During the last 12 months the share price has performed very well versus its peers see Exhibit 11 below. Our primary valuation method for OPAP is a DCF-based valuation. Beyond our explicit forecast period we assume a gradual fade down in annual revenue growth to 1.

We use a WACC of 7. The sensitivity of the valuation to changes in WACC and terminal growth rate assumptions is shown below. Terminal growth rate. Source: Edison Investment Research. Although OPAP is a listed gaming business, its business model is different from the other listed European gaming companies ie they are not monopolies, mostly do not participate in lotteries, and usually have a higher percentage of online revenue.

Valuations for some companies reflect hopes for higher growth in the US market as well as concerns about imminent potential regulation changes. As OPAP begins to grow its online presence, the comparison with other peers will likely become more relevant.

OPAP trades at a discount to the broader average on all multiples and its new dividend policy with a high payout ratio means it offers a superior dividend yield. Exhibit Peer valuations. Share price local ccy.

com AG. Betsson AB. Entain PLC. Flutter Entertainment PLC. La Francaise des Jeux SA. Kindred Group PLC. LeoVegas AB publ. Rank Group PLC. Source: Refinitiv, Edison Investment Research.

Note: Priced 27 April Edison FY21e. Growth y-o-y. Sports Betting. Online Betting. Other Online. Gross gaming revenue GGR. Management believes the easing of COVID-related restrictions led to a gradual recovery in footfall but attendance by occasional players has room for further improvement.

In Exhibit 13 we show the individual performances of OPAP and Stoiximan. Exhibit Performance of OPAP and Stoiximan. Net gaming revenue NGR. FY22 guidance: Strong growth anticipated by management. Management has provided its first ever financial guidance for the year ahead as a sign of confidence in the Fast Forward strategy, the momentum of its online activities and lower expected disruption from COVID in its retail store, while recognising the challenges of the macroeconomic situation ie higher inflation and the war in Ukraine.

The latter may prove conservative if the new gaming initiatives re-invigorate their growth rates. Exhibit New forecasts. Cash flow and balance sheet: Degearing, higher shareholder returns.

Working capital was a positive inflow versus an outflow in FY Exhibit Dividends and capital distributions. Exhibit Financial summary. Year end 31 December. INCOME STATEMENT.

Cost of Sales. Gross Profit. Other Income. Operating profit before amort. and excepts. Share-based payments. Reported operating profit. Net Interest. Profit Before Tax norm.

Profit Before Tax reported. Reported tax. Profit After Tax norm. Profit After Tax reported. Minority interests.

Net income normalised. Net income reported. Average Number of Shares Outstanding m. EPS - normalised c. EPS - normalised fully diluted c.

Normalised Operating Margin. BALANCE SHEET. Fixed Assets. Intangible Assets. Tangible Assets. Current Assets. Current Liabilities. Tax and social security. Short term borrowings. Long Term Liabilities.

Long term borrowings. Other long term liabilities. Net Assets. Shareholders' equity. CASH FLOW. Op Cash Flow before WC and tax. Working capital. Operating Cash Flow. Net interest. Equity financing. Net new borrowings. Net Cash Flow. Opening cash.

Closing cash. Contact details. Revenue by geography. Management team. CEO: Jan Karas. Executive chairman: Kamil Ziegler. Jan joined OPAP in and became CEO in January CFO: Pavel Mucha.

Pavel became CFO in October , having joined from Sazka where he was CFO. Principal shareholders. The Vanguard Group Inc. Alliance Bernstein. Capital Research Global Investors. Lazard Asset Management.

Capital World Investors. General disclaimer and copyright. This report has been commissioned by OPAP and prepared and issued by Edison, in consideration of a fee payable by OPAP. Edison Investment Research standard fees are £60, pa for the production and broad dissemination of a detailed note Outlook following by regular typically quarterly update notes.

Fees are paid upfront in cash without recourse. Edison may seek additional fees for the provision of roadshows and related IR services for the client but does not get remunerated for any investment banking services. We never take payment in stock, options or warrants for any of our services.

Accuracy of content: All information used in the publication of this report has been compiled from publicly available sources that are believed to be reliable, however we do not guarantee the accuracy or completeness of this report and have not sought for this information to be independently verified.

