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Greek Organisation of Football Prognostics SA (OPAr.AT)

OPAr.AT on Athens Stock Exchange

18 Aug 2017
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Latest Key Developments (Source: Significant Developments)

OPAP says to conclude video lottery business roll out by May 2018
Wednesday, 14 Jun 2017 08:33am EDT 

June 14 (Reuters) - Greece's OPAP ::Says to conclude roll out of 16,500 video lottery terminals (VLTs) by May 1, 2018.Says new business accounts for 60-70 percent of gross gaming revenues in first few weeks of operation.Has installed 1,355 VLTs from Jan. to March this year.  Full Article

OPAP to launch 5-year bond offering on March 15
Thursday, 9 Mar 2017 06:55am EST 

OPAP : To launch 5-year retail bond offering on March 15 . Offering will run until March 17 . Bonds to trade on the Athens Stock Exchange . Seeks to raise up to 200 million euros Further company coverage: [OPAr.AT] (Reporting by Angeliki Koutantou) ((angeliki.koutantou@thomsonreuters.com;)).  Full Article

OPAP says may issue bond loan up to 200 million euros
Wednesday, 1 Mar 2017 03:35pm EST 

OPAP says:.  Full Article

Greek Organisation Of Football Prognostics SA - Greek betting firm operators strike against new tax - Reuters
Monday, 30 Nov 2015 10:55pm EST 

Greek Organisation Of Football Prognostics SA:Greeks operating the shops of the country's biggest betting firm OPAP OPAr.AT walked off the job on Tuesday to protest against a new gaming tax the government imposed to meet its international bailout obligations - RTRS.Despite Greece's financial woes and harsh austerity, which have caused the economy to shrink by about a quarter in the last six years, Greeks remain fervent punters with OPAP generating revenues of 4.3 billion euros ($4.55 billion) last year - RTRS.The shops, mainly family businesses, closed for a day and hundreds of operators marched to the finance ministry in central Athens, chanting "No to a parody tax, no to measures which will close our shops." - RTRS.The operators say the new flat tax of 5 cents on all bets placed with OPAP from 2016 will hit a business that provides job to 22,000 people and force about 1,000 shops to close. About a quarter of the workforce is unemployed - RTRS.Private and public sector workers will stage a one-day general strike on Thursday against further pension cuts which the government was required to implement to conclude a first progress review under a third EU/IMF bailout programme agreed in August, and start debt relief talks - RTRS.OPAP has told the government that the tax violates its monopoly and Chief Executive Kamil Ziegler said on Monday that the company was also preparing other legal steps - RTRS.  Full Article

Greek Organisation Of Football Prognostics SA - Greece's OPAP takes legal action against government - Reuters
Thursday, 26 Nov 2015 06:30am EST 

Greek Organisation Of Football Prognostics SA:OPAP took its row with the Greek government to an international arbitration court on Thursday, saying unexpected tougher rules threatened the viability of its new video lottery business - RTRS.OPAP, one of Europe's biggest gambling firms, has paid 560 million euros ($594 million) to launch 35,000 video lottery terminals in the country - RTRS.It had planned to start operating the first of its 16,500 machines at the end of June but put the project on hold after the government imposed new rules on June 12. It saw the business as a big growth driver - RTRS.The government's new rules were designed to protect consumers who could risk losing large sums or become addicted. They call for lower jackpot levels, daily loss limits and curbs on the length of play time allowed - RTRS.OPAP said it expected damages from its freezing of the plan to exceed 1 billion euros and has taken the case to the London Court of International Arbitration - RTRS.OPAP, a former state monopoly, which has been majority owned and managed by a Greek-Czech fund since 2013, said it also notified the Greek government on Thursday that a new tax on its games was violating its monopoly - RTRS.  Full Article