Tag Archives: OPAP

FDJ monitors 2020 National Lottery tender options

The Daily Telegraph has this weekend reported that the governance of Française des Jeux (FDJ) has held private discussions with investment bank Rothschild to assess options to compete in the UK National Lottery 2020 tender. A confident FDJ eyes its future opportunities having completed one of Europe’s biggest 2019 IPOs floating on the Paris Euronext Exchange this November, securing a …

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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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OPAP secures Greek market clearance on Stoiximan investment

Greece’s markets & competition authority HCC has granted its approval for market leader OPAP to acquire a majority stake in online bookmaker Stoiximan Group. The transaction initiated at the start of 2019, sees OPAP agree to acquire a 51% stake in Stoiximan for €95 million, a Greek and Cypriot online sportsbook property operated by Malta-based European online gambling group GML …

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Greece shows no movement on 35% GGR tax rate

Seeking to reform its online gambling marketplace, the Greek government maintains that it will stand by its contested 35% tax charge on gross gambling revenues (GGR). At the start of October, the Greek government approved a series of reforms updating the nation’s gambling frameworks with regards to licensing and taxation. Controversially, the Greek government retained its 35% GGR tax charge but …

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Goalbet challenge sees Greek Council revoke OPAP online betting licence

Athens-listed gambling group OPAP SA is facing disruption in its home market of Greece following the decision taken by the State Council to revoke the operator’s online sports betting licence. Judges of Greece’s highest-ranking administrative court upheld an appeal made by Austrian operator Goalbet, who challenged the Hellenic Gaming Commission’s (EEEP) licensing approval of OPAP online sportsbook subsidiary Pame Stoixima. The …

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VLT upgrades deliver for Greek OPAP chasing its 2020 vision

The governance of Athens-listed gambling group OPAP SA publishes its 2019 interim results (period ending 30 June), confident of delivering on its future prospects, serving the mandate of its 2020 corporate vision. Updating the market, OPAP records a 6% increase in group gross gambling revenues (GGR) to €779 million (H1 2018: €737m), driven the significant improvement of its upgraded retail …

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Athens suspends OPAP listing on speculation of SAZKA takeover

The Athens Securities & Exchange Commission has this morning moved to temporarily suspend the listing of OPAP SA, in light of speculation of a ‘major imminent corporate event’. Greek business news sources this morning report that Czech gambling conglomerate SAZKA Group seeks to significantly expand its holdings in OPAP, the former state-owned enterprise and Greece’s largest lottery and sports betting …

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Leader of the Year kicks off Sport in Focus at Betting on Sports

Sport in Focus

The 2018 Sports Betting Leader of the Year Sergey Portnov will be kicking off the Sport in Focus track at this year’s Betting on Sports conference. Sport in Focus is one of four tracks held on the first full day (18 September) of SBC’s flagship conference, which takes place at Olympia London from 17-20 September. Portnov, who took home the …

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Stoiximan Group launches Betano brand in Portugal

The Stoiximan Group has cemented its position in the Portuguese market via its Betano brand, which offers a sportsbook with live betting and streaming features, alongside a casino portfolio. Betano already has a presence across the German, Austrian and Romanian markets while the group currently operates in Cyprus and Greece under its Stoiximan brand. Betano’s country manager in Portugal, Ricardo Branquinho, commented on …

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Transformative 2018 sees OPAP confident of future prospects & identity

Athens-listed gambling group OPAP SA has published its full-year 2018 results, detailing a transformative year for its business, undertaking a number of critical upgrades and refinancing its operating structures. “2018 marked the 60th anniversary of OPAP’s foundation and the entire OPAP team is proud of what was achieved in this historic year. We successfully delivered all of our key business …

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