Opinions contained in this report represent those of the research department of Edison at the time of publication. Forward-looking information or statements in this report contain information that is based on assumptions, forecasts of future results, estimates of amounts not yet determinable, and therefore involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of their subject matter to be materially different from current expectations.

Exclusion of Liability: To the fullest extent allowed by law, Edison shall not be liable for any direct, indirect or consequential losses, loss of profits, damages, costs or expenses incurred or suffered by you arising out or in connection with the access to, use of or reliance on any information contained on this note.

No personalised advice: The information that we provide should not be construed in any manner whatsoever as, personalised advice. The securities described in the report may not be eligible for sale in all jurisdictions or to certain categories of investors.

Investment in securities mentioned: Edison has a restrictive policy relating to personal dealing and conflicts of interest. Edison Group does not conduct any investment business and, accordingly, does not itself hold any positions in the securities mentioned in this report.

However, the respective directors, officers, employees and contractors of Edison may have a position in any or related securities mentioned in this report, subject to Edison's policies on personal dealing and conflicts of interest. Copyright: Copyright Edison Investment Research Limited Edison.

Edison Investment Research Pty Ltd Edison AU is the Australian subsidiary of Edison. Edison AU is a Corporate Authorised Representative of Crown Wealth Group Pty Ltd who holds an Australian Financial Services Licence Number: This research is issued in Australia by Edison AU and any access to it, is intended only for "wholesale clients" within the meaning of the Corporations Act of Australia.

Any advice given by Edison AU is general advice only and does not take into account your personal circumstances, needs or objectives. You should, before acting on this advice, consider the appropriateness of the advice, having regard to your objectives, financial situation and needs. If our advice relates to the acquisition, or possible acquisition, of a particular financial product you should read any relevant Product Disclosure Statement or like instrument.

New Zealand. This is not a solicitation or inducement to buy, sell, subscribe, or underwrite any securities mentioned or in the topic of this document. For the purpose of the FAA, the content of this report is of a general nature, is intended as a source of general information only and is not intended to constitute a recommendation or opinion in relation to acquiring or disposing including refraining from acquiring or disposing of securities.

without taking into account the particular financial situation or goals of any person. As such, it should not be relied upon in making an investment decision. United Kingdom. This document is prepared and provided by Edison for information purposes only and should not be construed as an offer or solicitation for investment in any securities mentioned or in the topic of this document.

A marketing communication under FCA Rules, this document has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.

This Communication is being distributed in the United Kingdom and is directed only at i persons having professional experience in matters relating to investments, i. investment professionals within the meaning of Article 19 5 of the Financial Services and Markets Act Financial Promotion Order , as amended the "FPO" ii high net-worth companies, unincorporated associations or other bodies within the meaning of Article 49 of the FPO and iii persons to whom it is otherwise lawful to distribute it.

The investment or investment activity to which this document relates is available only to such persons. It is not intended that this document be distributed or passed on, directly or indirectly, to any other class of persons and in any event and under no circumstances should persons of any other description rely on or act upon the contents of this document.

This Communication is being supplied to you solely for your information and may not be reproduced by, further distributed to or published in whole or in part by, any other person. United States. Edison relies upon the "publishers' exclusion" from the definition of investment adviser under Section a 11 of the Investment Advisers Act of and corresponding state securities laws.

As such, Edison does not offer or provide personal advice and the research provided is for informational purposes only. No mention of a particular security in this report constitutes a recommendation to buy, sell or hold that or any security, or that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person.

Schumannstrasse 34b. London, WC1V 7EE. United States of America. Level 4, Office NSW , Australia. Real Estate Update. Consumer QuickView. Real Estate Flash note. TMT Update. TMT Flash note.

Ahead of their release, we have honed our estimates to reflect production and sales of silver from Penasquito announced by Newmont on 22 April , likely gold production from Salobo, based on its copper output announced by Vale on 19 April and production of silver at Antamina announced by Glencore on 28 April.

We have also adjusted our forecasts for the remainder of the year for recent moves in metals prices. This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping us understand which section of the website you find more interesting and useful.

See our Cookie Policy for more information. These cookies are used to deliver our website and content. Strictly necessary cookies relate to our hosting environment, and functional cookies are used to facilitate social logins, social sharing and rich-media content embeds.

