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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Italy’s AAMS – Customs & Monopolies Agency has confirmed that Gruppo SISAL will maintain the concession of the SuperEnalotto weekly numbers lottery. The decision was confirmed by AAMS Secretary Dr Benedetto Mineo, who submitted an update through the government’s Official European Gazette to confirm that SISAL will maintain its position for a further nine years. AAMS’ decision is undertaken following …
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Czech gambling conglomerate SAZKA Group has clarified its intentions to secure ‘full control’ of Athens-listed OPAP SA, Greece’s largest lottery and sports betting operator. On Monday, the Athens Securities Exchange temporarily suspended OPAP’s listing, announcing that the gambling group anticipated a ‘major imminent corporate event’. This morning, Reuters disclosed that SAZKA governance had submitted a formal Athens Exchange filing detailing …
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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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Reform of the Czech Rep gambling marketplace appears to be further than ever before, as the nation’s Ministry of Finance publishes 2019 plans to increase taxes across all ‘vice sectors’. On 4 April, the Czech Finance Ministry submitted its proposals to the Senate, seeking to implement new tax plans ‘increasing public budget revenues’. The mandate hits Czech gambling stakeholders hardest, …
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Major operators from 17 different jurisdictions are using next month’s Betting on Football conference as the perfect opportunity to meet and discuss the future of sports betting in their sector. The European Lotteries association (EL) will host a meeting for members of its Sport Working Group in London on Tuesday 19 March, which is part of the wider Betting on …
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The Czech Republic’s national lottery operator Sazka has confirmed a multi-year extension to its sportsbook partnership with SBTech. The agreement, first signed in 2016, has seen SBTech drive “substantial revenue” gains for Sazka despite significant competition from international operators, particularly since regulation for online and land-based gambling was passed in January 2017. The sportsbook product provided by SBTech, which keeps …
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The European Lotteries Association (EL) will host a meeting for members of its Sport Working Group in London on Tuesday 20 March, the registration and networking day for the Betting on Football Conference at Stamford Bridge (20-23 March). EL is the umbrella organisation of national lotteries operating games of chance for the public benefit, which brings together both state-owned and …
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Updating the market, Czech-based lottery firm Sazka Group has detailed that it may move for a London listing, in order to expand its European market growth ambitions. The lottery group, owned by Czech investment firms’ KKCG Group and EMMA Capital has appointed investment banks Citigroup, Morgan Cazenove and Morgan Stanley as lead coordinators, but states that it has yet to make …
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Sports betting solutions provider SBTech has signed a multi-year deal to provide SAZKA, the Czech Republic’s market-leading lottery operator. SAZKA is part of international investment group KKCG, operating in 11 countries on four continents, and a member of the European Lotteries (EL) and World Lottery Association (WLA). SBTech will supply SAZKA with its sports betting platform, including a customised, fully …
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