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Greek Gambling Monopoly Earnings
The Greek OPAP company, which has a contentious state monopoly in the country's gambling industry, has posted a positive Q1 2009, with revenues and net profits both up.
Revenues in the period grew 6 percent over Q1 2008 to Euro 1.46 billion, whilst net profit year-on-year rose 3.5 percent to Euros 215.7 million. The company reported EBITDA down .09 percent at Euros 299.5 million as a result of higher distribution costs. Declining Stihima revenues re sulted in a fall in sportsbetting revenues of 8.4 percent.
Christos D. Hadjiemmanuil, OPAP’s chairman and chief executive, commented: "The weakness in our Q1 sports betting results relative to the same period in 2008 is explicable by a very dissimilar seasonal pattern of sports events; we expect a partial correction in April and May.
"Moreover, the rejuvenation of our numerical games has contributed to their improved performance in the early months of the year, making us optimistic that we will achieve our profitability target for 2009," he added.
Gambling News :
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
Pokerstars Pulls Out Of Coloumbia -
Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.
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