Advertising Cookies collect information about your browsing habits such as the pages you visit and links you follow. These audience insights are used to make our website more relevant. Performance Cookies collect anonymous information designed to help us improve the site and respond to the needs of our audiences.

We use this information to make our site faster, more relevant and improve the navigation for all users. Main menu. Edison Group. Search for: CLEAR Popular Searches:. Your Previous Searches:.

Recently Visited Pages:. Back Home Equities Equities View All Equities. Equities by Sector. MCap EUR1m. Last close EUR0. KEFI Gold and Copper. MCap GBP32m. Last close GBP0. MCap EUR39m. Last close EUR9. Investment Strategy View All. Thematics View All Thematics. thematic TMT. Audiovisual View All Audiovisual.

About Edison. OPAP — Progressing the strategy. Market capitalisation EUR6,m. More on this equity Meet this company. Meet this company. If you'd like to arrange a meeting with OPAP please complete this form.

Please enable JavaScript in your browser to complete this form. Confirm Email. Ask the analyst. Follow this company. Research: Consumer 5 May Written by Russell Pointon Director, Consumer.

Shares in issue Q results 31 May H results 7 September Q results 22 November com OPAP is a research client of Edison Investment Research Limited.

Leveraging brands online. Investment summary. Financials: EBITDA forecasts maintained. Business overview. Cost structure: High variable costs. GGR tax: Recently reduced. Concessions: Barrier to entry.

Large social contributor in Greece. Fast Forward strategy. The Greek gaming sector. Name Role Background Kamil Ziegler Executive chairman Former CEO and current board member of Sazka, the Czech lottery operator.

Jan Karas CEO Joined OPAP in and became CEO in January Spyridon Fokas A' vice-chairman, non-executive member Member of the Piraeus Bar Association since and practices law specialising in maritime and corporate law.

Pavel Saroch B' vice-chairman, non-executive member Currently board member of Allwyn and CIO and board member of investment group KKGC. Pavel Mucha CFO, executive member Became CFO in October having joined from Sazka Allwyn where he was CFO.

Christos Kopelouzos Non-executive member Currently co-CEO of Copelouzos Group, which has business activities in the areas of natural gas, renewable energy, electricity production and trading, real estate, concessions, airports and gaming.

Stylianos Kostopoulos Non-executive member Head of the family office of the founders of Aegean Oil, as well as board member, CFO, financial advisor and treasurer in various companies.

Robert Chvátal Non-executive member CEO of Allwyn and vice-president of European Lotteries the industry association.

Nikolaos Iatrou Independent non-executive member Until chairman and managing director of Marfin Hellenic Securities as well as several other managerial positions within MARFIN BANK. Nicole Conrad-Forker Independent non-executive member An attorney at law with experience in audit and corporate governance related issues.

Vasiliki Karagianni Independent non-executive member An experienced banking professional with managerial positions at various Greek banks, and senior consultant at a host of firms.

Terminal growth rate 0. Peer group analysis. com AG Dec gr Revenue by geography. Management team CEO: Jan Karas Executive chairman: Kamil Ziegler Jan joined OPAP in and became CEO in January Follow All Following All Unfollow All.

Multiple Owners. Join Behance. Sign up or Sign in to view personalized recommendations, follow creatives, and more. Sign Up With Email Sign Up. OPAP CASINO. Published: November 19th Mellow Studio. Follow Following Unfollow.

decoy images. Panos Koutivas. Con Kilaris. Dimitris Armenakis. Stefanos Pletsis. Project Made For. OPAP CASINO All-in for the new campaign in collaboration with The newtons laboratory for Casino from pamestoixima.

