OPAP
OPAP profits up 43.5 pct in Q1
OPAP, Europe's fourth-largest betting firm by revenue, on Wednesday posted a 43.5 percent rise in first-quarter net profit thanks to cost savings and a growing video lottery business.
Net profit in the January-to-March period stood at 57.2 million euros, up from 39.8 million euros in the same period last year, OPAP said.
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Man, 29, stabbed four times by anarchists during Pontic genocide rally in Thessaloniki
A 29-year-old man was in the hospital on Monday after being knifed in central Thessaloniki on Sunday night during an event in the northern city commemorating the Pontic genocide, the systematic killing of ethnic Greeks by the Turks during World War I.
The attackers are believed to belong to anti-establishment groups.
OPAP to draw millions from share increase
Listed gaming giant OPAP is planning to propose a share capital increase to its shareholders, in order to draw up to 800 million euros, instead of distributing a dividend to its old shareholders, in the period from 2019 to 2023.
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Horse races return to action this Sunday, aiming at ‘family days’
OPAP-owned Horse Races SA is going back into action on Sunday at the Markopoulo course. Races will now take place on Sundays instead of Saturdays due to OPAP's intention to turn the course into the "Markopoulo Entertainment Park."
Amendments to horse racing company deal
The government tabled an amendment on Monday to the concession contract for betting on horse racing for 20 years.
The amendment, which will be voted on by the House on Tuesday, includes three main changes to the contract signed by state sell-off fund TAIPED and OPAP gaming company in 2015.
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Growing gaming market a boon for state
Greeks gambled away more than 7.5 billion euros on games of chance from 2015 to 2018. This comes to just under 2 billion euros per year in gross gaming revenues (GGR) for suppliers after paying out winnings to the lucky punters.
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OPAP profits rise 18.5 pct in Q3
OPAP, Europe's fifth-biggest betting firm by revenues, saw its third-quarter net profit rise 18.5 percent, helped by its growing video lottery business.
Net profit in the July to September period stood at 39 million euros, up from 33 million euros in the same period last year, OPAP said.
The figure was in line with analysts' forecasts.
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OPAP: Gov't plans to regulate online gaming 'a step in the right direction'
Greek government plans to regulate online gaming is "a step in the right direction," OPAP's chief executive officer said on Thursday.
OPAP, Europe's fifth largest firm in terms of revenues, holds the monopoly in internet gambling in Greece but hundreds of websites are also offering online gaming without a license.
World Cup, VLTs boost OPAP takings and profits
Greek gambling giant OPAP recorded an increase in its revenues and profits in the first half of the year, its second-quarter financial figures showed on Wednesday, thanks both to betting on the soccer World Cup and the introduction of video lottery terminals (VLTs) in the Greek market.
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ATHEX: Banks index drops to 2018 low
The Greek stock market's banks index continued its decline on Thursday, falling 2.45 percent to its lowest point this year. Other stocks at Athinon Avenue also headed south, although the positive opening in New York helped the benchmark to contain the drop during the closing auctions.
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