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OPAP has posted its FY-2015 numbers
Friday April 1,2016 : GREEK GAMBLING GROUP OPAP REPORTS FULL YEAR GROWTH
Despite regulatory and tax "restrictions and uncertainties" group recorded 1.6 percent growth in GGR.
The Greek online and land gambling group OPAP has posted its FY-2015 numbers, noting that despite regulatory and tax "restrictions and uncertainties" the company recorded 1.6 percent growth in GGR to Euro 1.4 billion on wagers of Euro 4.3 billion, with the pay-out percentage flat at 67.1 percent.
EBITDA rose 8.8 percent year-on-year to Euro 377.1 million, whilst net gaming revenue was up 1.9 percent at Euro 625.3 million, yielding net profit up 8.1 percent at Euro 210.7 million.
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888poker in deal with Flow Esports -
A statement from 888 said it was only a matter of time before the company joined forces with Flow Esports, which is headed by Daniel Märkisch and includes Hearthstone professionals Tobias Graap, Vetle Stubberud and Johannes Steindl.
Colorado Racing Commission Approves Mile High DFS -
Mile High Racing and Entertainment (MHRE) announced Tuesday that the Colorado Racing Commission has approved its daily fantasy sports activity allowing MHRE to offer fantasy sports contests in nine Colorado locations.
Unibet Name Changed to Kindred Group plc -
Following an extraordinary general meeting at which shareholders approved the change of the Unibet title and brand to Kindred Group plc, the online gambling group will begin trading under the new name on December 12.
Kenya Betting Control Board Reviewing Changes -
Kenya's booming sports betting sector could be facing stiffer government controls, especially regarding marketing, advertising and promotions, according to local media reports revealing that parliament is studying potential amendments to the Betting, Lotteries & Gaming Act.
Britan To Tighten SpreadBetting Controls -
The UK media reported widely Tuesday that Britain's Financial Conduct Authority has announced a crackdown on spread betting using contracts for difference (CFDs) following FCA research that showed 82 percent of clients had lost money in the sector.
Playtech to Buy Back 50 Milliuon in Shares -
#playtech In a statement, the company said that the decision reflects continued confidence in the growth and prospects of the business and its high cash generation, and revealed that it continues to trade in-line with expectations.
Sentencing in Vietnam Gambling Bust -
The People’s Court in HCM City handed down sentences Monday to dozens of defendants linked to a major online sports betting ring dismantled last year by Vietnamese police.
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