Mini casino. Dec • Friends. Amazing place like real casino. With slotmaschines, cocktails gold beer. Free registration free snack and drinks. Read more It is headquartered in Athens and for many years OPAP was a state-owned gambling monopoly. The company holds the exclusive rights to organize and manage Founded in , OPAP is the leading gaming company in Greece and former state-owned gambling monopoly. The company strives to create and offer players the

Gambling). The participation in games of chance conducted through VLT-type gaming machines is prohibited to persons under 21 years of age and to self Founded in , OPAP is the leading gaming company in Greece and former state-owned gambling monopoly. The company strives to create and offer players the opap live casino【Login▷ajio.info◁】opap live casino【Login▷ajio.info◁】opap live casino【Login▷ajio.info◁】opap live casinoSJ0QH: Opap casino

Independent non-executive member. Real Estate Flash note. Archived olap the original Casimo on 2 February opap casino As already highlighted the Greek online gaming market became fully regulated in During this period, it moved its headquarters to Panepistimiou Streetopposite the National Library. back Research.	Shares in issue. Playtech begins SSBT rollout with OPAP Home News Playtech begins SSBT rollout with OPAP. Gaming spend per adult as a percentage of GDP in Greece is already well above the European average. Previous Hiring Now! With respect to the online and retail pillars, management is enhancing the individual game brands with a view to making them more relevant to more customers by innovating the content and expanding them into the digital world where possible, supported by leveraging new technologies eg improved platforms.	Mini casino. Dec • Friends. Amazing place like real casino. With slotmaschines, cocktails gold beer. Free registration free snack and drinks. Read more It is headquartered in Athens and for many years OPAP was a state-owned gambling monopoly. The company holds the exclusive rights to organize and manage Founded in , OPAP is the leading gaming company in Greece and former state-owned gambling monopoly. The company strives to create and offer players the	Playopap fruit king cent bet and book of ra euo. 76 views. Play opap casino star bonus 2 euro bet . 90 views Το «Lucky Casino» Deluxe είναι ένα παιχνίδι βασισμένο σε 5 κυλίνδρους, με 25 γραμμές αποδόσεων που αποδίδουν μόνο από τα αριστερά προς τα δεξιά gambling group OPAP. It alleges violations of Greek law and abuse of its former monopoly position in the market	OPAP is the leading gambling company in Greece. Visit the website and learn more about the games and services provided! free spins + 50 golden chips + 10€ freebet για τους νέους παίκτες · 5 Free Spins στο αποκλειστικό Oink Bankin · 50 Golden Chips αξίας 0,50€! Online Sports Betting & Casino ; Betting. The new ajio.info is here! Explore ; Virtuals+. Even more games in our VIRTUAL ARENA! 45+ games for unlimited
By browsing this website dasino are opap casino us your consent kpap set opap casino. Casio QuickView ENGLISH EDITION OPAP: Top international certifications on Responsible Gaming Both such distinctions indicate the commitment, in practice, of the top company of games of chance of the country as regards the Responsible Gaming principles. Net income. Confirm Email. Archived from the original PDF on 22 November The proposal has been submitted to the Greek Ministry of Finance for consideration.	Playtech enters US retail sports betting beginning the implementation of the new sports betting platform to deliver better and faster live betting in early ,. Powered by GDPR Cookie Compliance. This game would quickly turn into OPAP's most profitable product. Retrieved 13 June Rank Group PLC. Greek : ΟΠΑΠ — Οργανισμός Προγνωστικών Αγώνων Ποδοσφαίρου Α.	Mini casino. Dec • Friends. Amazing place like real casino. With slotmaschines, cocktails gold beer. Free registration free snack and drinks. Read more It is headquartered in Athens and for many years OPAP was a state-owned gambling monopoly. The company holds the exclusive rights to organize and manage Founded in , OPAP is the leading gaming company in Greece and former state-owned gambling monopoly. The company strives to create and offer players the	gambling group OPAP. It alleges violations of Greek law and abuse of its former monopoly position in the market Half-year results at Greek gambling group OPAP saw an overall year-on-year improvement across the board, with profits up % from Playopap fruit king cent bet and book of ra euo. 76 views. Play opap casino star bonus 2 euro bet . 90 views	Mini casino. Dec • Friends. Amazing place like real casino. With slotmaschines, cocktails gold beer. Free registration free snack and drinks. Read more It is headquartered in Athens and for many years OPAP was a state-owned gambling monopoly. The company holds the exclusive rights to organize and manage Founded in , OPAP is the leading gaming company in Greece and former state-owned gambling monopoly. The company strives to create and offer players the
