group’s ‘INTRALOT INC’ US division wagering and lottery systems division. Klironomos has served as group auditing …

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Intralot focuses on group transitions as dire results continue

Athens-listed gambling technology group Intralot SPA has posted a further quarter of negative declines across its core business metrics and KPIs as it continues to focus on a business transformation programme to counter corporate headwinds for its operating markets. Publishing its latest Q3 2019 trading statement (period ending 30 September), Intralot reports a 6% decrease in year-to-date revenues of €555 million …

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Smooth VLT upgrade sees OPAP confident of delivering on all 2019 targets

Athens-listed gambling group OPAP SA is confident it will deliver on its full-year corporate expectations after recording a strong Q3 2019 performance including growth across all core metrics. Continuing to reap the benefits of its VLT and systems upgrade, OPAP maintains year-to-date revenues of €1.173 billion – up 6% on year-to-date (YTD) 2018 comparatives of €1.106 billion. Publishing its latest …

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