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Balkans

Greek gaming monopoly reports revenue rise

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Greek gaming monopoly reports revenue rise
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Video lottery terminals and betting products helped OPAP report a strong performance in the third quarter.

 

Greece-based OPAP revealed this week its third quarter results, in which the gambling monopoly totaled a 64 percent increase in net profit, driven by the roll out of video lottery terminals (VLTs) and betting products.

The fifth-biggest betting firm by revenues in Europe, OPAP, revealed that net profit during the three month period was US$56.5 million, almost the double than it was reported last year. The company revealed that it reversed litigation provisions after a series of rulings in its favor made then unnecessary and boosted third quarter profit by US$17.4 million between June and September.

The company that was sold by the state four years ago had 5297 VLTs working at the end of September, and helped increase gross revenues by 12 percent to US$422 in the three month period.

Earlier this week, the parliament from Greece passed a law that would reduce the number of VLTs allowed in the country from 25k to 35k by the end of 2019. Nevertheless, OPAP signed an agreement with Inspired Entertainment to receive an additional 1400 VLTs during the first quarter of 2018.

The additional 1400 cabinets will bring the total number of Inspired machines in OPAP’s network to 5360. “As the exclusive operator of VLTs in Greece, OPAP always seeks to cooperate with the industry’s leading providers of modern gaming technology and solutions,” said Damian Cope, OPAP CEO. “We are driven to offer our customers the highest quality of innovative gaming products and pleased to be extending our existing cooperation together.”

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Balkans

AdmiralBet Introduces OKTO.CASH in Serbia

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AdmiralBet, a leading brand in Serbia within the Novomatic Group, has announced the rollout of OKTO.CASH, the fast and direct cash-to-digital payment solution of OKTO. The new integration offers a convenient and secure way for users in the region to top up their igaming accounts with cash, further enhancing the customer experience on AdmiralBet.

The partnership underscores OKTO’s expansion in Serbia and reflects its commitment to delivering easy, fast and secure payment options for players who prefer offline transactions but seek the convenience of online igaming. It allows AdmiralBet customers to deposit cash directly into their gaming accounts instantly, via e-voucher payment of OKTO’s at an always’ growing network of points of sale across the region. The seamless integration allows players to complete deposits without leaving the gaming environment, ensuring an uninterrupted and smooth experience.

OKTO’s CCO Simon Dorsen said: “OKTO has built a strong reputation for aligning its payment solutions with the needs of modern users who prioritize flexibility, convenience, speed, safety, and security. Our proprietary technology is fully integrated with AdmiralBet architecture, enabling instant access to funds without the player needing to exit the app or website. This is the perfect solution for users who want the benefits of the digital world while still using cash, that aligned with AdmiralBet’s user focused payments strategy.”

“Our payment platform is specifically designed to cater to the demands of the Serbian market. We recognize the value of thinking locally, and this partnership delivers real benefits to both players and operators,” he added.

Milan Djurmez, Head of Online Gaming at AdmiralBet, said: “We operate in a highly competitive and fast-paced industry, where delivering the best mobile-first experiences is crucial. OKTO has proven to be a trusted partner with an impressive track record in digital payments in Europe and beyond. We are excited to offer this new cash-to-digital payment solution to our players, further enhancing their experience.”

The collaboration of AdmiralBet with OKTO reaffirms the commitment of all parties to offering state-of-the-art experiences to consumers. As OKTO continues to grow its presence in the Serbian market, this partnership marks a significant step toward modernizing payment methods for the region’s igaming community.

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Balkans

EGT’s Supreme Green Selection made its successful debut in Bulgaria

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EGT's Supreme Green Selection made its successful debut in Bulgaria
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Supreme Green Selection, the latest multigame in EGT’s portfolio, had its debut installation in Bulgaria. The gaming establishments of the leading operator Inbet throughout the country now offer the mix which is available in General Series’ slot cabinets.

Supreme Green Selection is a part of EGT’s latest multigame series Supreme Selection. This mix features 50 exciting titles, including popular games like Rise of Ra, Amazons’ Battle, and Burning Hot, along with new additions such as Rainbow Hot, Mighty Heracle, and Book of Artifacts. They all present players with various themes, eye-catching designs, and many attractive bonuses.

Biserka Draganova, Sales Manager for The Balkans and Egypt at EGT, commented: “I am very happy that we accomplished the first installation of Supreme Green Selection in the gaming halls of the local leader Inbet. The mix has a new interface, different from the other multigames in our portfolio, and allows players to select game according to the category they prefer. It also includes user-friendly updates, making it easier to scroll through and select your preferred games. When presented at this year’s ICE London, Supreme Green Selection immediately caught the attention of operators, players, and industry experts, and its first good results are already a fact. I am confident that the mix will become one of the favorite products of Inbet’s customers.”

Mihail Hadzhiev, Casino Manager at Inbet, also gave positive feedback on the performance of Supreme Green Selection. He stated: “The selection of titles in the multigame is excellent as they keep players engaged for a long time, and during their next visit, our clients are looking for these slots again.” Mr. Hadzhiev added: “We can’t wait to try the other multigame from the series Mega Supreme Fruits Selection, as well as the new Bell Link Boost jackpot.”

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Balkans

Synot Group Debuts at the BEGE in Bulgaria

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For the first time ever, SYNOT Group will present its extensive product portfolio at the Balkan Entertainment and Gaming Exhibition, which will take place from 27th to 28th November at the Inter Expo Center in Sofia, Bulgaria.

“We are delighted to invite all visitors to our booth 2.18 where they will have the opportunity to explore SYNOT’s advanced multigame progressive jackpot systems MAGIC BALL LINK and SUPER LINK, which offer a wide range of exciting themed and fruit linked games,” the company said.

“Visitors can also discover SYNOT’s latest cabinet portfolio, including the state-of-the-art UP2-32, Eclipse FL-32 and UP1-27 models, as well as the latest games from the Firebird system and the proven Explosive Games Premium+ sets.

“Visitors interested in online slots or comprehensive iGaming solutions should not miss the online section, where representatives from SYNOT Games and SYNOT Interactive will be demonstrating the full range of products.

“Given the strategic importance of the Balkan market, our participation at BEGE is of great importance to us. We look forward to interacting with all visitors, presenting our innovative products and demonstrating the SYNOT Group’s cutting-edge solutions. This event is a valuable opportunity to strengthen relationships with both new and existing partners and to explore how our comprehensive land-based and online portfolios can drive mutual success.”

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