Tag Archives: greece

Paddy Power Betfair challenges €55 million tax whammy

FTSE100 betting group Paddy Power Betfair (PPB) has confirmed that it will appeal its €55 million European tax charge imposed by the authorities of Germany and Greece. The first charge of €40 million relates to Germany’s Hessen Fiscal Court rejecting PPB’s 2012 Betfair Exchange tax assessment. The Hessen Court supports the German tax authority’s backdated review of Betfair Exchange transactions …

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Better Collective Spotlight – Betarades’ five ways to boost YouTube performance

YouTube Betarades

An established provider of free betting tips and valuable sports information, all created by a team of talented journalists, Betarades – part of the growing stable of Better Collective brands – has taken its output to the next level by converting some of the content into video. For the latest instalment in the Better Collective Spotlight series, the Greek firm’s …

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Greek EEEP give clarity on responsibility code but Hellas remains an unattractive prospect

The Greek Gambling Commission (EEEP) has issued a ‘quick-fire’ response to its new draft laws on online gambling, giving national stakeholders just 10-days (deadline 25 January) to review and respond to its propositions. The EEEP is reported to have added a number of amendments and provisions to the Finance Ministry’s co-developed Greek online gambling framework, initially proposed last 11 September. …

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INTRALOT appoints ‘partnership pro’ Fernando Ors Villarejo as US sports betting lead

Athens-listed gambling and lottery systems provider INTRALOT SA has this morning confirmed the appointment of Fernando Ors Villarejo as new President of Sports Betting at INTRALOT Inc – the firm’s North American division. A twenty-year industry veteran, Villarejo joins INTRALOT’s US executive from Bolsa Madrid gambling firm Grupo Codere, where he led new market initiatives as joint Chief Development and …

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VLT upgrades see Greek OPAP ride out tough Q3 trading

Publishing its latest Q3 2018 trading statement, Athens-listed lottery and gambling group OPAP SA reports growth despite being impacted by unfavourable sporting results alongside Greek macroeconomic adjustments. An enhanced OPAP group withstands declines in 2018 wagering activities, as the firm maintains a positive gross-gaming-revenue (GGR) contribution of Q3 2018 – €369 million (+3.2%) running alongside a year-to-date GGR of €1.106 …

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Greek OPAP focuses on ‘future generations’ through legacy Athens Marathon sponsorship

Greek lottery and betting operator OPAP has outlined its social responsibility and fundraising initiatives, acting as the lead sponsor of the 36th ‘Athens Authentic Marathon’ (11 November 2018). Continuing its Athens Marathon legacy sponsorship, OPAP states that its underlining corporate vision is to ‘enhance Greek communities for the benefit of future generations’. Updating its stakeholders, OPAP governance has outlined three …

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Greek OPAP makes 50m euro stake in Stoiximan & Betano brands

Athens-listed  Greek gambling group OPAP has swooped to acquire a 36.75% stake in the holding company of Stoiximan Group, TCB Holdings Ltd for a consideration of €50 million. TCB operates online gaming services under its Stoiximan brand in Greece and Cyprus, and uses its Betano brand in Romania and Germany. In 2017, Stoiximan Group had revenues of 136 million euro and …

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OPAP points to a bright future with terminal upgrades & Hellas pick-up

Publishing its 2018 interim results (period ending 30 June), Athens-listed gambling operator OPAP details strong progress on its ‘2020 corporate vision‘ as the company begins to benefit from its systems and network upgrades. Entering 2018, OPAP would undertake a group-wide overhaul of legacy systems and terminals in partnership with industry technology group Playtech Plc. In its update, OPAP governance details …

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Greece proposes ‘underwhelming’ online gambling framework

Greek Finance Minister Euclid Tsakalotos has presented the initial framework for the nation’s new online gambling licensing regime, seeking to continue the overhaul of Greek-wide industry regulations. Since 2011, The Greek government has allowed 24 operators to operate online gambling services, sanctioned through ‘transitional permits’. The Ministry of Finance will allow these operators first right to secure its revamped online …

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Intralot secures one-year extension of Iddaa Turkey contract

Athens-listed gambling and lottery systems provider Intralot SPA has confirmed that its Turkish subsidiary INTELTEK will continue to act as lead ‘operations and technical support partner’ of Iddaa betting shop/points. Issuing a short market update, Intralot confirms that Turkish state-owned gambling enterprise SporToto has agreed to extend its Iddaa technology agreement with INTELTEK for a further year, commencing 29 August …

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