Tag Archives: ODIE
- UK bookies reach deal on horse racing levy; two bids for Greek racing monopoly
September 20, 2014
UK bookmakers have reached agreement with the nation’s horseracing stakeholders on the next horserace betting levy. On Thursday, the Horserace Betting Levy Board (HBLB) announced that the Bookmakers Committee had agreed to continue to ante up a 10.75% levy on their racing revenue ahead of the Oct. 31 deadline. The...
- OPAP acquires 90 percent of Payment Hellas; TAIPED to relaunch horse race tender in Greece
August 29, 2014
Cyprus-based OPAP Investments Ltd, a subsidiary of Greek betting operator OPAP, announced that it has signed a deal to acquire a 90 percent stake in Payzone Hellas SA, the largest mobile phone top-up network in Greece. The preliminary agreement between OPAP Investments and Payzone Group and Coltonia Holdings was finalized...
- New Greek EC complaints; OPAP profit slumps; Intralot Taiwan lottery deal
May 29, 2013
The Remote Gambling Association (RGA) and the European Gaming and Betting Association (EGBA) have filed a new complaint with the European Commission over Greece’s online gambling restrictions. Late last year, Greece revealed its intention to prohibit online gambling companies from offering sports betting or random number generator casino games, which...
- OPAP privatization effort attracts just two bids
April 17, 2013
Two bids have been submitted for the Greek government’s 33% stake in Greek betting monopoly OPAP, according to a source close to the privatization effort. On Wednesday, Reuters reported that offers had been submitted by US hedge fund Third Point and Emma Delta, a group comprised of Czech investor Jiri...
- OPAP profit falls as it preps for Greek asset fire sale
March 9, 2013
Greek betting monopoly OPAP saw profit fall 6% to €505.5m in 2012 as the country’s ongoing economic malaise curbed punters’ desire to gamble. (For all of you who feel your home country’s struggling, consider that a staggering 26.4% of Greece’s workforce was unemployed in December.) Full-year revenue fell 8.9% to...
- OPAP 2011 profits fall; Greek gov’t sets new date for 29% stake sale
March 22, 2012
Greek sports betting and lottery monopoly provider OPAP SA reported a 21% drop in Q4 2011 profit, due in part to poor performance of its Kino numbers game. Net income in Q4 was €128.3m, compared to €162.7m the previous year. Revenues were down 7.9% to €1.16b. Kino revenues fell 8.2%...
Greece’s new online gambling licenses to be made available in October
September 17, 2016
Six earnings reports, three beautiful women, one hedgehog
September 1, 2013
Greece wants to slash OPAP VLTs to 25,000
August 7, 2017
VLT rollout costs drag OPAP Q1 net profit down by 8.7%
June 13, 2017