LAND CASINO INVESTOR BUYS MOBILE APP COMPANY
20th March, 2017 at 07:18:24
Is Amax planning on expanding its land asset?
News from Asia breaking over the weekend is that land casino investor Amax Holdings, which owns about a quarter of the equity in Macau's Greek Mythology Casino, has bought general mobile apps developer Mobile Games Apps for a a total consideration of $27 million in shares from owners Patrick Wah Poon and Ng Wing Ki Kristy.
Full Story: Land Casino Investor Buys Mobile App Company »
OPAP UPGRADE CORE SERVICES
01st February, 2017 at 22:05:07
With Playtech, BetGenius and Novomatic.
Greek betting operator OPAP has announced a trio of new deals with prominent suppliers to upgrade its core services as part of a Euro 100 million investment strategy to be implemented over the next few years.
Full Story: Opap Upgrade Core Services »
CYPRUS AUTHORITIES TURNING UP THE HEAT ON INTERNET GAMBLING
29th November, 2016 at 06:40:03
National Betting Authority reports that around 2,500 illegal gambling websites are currently being ISP-blocked.
The authorities in Cyprus are tightening online gambling counter measures; a parliamentary finance committee was assured this week by the National Betting Authority, which reported to lawmakers that it is in the process of ISP-blocking some 2,500 websites offering illegal online gambling to Cypriots.
Full Story: Cyprus Authorities Turning Up The Heat On Internet Gambling »
PMU AND HELLAS IN HORSE RACING POOL BETTING JV
28th November, 2016 at 14:03:47
Joint venture betting offer on French horse races.
French operator Pari Mutuel Urbain (PMU) and Greek operator Hellas Horse Races SAS have partnered for the launch of a joint pool betting offer on French horseracing.
Full Story: Pmu And Hellas In Horse Racing Pool Betting Jv »
BETRADAR SCORES OPAP DEAL
24th October, 2016 at 09:12:01
Sports betting data and analytics provider to supply major Greek online and land betting group.
Sports betting data and analytics provider Betradar has inked a live betting supply deal with the major Greek licensed retail and online gambling operator OPAP.
Full Story: Betradar Scores Opap Deal »
GREEK ONLINE GAMBLING LICENSES AVAILABLE NEXT MONTH?
18th September, 2016 at 06:36:59
But with tax rates of around 35 percent will operators be interested?
Reports from Greece indicate that after months or dithering, clashes with the European Commission and manoeuvres designed to enhance the sales value of its share in OPAP (see previous reports) the government is finally about to sort out its online gambling licensing debacle.
Full Story: Greek Online Gambling Licenses Available Next Month? »
RIVAL LAUNCH RISE OF POSEIDON
05th September, 2016 at 15:27:15
Ancient Greek Gods and Goddesses
The latest release from Rival is a 30-payline, 5-reel slot titled " Rise of Poseidon".
Full Story: Rival Launch Rise Of Poseidon »
GREEK GOVERNMENT IMPOSES 35 PERCENT ACROSS ALL GAMBLING VERTICALS
24th May, 2016 at 15:00:23
As bailout programme demands additional Euro 1.5 billion.
The Greek Parliament voted for a 35 percent increase in revenue tax across all gambling products late Sunday as it seeks to find Euro 1.5 billion in additional taxes to ensure its next loan tranche is unlocked under the terms of the country's financial bailout programme.
Full Story: Greek Government Imposes 35 Percent Across All Gambling Verticals »
OPAP RESTRUCTURES SENIOR MANAGEMENT TEAM
23rd May, 2016 at 16:22:34
Splits chairman and managing director roles.
Greek gaming firm OPAP will split the roles of chairman and chief executive officer following the completion of a "large scale" internal restructure of the Company.
Full Story: Opap Restructures Senior Management Team »
GREEK GOVERNMENT TO VOTE ON HIGHER GAMING TAXES (Update)
22nd April, 2016 at 10:38:17
The already sky-high tax rate is set to go to 35 percent of GGR.
The Greek government has confirmed that it intends to call a parliamentary vote next week in order to increase the already high tax rate on gaming from 30 percent to 35 percent (see previous reports).
Full Story: Greek Government To Vote On Higher Gaming Taxes (update) »
GREEK GOVERNMENT COMMITS TO REGULATED ONLINE GAMBLING
21st April, 2016 at 17:21:57
But it's going to cost more in terms of taxation.
The Greek government has once again committed to properly and fairly regulating and licensing online gambling in order to replace the highly contentious 24 "temporary" licenses issued and then revoked by government last year, triggering legal actions.
Full Story: Greek Government Commits To Regulated Online Gambling »
GREEK GAMBLING GROUP OPAP REPORTS FULL YEAR GROWTH
01st April, 2016 at 15:53:39
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.
Full Story: Greek Gambling Group Opap Reports Full Year Growth »
ILLEGAL CASINO BUSTED NEAR ATHENS
24th March, 2016 at 09:07:33
65-year-old owner converted his cafe into a concealed live and online gambling establishment.
Greek police in Kallithea, a small town south of central Athens, have shuttered a concealed gambling venue located in a cafe, according to reports Wednesday in the newspaper Ekathimerini.
Full Story: Illegal Casino Busted Near Athens »
GOOD REVENUE GROWTH AT ONLINE GAMBLING GROUP
13th January, 2016 at 15:29:58
Malta-licensed sports betting operator Interwetten posts revenmue growth of 21 percent y-o-y.
The predominantly online sports betting group Interwetten has posted net gaming revenue up 21 percent year-on-year to Euro 50.2 million in 2015, on GGR up 19 percent to Euro 55 million.
Full Story: Good Revenue Growth At Online Gambling Group »
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GREEK GAMBLING GROUP SEEKS HIGH COURT INTERVENTION ON NEW GAMBLING LEVY
13th January, 2016 at 15:29:58