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Gambling: Greek OPAP to Expand
3/11/10 - The Greek government, struggling with a Euro 300 billion national debt and a floundering economy, is looking to its gambling monopoly OPAP to help make ends meet, reports the Reuters news agency. Moves are afoot to squeeze an extra Euro 400 million from gaming for the state coffers.
One solution is a loosening of the strict controls on slot machines, at present only permitted in casinos. OPAP said this week that it believes it can win a licence to operate low price slot machines and expand its current betting monopoly to generate more revenues for government.
In announcing a fresh round of budget cuts last week, the government indicated it was considering extending the OPAP's current monopoly and mandate to help raise additional revenues.
The government, at 34 percent, is OPAP's biggest shareholder, and spokesmen said it expected to receive an extra Euro 400 million in 2010 by extending OPAP's concession and granting licences for new games.
Finance Minister George Papaconstantinou said last month he would soon unveil a draft bill to deregulate slot machines, so that Greece can escape further EU fines on which it is paying out Euro 31 500 every day to the EU after it ruled that Greek restrictions on gaming machines were against the free movement of services within the EU.
OPAP had cash of about Euro 676 million at the end of September 2009 and analysts say the firm should find ways to invest in new areas to boost profits. Analysts said the new games could also include licences for scratchcards.
Gambling News :
$400k Winner at Bodog Casino -
To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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