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Opap Profits Drop Like a Rock
Friday November 22 ,2013 : GREEK GAMBLING MONOPOLY STILL BATTLING
Decline in profits prompts a delay in video games launch
The severe Greek economic recession, allied to an increased tax burden has been cited as the reason for a drop in profits at the Greek gambling monopoly OPAP, recently acquired by the Emma Delta group .
The gambling group's third quarter net profit plunged 61 percent y-o-y to Euro 44.4 million, although it was better by several million Euros than expected by pessimistic analysts.
Management blamed the current economic crisis and a 30 percent rise in government tax on GGR, which cancelled out a positive performance up 0.7 percent to Euro 897.6 million in the quarter.
The bad news has prompted OPAP CEO Kamil Zeigler to postpone the launch of video lottery terminals to the third quarter of 2014.
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 -
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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.
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