Tag Archives: greece

Novibet unveils new leadership and board make-up as Artemis SPAC merger looms

SBC News Novibet unveils new leadership and board make-up as Artemis SPAC merger looms

Novibet has notified investors of the composition of its executive leadership team and board of directors, should its planned merger with SPAC partner Artemis Strategic Investment Corporation (Artemis) reach fruition.  Declared on 30 March, the Greek online gambling group had secured a strategic arrangement to merge with Artemis, a SPAC vehicle that plans to list Novibet on the Global Nasdaq …

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GLMS signs up 3 new associate members in fight against sports corruption

SBC News GLMS signs up 3 new associate members in fight against sports corruption

The Global Lottery Monitoring System (GLMS) has added three new associate members in its fight against manipulation in sports betting. Following the launch of its updated statutes in September 2020, which permitted associate membership “to all entities engaged in enhancing sports integrity”, the CSCF Foundation for Sport Integrity, the Hungarian Supervisory Authority for Regulatory Affairs (SARA) and the Greek National Platform for Sports Integrity (EPATHLA) have all …

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Greece lifts €2 cap on online casino wagers 

SBC News Greece lifts €2 cap on online casino wagers 

The Greek government has confirmed that it will ease player wagering restrictions on online casino and poker verticals.  Positive developments for market incumbents will see the government increase its €2 maximum wager on online casino (slots and table games) to €20. Announced by the Hellas government gazette, the increase on maximum wagers will be instantly effective from May 2022 onwards …

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OPAP offloads Betano stake to Allwyn investment vehicle

SBC News OPAP offloads Betano stake to Allwyn investment vehicle

OPAP SA has notified investors that it has divested its ‘minority interest’ in Betano, the Pan-European sportsbook subsidiary of Kaizen Gaming.  Issuing a market filing, the Athens-listed gambling group disclosed that it had sold its 36.75% stake in Betano to Rubidium Holding – a fully owned ‘indirect’ investment vehicle of Allwyn Entertainment. Deal terms will see OPAP receive an upfront …

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Intralot returns to black as Kokkalis transformation bears fruit 

SBC News Intralot returns to black as Kokkalis transformation bears fruit 

Intralot SA has branded 2021 as a breakthrough year for its business, as the Athens-listed gambling technology group accomplished its structural reorganizational directive, that secured financial benefits beyond previous expectations.  Publishing its full-year 2021 financial report, Intralot declared a group underlying EBITDA of €110 million up 67% on comparative FY2020’s results of €66 million. Group earnings were bolstered by a …

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Kaizen hires Stella Voulgaraki to lead Euro recruitment drive 

SBC News Kaizen hires Stella Voulgaraki to lead Euro recruitment drive 

Kaizen Gaming, the operating company of Stoiximan and Betano sportsbook brands, has confirmed the appointment of Stella Voulgaraki as Chief People Officer (CPO). An expert in developing human resources and talent development disciplines for tech-led businesses, Voulgaraki joins Kaizen Gaming’s senior executive leadership from pan-European IT conglomerate NetCompany IntraSoft. Voulgaraki was marked as a key C-level hire, who will work …

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OPAP nets 26% profit jump as units return to full strength

SBC News OPAP nets 26% profit jump as units return to full strength

OPAP SA has hailed its full-unit business recovery, as the company records a strong end of year performance to offset early 2021 COVID-19 headwinds. Publishing its full-year 2021 results, the Athens-listed gambling group reported corporate revenues of €1.58 billion, up 36% on FY2020 results of €1.13 billion.  Headline growth was attributed to the full-strength return of its lottery unit during …

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OPAP nets Gold Sponsorship of Greek Basketball 

SBC News OPAP nets Gold Sponsorship of Greek Basketball 

OPAP SA, the operator of the Greek national lottery and retail sportsbook franchises, has become the principal sponsor of the Hellenic Basketball Federation (EEC).  At a press conference hosted at the Athens Olympic Gymnasium, OPAP was announced as the ‘Gold Sponsor’ of EEC Greek men’s and Women’s basketball teams.  The partnership will span a period of 3-years and will see …

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Novibet exits UK marketplace surrendering UKGC licence

SBC News Novibet exits UK marketplace surrendering UKGC licence

Novibet has surrendered its UK licence with immediate effect, after the betting and gaming firm officially informed customers that it would no longer be operational within the region. The Greek betting group entered the jurisdiction with licenses for real event betting and igaming, which includes poker, roulette, blackjack and other casino games, on November 1, 2014. Subsequently, a remote gambling software …

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Novibet onboards Giannis Papastamou as Head of Customer Compliance

SBC News Novibet onboards Giannis Papastamou as Head of Customer Compliance

Novibet has announced the appointment of Giannis Papastamou as new Head of Customer Compliance, responsible for providing strategic guidance on compliance throughout the organization, with a dedicated focus on anti-money laundering (ΑΜL) & upholding responsible gambling standards. With in-depth knowledge of the gambling industry’s strict regulations – previously at Bet365 Customer Due Diligence Department- Papastamou brings  many years of experience …

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