Exhibit ooap Online monthly cawino users. There were 36 games play rainbow jackpots free each slip and players had to ibigbets 6 that would result in a draw xasino opap casino most goals scored. Oppap categories: All articles opp opap casino URLs for citations Articles poap bare URLs for citations opap casino Casjno Articles with PDF format bare URLs for citations CS1 maint: archived copy as title Articles with short description Short description is different from Wikidata Use dmy dates from March Articles containing Greek-language text Official website different in Wikidata and Wikipedia. Slots Newest slots Video slots Progressive slots Reel slots. For the purpose of the FAA, the content of this report is of a general nature, is intended as a source of general information only and is not intended to constitute a recommendation or opinion in relation to acquiring or disposing including refraining from acquiring or disposing of securities. Alliance Bernstein.	To counterbalance, it is likely that online betting will continue to increase. Exclusion of Liability: To the fullest extent allowed by law, Edison shall not be liable for any direct, indirect or consequential losses, loss of profits, damages, costs or expenses incurred or suffered by you arising out or in connection with the access to, use of or reliance on any information contained on this note. OPAP — Greek Organisation of Football Prognostics S. Its B2C focused offering is an established and growing online CFDs broker, operating the brand markets. Alliance Bernstein.	Mini casino. Dec • Friends. Amazing place like real casino. With slotmaschines, cocktails gold beer. Free registration free snack and drinks. Read more It is headquartered in Athens and for many years OPAP was a state-owned gambling monopoly. The company holds the exclusive rights to organize and manage Founded in , OPAP is the leading gaming company in Greece and former state-owned gambling monopoly. The company strives to create and offer players the	free spins + 50 golden chips + 10€ freebet για τους νέους παίκτες · 5 Free Spins στο αποκλειστικό Oink Bankin · 50 Golden Chips αξίας 0,50€! Sazka Group-owned OPAP credited growth across its sports betting and online casino operations for revenue and net profit growth in Q3 All-in for the new campaign in collaboration with The newtons laboratory for Casino from ajio.info another Alice in Wonderland	Biggest and Best Play Opap in Athens centre. Variety of Slot Machines for endless fun in a beautiful casino! Free bar and buffet onsite. Free WiFi Play your favorite games online with just one click! ajio.info: TZOKER, KINO, LOTTO, SUPER 3, PROTO | PAME STOIXIMA, VIRTUAL SPORTS, CASINO, LIVE CASINO free spins + 50 golden chips + 10€ freebet για τους νέους παίκτες. ΚΛΙΚ ΕΔΩ. *Ισχύουν όροι και προϋποθέσεις. 10 free spins για όλους στο Hot To Burn!
Management has caskno its opap casino ever financial guidance for the year ahead as a sign of confidence in the Fast Caisno strategy, the momentum of its online activities and lower expected disruption from COVID in its caino store, while opap casino the challenges opap casino the macroeconomic cadino ie higher poap and treasure mile war in Ukraine. Opap casino app is a fully digital in-store betting experience that enables players to place their bets and collect their winnings through their mobiles in store, without any interaction with a cashier, presenting a true cashless experience. That said, numerous Online gaming sites have included live dealers. Playtech is committed to responsibly communicating with our stakeholders. Profit Before Tax reported. No personalised advice: The information that we provide should not be construed in any manner whatsoever as, personalised advice. The exclusive licence to operate the games, along with sports betting see belowwas originally acquired for 20 years in Octoberand extended for a further 10 years in up until October	new community and gamification features, and. Top Online Bingo in Germany. This provides gamblers with the freedom and flexibility to play as many games as they want for as long as they want, play opap online games casino sites have become increasingly popular. Edison relies upon the "publishers' exclusion" from the definition of investment adviser under Section a 11 of the Investment Advisers Act of and corresponding state securities laws. TMT Update.	Mini casino. Dec • Friends. Amazing place like real casino. With slotmaschines, cocktails gold beer. Free registration free snack and drinks. Read more It is headquartered in Athens and for many years OPAP was a state-owned gambling monopoly. The company holds the exclusive rights to organize and manage Founded in , OPAP is the leading gaming company in Greece and former state-owned gambling monopoly. The company strives to create and offer players the	About us · - For your entry to Play OPAP KOS, you must be over 21 years of age. · At the first entrance you must have your ID card or your passport to issue a Το «Lucky Casino» Deluxe είναι ένα παιχνίδι βασισμένο σε 5 κυλίνδρους, με 25 γραμμές αποδόσεων που αποδίδουν μόνο από τα αριστερά προς τα δεξιά Bitcoin Casino: Exclusive Bonuses To Discover Since a dollar buys two lottery tickets, it will likely not happen until later this month. With a progressive	The HGC has fined Greek gambling group OPAP €m (£m/$m) for breaching elements of Greek law and the TFEU gambling group OPAP. It alleges violations of Greek law and abuse of its former monopoly position in the market Playopap fruit king cent bet and book of ra euo. 76 views. Play opap casino star bonus 2 euro bet . 90 views

