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OPAP Decline In Revenues
Friday August 24,2012 : PROFIT AND REVENUES DOWN IN OPAP'S FIRST HALF
Little to encourage in H1-2012 for Greek gambling group
Greece's largely state-owned land and online gambling group, OPAP offered little cheer for investors in its first half 2012 results posted this week, reporting declines in revenue, net profit and EBITDA.
Revenues declined 6.2 percent to Euro 2,054 million, net profit slipped 5.7 percent to Euro 258 million and EBITDA dipped 6.4 percent to Euro 346.1 million.
Second quarter profits helped paint a better picture, with profits up 18 percent to Euro 126.1 million despite falling revenues which dipped 7.5 percent to Euro 989.6 million. Second quarter EBITDA was also up 4.1 percent at Euro 160.2 million as lower taxes and reduced operating expenses took hold.
Management reported moves toward a joint online gambling venture with GTechG2.
Gambling News :
Alegriabet Finally Launches -
Our online betting site will deliver a full, market-leading suite of services including pre-match and live betting as well as virtual sports
International Table Tennis Federation in deal with Sportradar. -
The International Table Tennis Federation (ITTF) has today announced it has signed a brand-new integrity partnership with Sportradar utilising the organisation’s world-leading monitoring, intelligence and prevention solutions to help safeguard the sport against match fixing.
NBA odds on Thunder vs. Pacers Game? -
This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.
2 New Christmas Slots For Microgaming -
Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.
SportsBetting Supreme Court Showdown -
Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)
NBA Odds: Heat Can Burn Cavaliers in Cleveland -
The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.
Games Concept Day in Malta -
The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.
AFC’s fight against match-fixing -
The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.
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