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OPAP : 21 percent drop in its quarterly profit
03/22/2012 : Greek gambling firm's woes continue
Partially state-owned Greek gambling firm OPAP turned in disappointing quarterly figures reporting a 21 percent drop in its quarterly profit which was attributed to less gambling due to austerity measures instituted in the debt-laden country which have led to wage cuts and tax hikes.
The gambling firm will utilise retained funds, after announcing its biggest dividend cut in the past decade, to further its expansion into video lottery and online gambling.
Greece's privatisation agency the Hellenic Republic Asset Development Fund confirmed that the Greek Government, who owns a 34 percent stake in OPAP, will put a 29 percent stake out for tender by early May, the completion of which will be concluded this year.
Reuters reports that the gambling firm's fourth quarter net profit dropped to Euro 128.3 million (Euro 169.2 million). Its two most popular games Kino lottery was down 8.2 percent and Stihima sports betting - down 14.6 percent with overall sales dropping 7.9 percent to Euro 1.16 billion.
"In 2012 our major objectives are to implement the VLT strategy and to prepare OPAP's participation in the online market following the appropriate regulatory steps," said chief executive officer Yannis Spanoudakis. "We strongly believe that OPAP will harvest the benefits of these major investments."
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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