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Greece

Greece thinking once again to proceed with license online gambling

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Tryfon Alexiadis, the Deputy Finance Minister of Greece has expressed the view that the current transitional period in which operators offer their online product in Greece has to end. The statement came last week and it’s believed to be the direct result of the economic crisis that has hit Greece last year. It seems that the crisis has lead many greeks to start gambling and even develop an addiction for it.

There has been a 25% increase in the gambling addicts that were seeking help from greek authorities in the last five years.

The number of gamblers and their families who come to the Therapy Center for Dependent Individuals (KETHEA) for help has increased 20-%, said the manager of the ALPHA program, Antonis Parios.

The larger section of these gamblers are online gamblers.

Greece is among the top 10 markets in Europe when it comes to gambling and it is still has not yet been regulated properly to bring revenues from taxing.

Mr. Alexiadis has pre-announced the govt’s intention to proceed with a licensing process and forge a final regulatory landscape in online gaming industry. The announcement came on the 8th of January 2016.

He also pointed out that the 24 online operators that are currently operating under this temporary regime have contributed with minimal taxex to the state coffers (€<60K in the last three years).

There is a large chunk of taxes that could be cashed in by the Hellenic government, so their plans are surely to be implement really fast.

With an experience of over 8 years in the online gambling industry, as an affiliate, later affiliate manager and consultant, I consider myself a veteran of the industry and can guarantee that you will be served with the most accurate information.

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Greece

Playtech BGT Sports debuts QUANTUM digital betting platform with OPAP

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Playtech BGT Sports debuts QUANTUM digital betting platform with OPAP

Greece’s leading gaming company to leverage PBS’s digital platform

Playtech BGT Sports (PBS), the market-leading provider of omni-channel sports betting solutions, has announced the official roll-out of its latest state-of-the-art sports betting digital platform, Quantum, with OPAP, Greece’s leading gaming company.

OPAP will become the first operator to take advantage of PBS digital sportsbook offering as part of its QUANTUM roll-out.  This new agreement follows the existing partnership between PBS and OPAP, following the integration of PBS retail sports betting platform in 2017 across OPAP’s retail network in Greece.

As the undisputed global industry leader for retail betting solutions with over 65,000 terminals live worldwide and 1.1 million bets processed daily, PBS’ QUANTUM enables a first of its kind omni-channel betting operation. It can serve customers’ every retail and online bet entry point simultaneously from one centralised source.

PBS already provides software and services across OPAP’s retail network with its full-size and compact SSBTs, as well as over the counter (OTC) points of sale, totalling more than 14,000 bet entry points.

The QUANTUM digital platform will allow OPAP to tap into new opportunities in the betting market and also provide the operator with a complete toolkit to view and manage its sports betting operations.

Set to be fully managed via the operator’s in-house traders, PBS has also developed a ‘trading cockpit’ for OPAP, ensuring that the operator is ready for 2020 with one of the most efficient sports betting operations available.

Commenting on the new partnership between PBS and OPAP, Playtech BGT Sports CEO Armin Sageder said:

“OPAP is one of the most renowned gaming companies internationally and we’re thrilled to be debuting our state-of-the-art multi-channel sportsbook with them.

“The result of over two years of development, we have no doubt that QUANTUM Digital will prove to be a growth driver for OPAP throughout 2020 and beyond. We look forward to a continued successful relationship together for many years to come”.

Damian Cope, CEO of OPAP added: “The introduction of the PBS platform, across all of our retail betting outlets in Greece, has been a critical element in the improvement and growth of OPAP’s retail sports betting performance. We are therefore pleased to be expanding our partnership with the adoption of the QUANTUM digital platform, which will provide OPAP with a number of exciting new opportunities. We look forward to continuing our productive relationship with PBS in the future.”

 

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Greece

Potential investors keep backing out of Elliniko casino project

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Potential investors keep backing out of Elliniko casino projectReading Time: 1 minute

The much-touted casino project for Elliniko, in Greece, has suffered a set back as most of the international companies seem to have lost interest in the project. Among the six company that had shown interest originally, only three US-based companies remain in the fray now.

Those who still remain interested are Caesars Entertainment, Hard Rock Cafe and Mohegan Sun tribe’s Mohegan Gaming & Entertainment.

According to local media, the terms of the concession by the contractor set to develop the property to the bid’s winner should be resolved over the next few days. However, the process – most likely – would not see a preferred company announced before 2019, as it has been delayed and lasted longer than it was originally expected.

The Elliniko casino project requires the development of an Integrated Resort Casino (IRC) to be built over more than 600k square meters, which will house hotels, convention centres, themed attractions, a 15k square-meter casino and other attractions. The chosen operators will be announced by March 2019.

Source: FocusGN

Source: Latest News on European Gaming Media Network

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Greece

Five companies jostle for casino license at Elliniko

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Five big companies are among acquiring host of companies that are competing to obtain the coveted casino license in Elliniko – Attica’s biggest development. Four US companies – Mohegan Gaming & Entertainment (MGE), Caesars Entertainment, Las Vegas Sands, and Hard Rock Entertainment – and a Chinese company – Melco Resorts & Entertainment Ltd – are the big five in the race.

The Hellenic Gaming Commission (HGC), which will grant new casino operating licenses, has set September 10 as the deadline for submit ing the initial application.

The five big companies are touted the likeliest contenders for the license.

The meetings are held to brief potential investors on the terms and demands of the tender and for investors to inform the Commission on their requests.

The companies in question are requesting full clarity and guaranteed stability of the wider framework governing the casino, sources told Kathimerini. For its part, the HGC will not proceed with the tender before it secures the maximum competition, credibility and price for the investment.

 The tender involves the creation of a so-called Integrated Resort Casino (IRC), built over more than 600,000 square meters and including a mix of hotels, convention and exhibition facilities, themed attractions, entertainment, a 15,000 sq.m. casino, shops, restaurants and other attractions.

The investment is expected to exceed one billion euros, including the infrastructure and the license. Only two such mega-casinos are being developed in Europe – in Spain by Hard Rock Entertainment and in Cyprus by Melco.

This may mean that these two groups may eventually bow out of the consultations, considering the size of the funding required for two such projects, leaving the remaining American groups to battle it out.

Representatives of MGE – which operates and develops five casino groups in the US and South Korea – met with Deputy Economy Minister Stergios Pitsiorlas yesterday and are expected to meet with HGC head Vangelis Karagrigoriou.

Source: Latest News on European Gaming Media Network

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