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OPAP Reports Increase in Profit for Q1 2019

Niji Narayan

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OPAP Reports Increase in Profit for Q1 2019
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OPAP, the Greek lottery and betting operator, has reported a 43.5% increase in first-quarter net profit due to an increase in video lottery and cost reduction.

Gross gaming revenue (GGR) for the period ended March 31 was €396 million, an increase of 5%. Lottery is still OPAP’s biggest revenue source, with an increase of 1.6% year-on-year in the first quarter to €191.7 million. Revenue from VLTs increased 58.9% to €68.9 million. On the other hand, the betting sector of the company posted a 5.3% decrease to €101.7 million.

OPAP said that these results were achieved thanks to lower overall costs in the first quarter. OPAP cut costs by almost 5% from €67.4 million in the first quarter of last year to €64.1 million in the same period this year.

“We are also maintaining our close focus on operational excellence and continue to realise improvements and efficiencies in how we manage our business,” OPAP CEO Damian Cope said.

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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Industry News

Halifax Rolls Out “Gambling Freeze” Feature

Niji Narayan

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Halifax Rolls Out “Gambling Freeze” Feature
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Halifax bank has rolled out a “gambling freeze” feature across its mobile app which will allow customers to block gambling-related transactions. The new feature has been developed in recognition of the ways in which the bank can support customers to manage their money and gamble responsibly.

Customers of the bank will be able to self-exclude both their credit and debit cards from being used at bookmakers and gambling websites.

“We know that people who gamble a higher proportion of their income are more likely to face financial pressure – so we’ve introduced the freeze tool to help them manage that. Importantly, by also introducing a defrost period we’re helping to protect those who might otherwise make an impulsive return to gambling,” Elyn Corfield, Managing Director of Consumer Finance at Halifax said.

Halifax customers who have opted in to the service will not have their cards “unfrozen” for 48 hours, to make sure that customers have “thinking time to ensure their decision isn’t made in haste or under duress.”

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How to know Bitcoin Casino is trustworthy

George Miller

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How to know Bitcoin Casino is trustworthy
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During the last couple of years Bitcoin has completely revolutionized the world of online gambling. The first major shift happened at the end of the millennium when classic online casinos started to disrupt the gambling industry. From then on, it was widely available to enjoy the betting activities from the comfort of the home. Another major shift of gambling industry derived from the fact that people started avoiding online casinos due to the rumors of rigged gameplay, and that’s where the Bitcoin Casinos came into play. Today, the heavy hitters of the BTC Gambling industry are guaranteeing the fairness through various different technologies that came from Blockchain systems.

BTC Casinos command trust through Blockchain systems

Bitcoins and other cryptocurrencies instill the trust of gamblers thanks to using the Blockchain system algorithms that are absolutely bulletproof when it comes to security and safety. It’s a revolutionary concept that provides anonymity and transparency at the same time, by making the processes visible to everyone within the system, while also keeping all the members and their personal data completely hidden. Although, first and foremost the main benefit of the blockchain system for the safe and fair betting is the revolutionary Provably Fair system that many casinos are incorporating into their gameplays.

Provable Fairness of Bitcoin Casinos

Provably Fair is a groundbreaking system that guarantees the just outcome of the gambling activity. It’s based on the blockchain technology and casinos that use PF have absolutely no chance of tampering with the final results of the game. Provably fair uses advanced SHA-2 algorithms to ensure the absolute fairness, while also providing players with the ability to check the final outcome for themselves. You can look at the hash number before the play and notice that the hash was predetermined from the beginning, making it impossible for casino games to see the results before the end of the play. BTC Casinos that incorporate Provably Fair technology can surely be trusted.

Best way to find the Trustworthy Bitcoin Casino

One of the best ways to find yourself a trustworthy crypto-casino is to look at the gambling forums, pages and groups. Another great option is to look for casino review websites. A good example would be Bitcoingamblers.net. Websites like this are providing all the relevant and helpful information a gambler might need when getting accustomed to and choosing the right BTC Casino to play at.

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Latest News

Week 46 slot games releases

George Miller

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Week 46/2019 slot games releases
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Let’s have a look at this week’s latest slot game releases!

Tom Horn Gaming’s latest slot invites players to discover the land packed full with precious diamonds that appear across a 1x3x4x3x1-reel grid with 36 paylines. Diamond Hill, filled to the brim with thrilling action, has all the ingredients to excite players. They are sure to benefit from Multiplier Wilds and a Respin feature that can help them rack up some serious wins. Wild symbols will keep players on their toes throughout the game. They initiate a Wild Multiplier feature that promises an abundance of winning opportunities with a multiplier trail of up to 9x. When the Wilds land on the first or fifth reel they change to multipliers that increase the line win by a specific multiplier.

Tom Horn - Diamond Hill video slot

 

Mobile-first games developer OneTouch is inviting players to enjoy the thrill of the safari from the safety of their own home with its latest release Wacky Wildlife. The 4×4 slot, which can be played on mobile, tablet and desktop, immerses players into a lush and wild environment packed full of animal symbols including lions, zebras and rhinos. Wacky Wildlife follows recent release Steam Vault, which saw the mobile-first operator step back in time to deliver a future classic full of stunning graphics with classic stepper reels.

Wacky Wildlife

 

Play’n GO have returned to the music world for their latest slot Black Mamba, created in partnership with the Italian hard rock band of the same name. After the success of House of Doom, Sabaton and their most recent release, Demon, Play’n GO have once again teamed up with another band to create and unique slot based on their musical stylings. The Italian super band from Italy comprises of four members; Martina Cori (vocals), Alexandra Maiolo (guitar), Cecilia Nappo (bass) and Federico Maragoni (drums), all of whom feature as characters in the game, using their musical skills as part of its special features before coming together in an epic grand finale. The slot includes the band’s original music, as its soundtrack is taken from their newest album Black Mamba II, which was released in October this year. This includes popular tracks such as MonstersNatural Born Disaster and the hit single Watch Me When I Fail, which is performed during the game’s main Free Spins feature.

Play’n GO Hit All the Right Notes With Black Mamba

 

Pragmatic Play invites players on an adventure with the exotic new title, Aladdin and the Sorcerer. The 3×5 video slot welcomes players into the magical world of Aladdin, where jewels adorn the reels in a mystical desert city, as the hero battles an evil sorcerer for riches.

Melissa Summerfield, Chief Commercial Officer at Pragmatic Play, said: “Aladdin and the Sorcerer is an enchanting new addition to our best-in-class slot portfolio.

“The action-packed title boasts exciting features, an immersive storyline and massive payouts, giving players a shot at their own fairytale ending.”

Aladdin and the Sorcerer is the latest creation to join Pragmatic Play’s award-winning collection of slot games, such as Fire StrikeSweet Bonanza, Mustang Gold, and fan-favourite Wolf Gold.

Pragmatic Play Enters A Whole New World In Aladdin And The Sorcerer

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