OPAP
Gov't abolishes 5-cent charge per betting game
The Finance Ministry has decided to abolish the levy of 5 cents per entry in games of chance organized by Greek betting firm OPAP.
Instead of the controversial levy, the new tax bill provides for an increase in the tax on gaming company net revenues from 30 to 35 percent.
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OPAP reacts to extra tax charge on lottery games
OPAP strongly reacted to government’s decision to impose an extra charge on lottery games operated by the company -a decision aimed to boost state revenues.
Odysseas Christoforou, general manager of Corporate Communication in OPAP, said the move was discriminatory against OPAP and noted that such a move would have serious negative consequences.
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OPAP warns that extra taxes would bring drop in revenue
The Greek Organization of Football Prognostics SA (OPAP) said on Monday that it was opposed to scenarios of extra charges or taxes on any of its games following reports regarding this.
Govt wants to squeeze taxes from farmers and gamblers
The government is seeking ways to line its coffers. In a frantic search for funds, the Finance Ministry has put Greece’s agriculture sector and gambling under the microscope.
Agriculture
* 9 in 10 farmers (466,574 of a total of 532,917 people) stated earnings less than 5,000 euros last year.
Greek contingency plan aimed at corrupt German companies
Greece had a contingency plan to open corruption investigations into German companies so as to “raise the cost of rupture” for Greece’s creditors. The targeted companies included Siemens, Lidl and Allianz.
ATHEX: Stocks slide after rally on Wednesday
The Greek bourse reacted with disappointment on Thursday after investors? hopes for a deal between Athens and its creditors, which spurred a mini-rally on Wednesday, once again failed to materialize, with some of the traders reaping capital gains.
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Winner of 9.5-mln-euro lotto ticket partially … surfaces, as lawyer steps forth
The lucky winner of more than 9.5 million euros in the “Joker” lottery game may not have appeared so far, but two of his, or her, attorney visited the “lucky” betting parlour on Tuesday.
According to the betting pools operator OPAP, the multi-million-euro ticket cost a mere … three euros.
The ticket was submitted at a parlour in the Kypseli district of central Athens.
OPAP beats profit forecast
Greek betting firm OPAP reported an 18 percent rise in its first-quarter net profit on Tuesday, helped by the launch of new games and cost controls.
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Greeks bet 5.9 billion euros on games of chance last year
By Vangelis Mandravelis
Greeks placed 5.9 billion euros' worth of debts on games of chance in 2014, showing a rise of 9 percent compared to the year before, data published by the Gaming Commission (EEEP) show.
Greek bourse starts trading week with notable losses
Declining blue chips dragged the benchmark of the Greek bourse lower on Tuesday, as the various scenarios regarding proposals and counterproposals placed on the negotiating table by Athens and its creditors appeared to confuse investors instead of inspiring them at the start of the four-day trading week.