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Gambling: Opap Revenues up
Revenues up by 9 percent to Euro 5.5 billion and net profits up 19.6 percent to reach Euro 728.5 million were highlights of the 2008 financial report released by the Greek gambling monopoly OPAP this week. Earnings before taxation increased by 22.9 percent to Euro 1.056 billion.
Revenues in the last quarter of OPAP's 2008 fiscal year were up by 1.4 percent to Euro 1.542 billion (2007 FY:Euro 1.521 billion) but fourth quarter net profits decreased by 7.2 percent to Euro 178.9 million (2007: Euro 192.8 million).
Christos Hadjiemmanuil, Chairman and CEO, said: “Although we operated in a challenging and difficult economic environment in 2008, we managed to deliver impressive improvement in our business results.”
“Furthermore, we are particularly pleased with the significant progress achieved from our main priorities; rejuvenation of our games portfolio, progress in the revamping of our agent network and our internal reorganisation.
“For 2009, despite the deteriorating economic conditions, we will focus on maintaining our strong profitability at high levels and support initiatives to expand outside our core concession.”
Gambling News :
ACR $15 Million OSS Cub3d -
Americas CardRoom immensely popular OSS Cub3d returns February 25th and it's bigger than ever. U.S. Online Poker players will have a chance to compete for $15 Million in guaranteed prize pools.
AIGF and Betradar formalised their relationship -
At this yearís ICE Total Gaming, the All India Gaming Federation (AIGF) and Betradar formalised their relationship, committing to understand, explore opportunities and network across India around sports betting and gaming.
EHF and Sportradar Extend Partnership -
The EHF is responsible for a wide range of activities including the promotion and development of the sport, education programmes, player transfers and the organisation of high-profile sports competitions and events including the EHF EURO and the EHF Champions League.
Swisslos and Betradar in Deal -
Swisslos offers lotteries, sport bets and instant tickets in the entire territory of German-speaking Switzerland, in Ticino and in the Principality of Liechtenstein. It structures its range of games in an attractive and responsible manner. Swisslos transfers it entire net profit to the mandating cantons and the Principality of Liechtenstein to support public causes.
Americas Cardroom offering mouth-watering value -
It's not every day that an industry-leading poker site offers its customers an opportunity to put the house's money directly into their own pockets, but that's exactly whatís happening at Americas Cardroom.
Coolbet Joins Mpn -
Coolbet, owned by the Estonian company StayCool OU, is a sportsbook driven brand with its own developed platform and sports software. In addition to sports, it offers casino and live casino gaming, and as of this week, poker.
RMG AND SIS EXTEND PARTNERSHIP -
RMG manages the rights of many of the leading British racecourses, while SIS holds the horseracing rights to all Irish racecourses, plus Chelmsford City Racecourse in the UK.
Novomatic and Betradar in Deal -
With ICE just a few days away, NOVOMATIC has announced a partnership with leading sports betting solutions provider Sportradar to develop an innovative line of sports betting products and services.
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