Greek gaming firm's new lottery machines held up by new rules

Greek betting firm OPAP has delayed the planned launch of its video lottery terminals, saying it needs more time to ensure the machines comply with new, tougher rules on machine-based gambling introduced by the current government. OPAP said it had not been expecting the new regulations, which were published on June 12 and call for lower jackpot levels, daily loss limits and length of play time allowed. In a June proposal that Greece had made to creditors, the government estimated that it could reap some 35 million euros (25 million pounds) in 2015 and some 225 million in 2016 in revenues from video lottery terminals.

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Joker lottery jackpot of 9.5 mln goes to one winner

One person has won the rollover jackpot on 9.5 million euros in Greece’s Joker lottery.

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This risky Greek lottery stock is a gamble worth taking

OPAP OPAP, +1.05% whose full name is the entertaining and exciting Greek Organisation of Football Prognostics, is the dominant lottery and ...

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This risky Greek lottery stock is a gamble worth taking

OPAP OPAP, +1.05% whose full name is the entertaining and exciting Greek Organisation of Football Prognostics, is the dominant lottery and ...

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Thousands play lottery as prize climbs to 5.5 mln

Thousands of Greeks filled in forms for the Joker lottery on Friday after Thursday’s draw did not result in any winners, meaning that the next draw on Sunday will have a jackpot of 5.5 million euros.

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Intralot proposes formation of Greek National Lottery

Socrates Kokkalis, group chairman of Intralot, has revealed that the gaming and lottery provider has put forward a proposal to the Greek Government ...

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Greece’s Gambling Industry Flourishes Again

Greece’s gambling industry thrives again after the non so prosperous years that followed 2009 and the beginning of Greek crisis. According to the Greek Gaming Industry Association (EEEP), the Greek state received around €525 million in taxes in 2014 from gambling institutions. Specifically, Greeks spent the noticeable amount of around €5.9 billion on betting games signifying a new promising era for the country’s gaming market. The lovers of gambling excitement in Greece augmented their spendings on games of chance by 9% from the previous year, according to a relevant report that was published in Kathimerini newspaper.  They reached an average addition increase of around €15 per individual debt (€187 per individual debt in 2014, €172 in 2013). OPAP, the Greek Organization of Football Prognostics, earned €3.8 billion of the total €5.9 billion, while €500m went to its subsidiary Hellenic Lotteries. Great revenues were noticed at the casinos, as well as, the Horse Racing Organization of Greece (ODIE).

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Greece’s Gambling Industry Flourishes Again

Greece’s gambling industry thrives again after the non so prosperous years that followed 2009 and the beginning of Greek crisis. According to the Greek Gaming Industry Association (EEEP), the Greek state received around €525 million in taxes in 2014 from gambling institutions. Specifically, Greeks spent the noticeable amount of around €5.9 billion on betting games signifying a new promising era for the country’s gaming market. The lovers of gambling excitement in Greece augmented their spendings on games of chance by 9% from the previous year, according to a relevant report that was published in Kathimerini newspaper.  They reached an average addition increase of around €15 per individual debt (€187 per individual debt in 2014, €172 in 2013). OPAP, the Greek Organization of Football Prognostics, earned €3.8 billion of the total €5.9 billion, while €500m went to its subsidiary Hellenic Lotteries. Great revenues were noticed at the casinos, as well as, the Horse Racing Organization of Greece (ODIE).

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Prize in Jackpot lottery grows to 17 mln as 15th draw fails to find winner

There were no winners in Sunday’s draw for the Jackpot lottery in Greece for the 15th draw in a row. As a result, it is expected that the prize will reach 17 million euros when the next draw is held on Thursday. The numbers in Sunday’s draw were 42, 39, 1... ...

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RGA Continues Attack On Greek Gambling Laws

The Greek government has received another demand by the Remote Gambling Association (RGA) to open its igaming market to competition. The RGA ...

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RGA blasts Greek gambling laws as OPAP monopoly deemed legal

The Remote Gambling Association (RGA) has once again called on the Greek government to revise its iGaming legislation to introduce an open, ...

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RGA hits out at Greek gambling monopoly

The Remote Gambling Association (RGA) has aired its concerns over the current Greek online gambling regime and called for the introduction of an ...

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The Remote Gambling Association Asks Greece to Stop the Monopoly

Two days after Greece's betting monopoly was declared legal by a ruling of the country's Council of State, the Remote Gambling Association (RGA) ...

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Greece's Betting Monopoly Declared Legal

Greece's betting monopoly is here to stay, as a Greek court ruled that the position held by the Greek gambling monopolistic company OPAP is legal ...

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Greek court says OPAP's betting monopoly is legal

A Greek court ruled on Tuesday that OPAP's betting monopoly in the country is legal, court officials said, rejecting a long-standing challenge by rival firms and securing the company's market dominance in Greece. OPAP, one of Europe's biggest betting firms, has the exclusive right to offer lotteries in debt-laden Greece until 2030 and sports betting until 2020. Greece's court, the Council of ...

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OPAP to bid €40m for Greek horseracing betting licence

Greek gambling monopoly OPAP is set to bid €40 million ($52.5 million) for the country's horseracing betting licence, according to various reports.

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OPAP to bid for re-launched Greek horse race betting tender

Greece's privatisation agency HRADF has re-launched an exclusive tender to organize and conduct mutual betting on horse races in Greece after ...

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Cyprus Casinos On Their Way

Greek Cypriots will soon have no reason to visit the Turkish part of the island to calm their gambling thirst, as Cyprus’ government announced that the first license to open a casino resort in the Southern part of the island will be granted by August 2015. Speaking about the issue on Friday, August 1, government […] The post Cyprus Casinos On Their Way appeared first on The National Herald.

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