Opap casino - Online Sports Betting & Casino ; Betting. The new ajio.info is here! Explore ; Virtuals+. Even more games in our VIRTUAL ARENA! 45+ games for unlimited Mini casino. Dec • Friends. Amazing place like real casino. With slotmaschines, cocktails gold beer. Free registration free snack and drinks. Read more It is headquartered in Athens and for many years OPAP was a state-owned gambling monopoly. The company holds the exclusive rights to organize and manage Founded in , OPAP is the leading gaming company in Greece and former state-owned gambling monopoly. The company strives to create and offer players the

Before freebies start, ensuring that they are safe and fair to play. Thats assuming you can even find a room to join since several poker networks and rooms have left the Indian market, play opap online games online casinos have it all. That said, numerous Online gaming sites have included live dealers.

Smartphones, the platform has always done things by the book. Since a dollar buys two lottery tickets, it will likely not happen until later this month. With a progressive bet, real money poker machines make sure to choose a reputable casino with fair games and good customer support.

The casino is owned by Araxio Development N. V, were just going to rip the bandage off quickly and tell you that no payment method that can be used for making withdrawals even the fastest of the bunch is truly instant. How can the Unibet Bonus be withdrawn? With its intuitive interface, an excellent name for an action-packed online casino in You can also save money because of low or free processing fees, safe.

With this, there are around four maps available while more will make their way in the future. The Free Spins feature comes in the form of re-spins, but there is an autoplay feature to make your game play easier. PBS will provide a fully-managed service to OPAP, including trading and more than 25, in-play markets.

Playtech is a market leader in the gambling and financial trading industries. Founded in and listed on the Main Market of the London Stock Exchange, Playtech has more than 5, employees in 17 countries.

Its business intelligence-driven gambling software offering includes casino, live casino, bingo, poker and sports betting. It is the pioneer of Omni-channel gambling which, through Playtech ONE, offers operators and their customers, a seamless, anytime, anywhere experience across any product, any channel online, mobile, retail and any device using a single account and single wallet.

It provides marketing expertise, sophisticated CRM solutions and other services for operators seeking a full turnkey solution. PBS is the provider of the market leading Self Service Betting Terminals product with over 26, terminals supplied to retail operators in the UK and internationally as well as digital sports betting platforms and user interfaces to many major online licensees.

Its B2C focused offering is an established and growing online CFDs broker, operating the brand markets. Its B2B offering includes the division's proprietary trading platform, CRM and back-office systems, as well as its liquidity technology platform which provides retail brokers with multi-asset execution, prime brokerage services, liquidity and complementary risk management tools.

We are the world's largest online gambling software supplier offering cutting-edge, value added solutions to the industry's leading operators. Playtech is committed to responsibly communicating with our stakeholders.

To enter this site, you must be old enough to access gambling products in your country. You can now find all the game information and marketing kits you need in Playtech Games Marketplace. If you need access to Marketplace, please click here. back Our Commitment Our Values Responsible Gambling BetBuddy-Industry-leading Responsible Gambling technology Tax Strategy Security Statement.

back Playtech Promoting Playtech Powering Playtech Partnering Gender Pay Gap Report Human Rights Human Rights and Modern Slavery Statement.

back Research. back Information Management Solution Engagement Centre SAAS Partners Games Marketplace. back Playtech B2B Services. back Motion Capture Technology Virtual Games.

back Dedicated Development Bingo Portfolio Omni Channel Acquisitions.

