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Greece

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Greece

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...

Greek illegal VLT market estimated at €1 Billion

Alex Lanter
January 4, 2017
Gaming Law & Legislation, Economy/Finance, Lottery, Unlicensed Operation, Tax Evasion, Greece
The Illegal gambling market in Greece is growing rapidly, or so it seems according to the latest report from Greece’s gambling regulatory body EEEP (ΕΕΕΠ). Namely, according to the EEEP, in 2016 alone Greek pol...

Regency Casino Mont Parnes files motion against Hellenic Gaming Commission

Adam Morgan
December 29, 2016
Latest Casino and Gambling News, Fines, Lawsuits & Litigation, Greece
In Greece, the Regency Casino Mont Parnes has filed a motion with the nation’s highest administrative court, the Council Of State, seeking an injunction on a decision from the Hellenic Gaming Commission to intr...

Greece ok’s relocation of Mount Parnes casino

K Morrison
December 15, 2016
Latest Casino and Gambling News, Gaming Law & Legislation, Casino project updates, Greece
A new bill is to be signed by the government of Greece that will enable the relocation of the Regency Casino Mount Parnes from its current location on Mont Parnitha, according to G3Newswire. While the bill w...

New integrated casino resort plan announced in Greece

Adam Morgan
December 7, 2016
Latest Casino and Gambling News, Casino proposals, Greece
The government of Greece has reportedly revealed that the latest redevelopment plan for the site of the former Elliniko International Airport is now set to include the construction of an integrated casino resor...

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...

NagaCorp still in the running for casino license in Cyprus

Marie Kelley
September 26, 2016
Latest Casino and Gambling News, Cyprus, Greece
Numerous reports surfaced over the weekend that state NagaCorp Ltd. is still in the running for a casino license in Cyprus. It was announced that NagaCorp, the casino operator that owns NagaWorld in Cambodia, w...

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...

Eight companies compete for Cyprus casino license

Marie Kelley
December 19, 2015
Latest Casino and Gambling News, Casino proposals, Casino News, Cyprus, Licenses, Greece
With one casino license available in the southern half of Cyprus, there has been much interest from companies unknown. Eight companies have shown interest in a formal fashion for the licensing, proposing a bid ...

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...

Greece gaming developers on the edge with new lottery regulations

Marie Kelley
July 15, 2015
Gaming Law & Legislation, Greece
The financial crisis in Greece could cause a great impact to the global economy and as an attempt to stop defaulting further on its debts, the Hellenic Gaming Commission announced new lottery regulations. The g...

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...

Greeks wagered nearly 6 billion euros on games of chance in 2014

Marie Kelley
May 6, 2015
Latest Casino and Gambling News, Horse Racing, Casino News, Lottery, Sports betting, Greece
According to Greek online news site ekathimerini, betting on games of chance in Greece increased by 9% in 2014 from 2013 totals, based on information provided by the Gaming Commission. 5.9 billion euros were sp...

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...
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