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Greek Opap Online Gambling Plans
4/12/10 - Ioannis Spanoudakis, the chief executive of Greece's state gambling monopoly OPAP has online gambling in mond once regulators give their greenlight.
Speaking at the presentation of the group's 2009 results, Spanoudakis said: “Our strategic focus is to enhance and solidify OPAP’s position in the domestic market in 2010 and over the coming years by further improving the quality of our existing games and the appeal of our franchise, preparing for the expansion into new activities such as video lottery terminals, scratch tickets and online sportsbetting when permitted by the regulator, actively supporting the State in its efforts to confine illegal betting and optimising OPAP’s cost base and improving its operational efficiency.”
The group posted a 1.4 percent year-on-year decrease in revenues to Euro 5.4 billion, reporting that EBITDA fell by 8.5 percent when compared to 2008 to Euro 966.8 million while net profits sank by 18.5 percent to Euro 593.8 million.
Management attributed the decline to a shortage of major sporting events and the negative economic climate, but pointed out that adjusted net profits for the year dropped only five percent to Euro 691.9 million.
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Gambling News :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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