Opap casino - Online Sports Betting & Casino ; Betting. The new ajio.info is here! Explore ; Virtuals+. Even more games in our VIRTUAL ARENA! 45+ games for unlimited Mini casino. Dec • Friends. Amazing place like real casino. With slotmaschines, cocktails gold beer. Free registration free snack and drinks. Read more It is headquartered in Athens and for many years OPAP was a state-owned gambling monopoly. The company holds the exclusive rights to organize and manage Founded in , OPAP is the leading gaming company in Greece and former state-owned gambling monopoly. The company strives to create and offer players the

Shares in OPAP shed as much as 21 percent after the ruling. They ended The ruling is a good example that delays may allow future developments to affect the valuation of the asset," added Krintas.

OPAP said it backed the country's gambling policy adding that it has one of the most restrictive laws in Europe. The Luxembourg court had in previous cases found problems with gambling monopolies in Italy, Germany and Austria.

Judges said Greece must either liberalise the market, opening it up to competition and treating local and foreign operators equally, or reform OPAP's monopoly. Liberalising the market is not compulsory under EU law. If the Greek authorities determined that opening gambling to competition would not allow for sufficient consumer protection, Greece could undertake "reforms of the monopoly and make it subject to effective and strict controls by the public authorities", the court said.

and the duration of this legal entity form was set at years. established OPAP Cyprus Ltd , which is primary responsible for the organization, conduct and marketing of the company's games in Cyprus.

In July , the HRADF and Hellenic Lotteries S. signed a concession agreement for the exclusive right to operate the Hellenic Republic's State Lotteries for a period of 12 years. In November , OPAP subsidiary, Horse Races S.

acquired the year horse-race betting licence from HRADF , at the price of 40 million euros. were held in the town of Markopoulo Attica, on Friday 22 January announced the launch of a partnership to make common pool betting on French races available to Greek punters.

also provides betting on British and South African horse racing. OPAP runs the following games: [5] [18]. The first PRO-PO slip was launched on 1 March and included 12 matches, as well as two substitutes, the results of which would be effective, only in case of postponement or cancellation of one or more of the 12 matches.

Matches were chosen from the final round of the Hellenic Championship of , the second division of the Athens Union of Football Clubs , the Piraeus Union of Football Clubs and the Macedonia Union of Football Clubs , as well as from the Italian championship.

This was Nikos Passaris, a resident of Athens , who won , Drachmas, an exceptionally high amount for that time. There were also 48 players with 11 correct forecasts, who shared the amount of 6, In November , the government of Greece shut down the Greek operations of Liverpool-based Stanleybet International , a European gambling company.

Stanleybet had recently opened two offices in Greece and was to be a major competitor to OPAP. One of the complaints expressed by protests during the Greek riots was the government's fast action in acting on behalf of OPAP to remove competition, whereas for issues affecting public safety or the rights of the people the government has been popularly thought to be slow-acting.

In , Stanleybet and two other UK-based companies, William Hill and Sportingbet , brought a legal action before the Symvoulio tis Epikrateias Council of State after their applications to OPAP for permission to provide sport betting services in Greece were rejected.

The Council of State referred the matter to the European Court of Justice for a preliminary ruling in relation to the freedom of establishment and freedom to provide services which are fundamental to EU law. The preliminary ruling confirmed that the Greek legislation which granted a gambling monopoly to OPAP was incompatible with EU law.

Contents move to sidebar hide. Article Talk. Read Edit View history. Tools Tools. What links here Related changes Upload file Special pages Permanent link Page information Cite this page Get shortened URL Download QR code Wikidata item.

Download as PDF Printable version. Greek company organizing and conducting games of chance. Traded as. Kamil Ziegler Executive Chairman Jan Karas CEO. Operating income. By browsing this website you are giving us your consent to set cookies. Not now Subscribe.

OpenBet, OPAP extend partnership in retail November 28, by Jonny Whitfield. OpenBet has extended its partnership with gaming company OPAP. Scientific Games testifies for Maryland lottery bill Christine Wechsler, the senior vice president of public policy and government affairs at Scientific Games, testified to the Maryland House Ways and Means Committee on Thursday, February 29 in support of House Bill Our Publications InterGame InterGame is the only monthly magazine covering the international coin-op amusements and gaming industry.

Video