Tag Archives: OPAP
Greece – OPAP to sue Greek government for over €1bn
Greek gaming giant OPAP has confirmed that it will now take legal action against the Greek government for moving the goal posts on its agreed VLT deal. The rollout of Greek operator OPAP’s first wave of VLTs had been delayed following new stipulations from the Hellenic Gaming Commission on how the machines must work introduced…
Greece – OPAP to take Greek government to court over new gaming tax
Greek gambling operator OPAP is considering taking legal action against the Greek government if it introduces a new gambling tax that OPAP believes will render any future VLT sector unworkable. OPAP has slammed the potential gambling tax, agreed in principal by the country’s government and its international creditors, as counterproductive saying it would actually damage…
Greece – OPAP delays VLT rollout in light of new machine regulations
The rollout of Greek operator OPAP’s first wave of VLTs has been delayed following new stipulations from the Hellenic Gaming Commission on how the machines must work. The delay, which will affect companies such as Scientific, IGT, Inspired and Synot are also expected to cost the troubled Greek economy millions of euros. OPAP has said…
Greece – Synot signs OPAP agreement
Synot is to supply 2,000 VLTs to the Greek lottery. An agreement for the supply of VLTs to OPAP, a company which has a gaming monopoly in Greece, was signed this week. “We consider this as an important step forward. Synot has succeeded as one of only two European suppliers in a tender that involved VLT suppliers from all over…
Greece – Greek gambling market finally rebounds with nine per cent increase
Following several years of declining revenue, the Greek gambling industry has finally rebounded showing an increase of nine per cent in 2014, compared to the previous year, according to results released by the Greek Gaming Industry Association (EEEP). Having been adversely affected by the country’s financial crisis, which has seen the Greek government in negotiations…
Greece – Inspired to provide 3,960 VLTs to OPAP
Inspired has signed a contract to provide OPAP with 3,960 VLTs for the Greek gaming market. OPAP has the exclusive 10-year licence to operate in Greece 35,000 VLTs; 16,500 VLTs through its own network and the remaining 18,500 VLTs will be subcontracted to four to ten sub-concessionaires. Luke Alvarez, Founder and CEO of Inspired, said:…
Greece – Scientific to supply OPAP with 5,000 VLTs
Scientific Games has signed a contract to provide Greek operator OPAP with 5,000 video lottery terminals pursuant to OPAP’s 10-year license to operate a network of 16,500 VLTs across the country. Deployment is expected to begin in spring 2015 and conclude by the end of the year. “We are proud to be chosen as one…
Greece – OPAP expects to generate €1bn a year from VLT roll-out
Greek lottery operator OPAP is predicting profits of between €800m and €1bn per year from its Video Lottery Terminals (VLTs) once they have been rolled out and are in full operation. The company is pushing forward with its plan to develop a network of gaming hall under the brand Play in order to host the…
Greece – Greek court rules OPAP monopoly is entirely compliant
A Greek court has ruled that the monopoly held by OPAP is completely compliant with EU legislation and that the country’s reforms in terms of online gambling are also completely compliant. The court said that OPAP’s aims to protect Greek players from illegal online operators was central to its ruling. Operators such as William Hill,…
