Tag Archives: OPAP

Greek gambling and sports betting operator OPAP reported a 19.1% €1.1 billion revenue increase for its Q3 2014 performance (Q3 2013 – €898 milion). The operator was able to secure an improved net profit performance of 25.9% €55.9 million (2013 Q3 €44.4 million). The operator stated that its increase in revenues and profit performance had been driven by improved player …

Greece’s High Court  ruled on Tuesday that former state owned operator OPAP’s monopoly of betting markets was legal. The courts rejected a long standing challenge put forward by international operators disputing the OPAP’s handle on betting and lottery operations in Greece. OPAP monopoly of Greek lottery and sports betting, had been challenged by William Hill, StanleyBet and Sportingbet. The operators …

Greek state gaming and sports betting monopoly OPAP, has won the rights to operator horse racing betting in Greece. The decision to award OPAP was undertaken by the Hellenic Republic Asset Development Fund (HRADF), after it had opened Greek Horse Racing to a competitive tender. Greek news reports have stated that OPAP, had won the tender by submitting an offer …

Greek state owned gambling operator OPAP reported improved results in the second quarter of 2014. OPAP saw gaming revenues climb 8% to €947.3 million, as the operator posted an increase in EBITDA earnings of 50% to €68.6 million. The Greek operator, beat market forecasts which had expected a downturn in gaming revenues for OPAP. However OPAP’s net profit dropped 44.5 …

Greek state betting/gambling monopoly OPAP has announced that its second quarter financial results would suffer due to the operator being hit by a retroactive tax bill of €21.6 million (£17.5 million). The multi-million tax bill dates back to 2010 fiscal year, OPAP had amounted tax charges of €29.6 million, of which the operator had paid just €8 million.  OPAP management …

Greece’s betting monopoly OPAP has begun a voluntary redundancy scheme for about three-quarters of its staff to cut costs, one of its biggest unions said on Thursday.OPAP declined to say whether it was offering the scheme, which will mainly affect its retail network supporting services, according to a document outlining the program seen by Reuters. Greece sold a majority stake …

INTRALOT has announced that it has signed a four-year  IT contract with Greek operator OPAP S.A. The company will undertake the implementation of the new Data Centres, will provide hardware and system software, as well as services for the operation, maintenance, technical support and system evolution. The contract includes the provision of the use of the hardware and system software of Data …

GTECH Interactive CEO Walter Bugno has shown his full support for the recently agreed software supply  partnership with Greek licensed gambling operator – OPAP, stating it represents a major coup for GTECH Interactive and that it validates the company’s online capabilities. OPAP selected GTECH Interactive as its supplier of igaming inventory, in a closed tender that saw 888 Holdingss, Playtech …