Bookmakers
Betting firm GVC makes 200 million-euro provision for Greek tax bill
GVC Holdings has made a provision of about 200 million euros in its 2017 accounts after its Greek unit was slapped with a tax bill from a local authority.
OPAP says 1,000 self-service betting terminals up and running
Listed betting company OPAP announced on Thursday that 1,000 self-service betting terminals (SSBTs) are now operational, and its new digital platform is on track for launch in the first quarter of 2018.
Greek betting firm OPAP report Q3 profit up, new video games help
Greece-based OPAP posted on Tuesday a 64 percent rise in third-quarter net profit helped by the roll out of video lottery terminals and the reversal of litigation provisions.
OPAP, Europe's fifth-biggest betting firm by revenues, said net profit in the July-to-September period was 48.1 million euros ($56.52 million), up from 29.3 million euros a year ago.
Bill to extend OPAP's license offsets reduction of video lottery machines
Greece-based OPAP said the adverse impact from a draft government bill cutting the number of video lottery machines (VLTs) allowed to operate in the country will be offset by a plan to extend its betting license. "The revised terms will have a neutral effect for OPAP," Damian Cope, the company's chief executive officer, told a conference call with analysts Wednesday.
OPAP Q2 net profit drops 34 percent
Greece-based OPAP, Europe's fifth-biggest betting firm, posted on Tuesday a 34 percent drop in second quarter net profit compared to the same period in 2016, hurt by a one-off litigation charge and rising operating costs.
Net profit came in at 22 million euros, down from 33 million in the same period a year ago. Gross gaming revenue dropped 2.5 percent to 330 million euros.
- Read more about OPAP Q2 net profit drops 34 percent
- Log in to post comments
Robbery in Thessaloniki gone wrong
A man who robbed a betting agency in Thessaloniki at gunpoint late Thursday evening was left with far less than what he bargained for as he dropped much of his somewhat meager takings in the street as he made his getaway.
- Read more about Robbery in Thessaloniki gone wrong
- Log in to post comments
OPAP net profit declines in Q1
OPAP, Europe's fourth-biggest betting firm, reported an 8.7 percent drop in first-quarter net profit on Monday, hurt by costs for the rollout of a new video lottery business.
OPAP said net profit came in at 39 million euros in the first three months of the year, down from 42.8 million euros in the same period a year ago.
- Read more about OPAP net profit declines in Q1
- Log in to post comments
Casinos Are One of the Top Mobile Activities This Year
The world of gambling is moving away from its traditional image, of the older generation waving slips of paper and shouting at greyhounds, and into the 21st century.
OPAP picks OTE for its telecoms upgrade
Greece's biggest betting company OPAP has selected Deutsche Telekom-controlled Greek telecoms group OTE to upgrade telecoms infrastructure at its outlets across the country, the two companies said on Tuesday.
The new systems will help OPAP to implement its 2020 development plan, which includes the launch of new products and services, OPAP said.
- Read more about OPAP picks OTE for its telecoms upgrade
- Log in to post comments
Athens-listed Intralot may seek listing on foreign stock market
Athens-listed gaming systems provider and sports betting firm Intralot may consider listing on another international stock market as business in its domestic Greek market shrinks, the chairman said on Thursday.
Intralot's Greek operations were hit when it lost a contract with Greece's biggest betting firm OPAP that had been a valuable source of revenue for two decades.