Global headwinds continue to mount for Intralot SPA, as its corporate performance is severely impacted by the compound effects of the loss of key technology contracts and COVID-19 constraints recorded across all operating markets. Publishing its H1 2020 interim statement (period ending 30 June), Intralot declared group operating losses (NIATMI) of €42.9m, up 39% on corresponding H1 2019’s €31m. Recording …
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OPAP has completed a major corporate social responsibility initiative after announcing the renovation of Athens’ Aghia Sofia children’s general hospital. The modernisation of Aghia Sofia’s children’s ward was first announced as a core CSR project by OPAP in 2018, with the betting group taking full responsibility for the funding of the renovation of Athens largest paediatric unit from Athens municipal …
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OPAP SA has disclosed double-digit declines across all core operating metrics as a result of closing its entire retail network (betting shops, gaming venues and lottery stalls) following Coronavirus restrictions enforced across Greece and Cyprus. Publishing its Q1 2020 results, OPAP recorded group revenues of €328m down 17% on corresponding 2019’s €396m, as the Athens-listed gambling group disclosed that first-quarter …
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Athens-listed gambling group OPAP SA has returned to full operational capacity after reopening its ‘PLAY’ gaming hall venues across Greece. OPAP has reopened its gaming venues following last week’s approval by the Greek government to allow all leisure enterprises (hotels, restaurants, entertainment venues, etc) to return to business after it eased COVID-19 lockdown restrictions. The decision has allowed OPAP to …
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Intralot SPA has detailed a troubled start to 2020 trading, noting steep declines across all core operating metrics and divisions, as its corporate recovery programme has been impeded by multiple novel headwinds. Publishing its Q1 2020 results, the Athens-listed gambling technology and lottery systems provider saw group turnover decline by 47% to €102m (Q12019: €193m). The €90m turnover decline is …
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The annual ‘Hellas – Great Place to Work’ index has ranked SG Digital among Greece’s top technology and digital sector employers. Ranking seventh in the overall company index, SG Digital was recognised for developing ‘excellent workplace learning environments’ and supporting all levels of its workforce with ‘effective talent management’ programmes and resources. Scientific Games’ digital unit was joined in the …
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Leading Greek online bookmaker Stoiximan Group has launched its new TV advertising campaign thanking Greece’s emergency services and the general public in their efforts to contain the spread of the Coronavirus. The campaign titled ‘#OneTeam’ sees Stoiximan promote none of its betting services, with the bookmaker choosing to use its broadcasts to ‘express gratitude and solidarity’ to all Greeks fighting against …
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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 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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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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