Tag Archives: greece

‘Industry First’…SBTech moves into Cyprus with Winmasters betting platform partnership

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 …

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Sokratis Kokkalis – Intralot governance eyeing US & Turkey opportunities

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 …

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Intralot confirms appointment of John R Donahue as USA MD

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 …

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Business transformation bears fruit for Intralot Group in 2016

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 …

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Year of adjustments sees OPAP financials impacted by higher taxes and infrastructure costs

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 …

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OPAP Greece speeds up infrastructure plan with €200 million bond issue

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 …

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Intralot forms omni-channel focused strategic partnership with Amelco sports betting

Global lottery and gambling systems provider Intralot has formed a strategic partnership with sportsbook trading software supplier Amelco to develop a string of new omni-channel products. The innovation-led partnership will see Athens-listed Intralot co-develop new omni-channel sports betting products/services utilising Amelco ATS platform modules. Announcing the partnership, Intralot governance stated that the strategic partnership was needed in order to fulfil …

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Playtech BGT signs three-year terminal & OTC agreement with Greek OPAP

Updating the market, FTSE-listed gambling technology provider Playtech PLC (Playtech) has informed its investors that it has secured a three-year services agreement with Greek gambling operator OPAP. Securing its contract under its new division Playtech BGT, the technology firm will become lead supplier of self-service betting terminals (“SSBTs”) and over-the-counter (OTC) provisions for OPAP, the Greek market’s largest gambling operator. …

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Interwetten eyes European ‘Top 5’ slot following remarkable 2016

The board of European sports betting operator Interwetten has labelled 2016 as a ‘remarkable year’ for its business and operations, as the company eyes aggressive future growth within its new and established markets. Presenting its full-year trading results, Interwetten governance detailed that group wagering turnover had increased by 29% to €1.2 billion as the company outperformed its expected 2016 performance …

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New product & project delivery aids Intralot 2016 revenues, but investment hinders group earnings

Presenting its Q3 2016 trading update (period ending 30 September), the governance of Athens-listed gambling systems provider Intralot has stated that the company is beginning to reap the benefit of its new products and projects. Intralot governance pointed to the firm’s marked improvement in group turnover, which had seen it post a 16% increase in Q3 2016 revenues to €320 …

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