Tag Archives: OPAP
- Playtech BGT Sports begins SSBT rollout with Greek operator OPAP
September 20, 2017
Thousands of Self Several Betting Terminals – all OTC activity will be migrated to PBS platform across 4,500 locations London: September 20th 2017 – Playtech BGT Sports (LSE: PTEC) has officially started rolling out software and services for the Self-Service Betting Terminals (“SSBTs”) of leading Greek betting and lottery operator OPAP....
- OPAP profits fall one-third on costs of new product rollouts
September 14, 2017
Greek betting and lottery operator OPAP saw its net profit fall by more than one-third in the second quarter of 2017 as revenue declined and the cost of marketing new product rose. Figures released Wednesday show OPAP’s revenue hitting €330m in the three months ending June 30, 2.5% below the...
- Greece wants to slash OPAP VLTs to 25,000
August 7, 2017
Greek authorities are looking to cut the number of video lottery terminals (VLTs) that gaming monopoly OPAP operates in the country. On Friday, ekathimerini.com reported that the Finance Ministry has tabled a bill seeking to slash the number of VLTs to 25,000, so that there will be “a more effective...
- VLT rollout costs drag OPAP Q1 net profit down by 8.7%
June 13, 2017
Hurt by costs of rolling out a new video lottery business, Greek betting and lottery operator OPAP reported an 8.7 percent in net profit for the first quarter of 2017. The Greek-based operator said its net profit for the first three months of the year came in at €39 million...
- OPAP profit plunges one-fifth as Greek taxman takes bigger bite
March 29, 2017
Greek betting and lottery operator OPAP saw profits fall nearly one-fifth in 2016 thanks to the government taking a bigger tax bite. OPAP released its annual report on Wednesday, which showed Q4 and FY16 gross gaming revenue largely unchanged from the same periods one year earlier, but full-year earnings fell...
- Cyprus police investigating after OPAP declines audit
March 7, 2017
The longstanding relationship between the government of the Republic of Cyprus and betting operator OPAP is rapidly coming apart at the seams. On Monday, the Cyprus Mail reported that Cypriot attorney-general Costas Clerides had ordered a police investigation into OPAP after the Greek lottery and betting operator declined to hand...
Cyprus doles out more online sports betting licenses
March 20, 2017
Turkish police bust major international online betting ring
September 14, 2016
Melco-Hard Rock to open Cyprus gaming venues this summer
April 24, 2017
Melco-Hard Rock temporary Cyprus casino to open in 2017
November 17, 2016