Search Results for: "opap"

OPAP records coronavirus-linked downturn in first-half financials

September 11, 2020

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Lottery, Sports betting, Greece

Greek lottery and sportsbetting firm OPAP has reportedly announced that its revenues for the six months to the end of June decreased by 34.8% year-on-year to approximately €507.9 million ($601.6 million) largel...

Playtech extends Mansion partnership; inks new deal with Greek operator OPAP

K Morrison

February 11, 2020

Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Online Gambling News, Mergers, Acquisitions & Partnerships, Italy, United Kingdom

After its recent success at the EGR Nordics Awards 2020, leading software and services supplier, Playtech, has now announced that it has extended its long-term partnership with online gambling operator Mansion ...

OPAP shows off remarkable Q1 2018 results

Natalie Stephanopoulos

June 1, 2018

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Lottery, Greece, Financial Press Releases

Athens-based gambling company, OPAP has published exceptional financial reports for Q1 2018, revealing an increase of revenues by 5.1%. Further insights discovered that the European operator not only had a succ...

Greece’s OPAP experiences a third-quarter renaissance

Adam Morgan

November 24, 2017

Latest Casino and Gambling News

In Greece, the introduction of new video lottery terminals alongside the reversal of litigation provisions has reportedly helped giant gaming machine and lottery operator OPAP to record a 64% increase year-on-y...

New legislation could hurt OPAP video lottery terminal plans

Adam Morgan

August 7, 2017

Latest Casino and Gambling News, Gaming Law & Legislation, Greece

In Greece, the Finance Ministry has reportedly tabled legislation that would reduce the number of video lottery terminals giant operator OPAP is to be permitted to run in the nation to 25,000. According to a...

Cyprus initiates investigation into OPAP finances

Adam Morgan

March 8, 2017

Latest Casino and Gambling News, Cyprus, Lottery, Licenses, Taxation

European sportsbetting and lottery giant OPAP could be in trouble with the authorities in Cyprus after the island nation’s Attorney General reportedly ordered a police investigation into the firm’s finances. ...

Playtech opens world’s largest live dealer studio as part of new OPAP deals

Lars Jones

February 2, 2017

Latvia, Online gaming software, Latest Casino and Gambling News, Casino News, Lottery, Mergers, Acquisitions & Partnerships

In a deal with Greek lottery monopoly, OPAP, Playtech has added an 8,500 square meter (~91,493 sq ft) live dealer casino in Riga, Latvia to its existing live studios in Belguim, Philippines, Romania, and Spain....

Retroactive tax hike hurts OPAP’s third-quarter results

Adam Morgan

November 25, 2016

Latest Casino and Gambling News, Economy/Finance, Greece

Europe’s fourth-largest lottery and sportsbetting firm, the Greek Organization Of Football Prognostics (OPAP), has released its third-quarter financial results showing a 40% drop year-on-year in net profit to a...

Tax hike impacts OPAP bottom line

Adam Morgan

May 31, 2016

Latest Casino and Gambling News, Lottery, Taxation, Greece

Greek lottery and sportsbetting games operator OPAP has released its interim financial results for the first three months of 2016 showing a 26.3% drop year-on-year in net profit due in large part to increased t...

OPAP sues Greek government over VLT changes

Lars Jones

November 28, 2015

Latest Casino and Gambling News, World Casino News, Licenses, Taxation, Fines, Lawsuits & Litigation, Greece

On the heels of a nearly 8% dip in earnings for the third quarter and a new tax the company expects to lower revenues even more, Greek gambling monopoly OPAP will sue the government there for imposing new restr...

OPAP plans to fight Greece’s new tax law; doesn’t mind keeping the online gaming monopoly

Alex Lanter

November 23, 2015

Latest Casino and Gambling News, European Casino News, Taxation, Greece

Greece plans to raise an additional €300 million to €400 million in annual tax revenue by imposing a new five Euro-cent tax on OPAP’s sports betting and lottery products. However, OPAP is far from happy with th...

Synot signs with OPAP for 2,000 machines, 18,500 more VLT’s may be needed

Sam Mitchell

May 13, 2015

Latest Casino and Gambling News, Game manufacturers, Lottery, Greece

On Monday it was reported that Synot will be supplying 2,000 video lottery terminals (VLTs) to the Greek lottery. This week an agreement has been signed for the supply of VLTs to OPAP, which is the company with...

OPAP monopoly ending soon?

Sam Mitchell

April 2, 2015

Latest Casino and Gambling News, Gaming Industry News, Greece

Several betting companies have called for an end to OPAP monopoly in Greece. The betting companies state the monopoly is actually hurting the competition and it is also against European Union fair trade practi...

Greek betting monopoly OPAP posts 41% profit for 2014

Jenn G

March 31, 2015

Latest Casino and Gambling News, World Casino News, Game manufacturers, Lottery, Greece, Financial Press Releases

OPAP, The Greek betting operators saw some tremendous increases in profits due to new launching of products and the World Cup in 2014. The company enjoyed a 41% profit increase throughout the year. 2014 was ...

Greek horse racing betting licence awarded to OPAP

September 24, 2014

Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News

iGaming Business - Greek gambling company OPAP has been awarded the country’s sole horseracing betting licence by the Hellenic Republic Asset Development Fund (HRADF) national privatisation company. Yesterda...