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Greece’s Capital Markets Commission Approves Sazka’s Bid for OPAP

Niji Narayan

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Greece’s Capital Markets Commission Approves Sazka’s Bid for OPAP
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Greece’s capital markets commission has approved the bid by Sazka Group to acquire the Greek gaming firm OPAP.

In 2013, Greece sold a 33% stake in OPAP to Emma Delta, currently owned by Sazka Group and Georgios Melissanidis.

In July, Sazka Group launched an offer to acquire up to 67% of OPAP’s outstanding shares for 9.12 euros each.

More than 2 billion euros had been earmarked for the project, President of Sazka Group Karel Komarek said, calling the offer “a strong confirmation” of the Group’s confidence in the Greek economy.

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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Peter Schmeichel Becomes Global Ambassador of STS’s “Bet with the leaders” Campaign

Niji Narayan

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Peter Schmeichel Becomes Global Ambassador of STS’s “Bet with the leaders” Campaign
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Polish bookmaker STS has launched a new campaign “Bet with the leaders.” Former Manchester United and Denmark goalkeeper Peter Schmeichel is the global ambassador of the campaign.

The cooperation between STS and Peter Schmeichel started in autumn 2019. New promotions with him will be seen on television, entertainment and digital platforms.

“The global ambassador of our Bet with the leaders campaign, is Peter Schmeichel, an award-winning figure well known throughout the world. The footballer with Polish roots is a perfect example of the fact that fortune favours the brave. He took up the challenge of playing abroad, which turned out to be a path to numerous successes in the sports world. This is incredibly close to our philosophy regarding the international expansion of STS,” Mateusz Juroszek, chief executive of STS said.

“With this new campaign, we are upgrading our logo, which visually represents the fundamental values that, as a brand, we have inscribed in our DNA – modernity, dynamics and a strong and sporty character. We constantly put people who are passionate about sports at the centre of our attention, thus having enough skills to make good predictions,” Mateusz Juroszek added.

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Czech Ministry of Finance Defends its Decision to Increase Gambling Tax

Niji Narayan

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Czech Ministry of Finance Defends its Decision to Increase Gambling Tax
Photo Source: radio.cz
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The Ministry of Finance of the Czech Republic has defended its decision to introduce higher taxes on certain gambling activities, after a national newspaper claimed the tax hike would harm the country’s land-based market. The Ministry said that income from the higher taxes will help support its efforts to protect people from gambling-related harm.

From January 2020, a new structure will split taxes into three tiers, according to how harmful the government perceives the activity to be. Gambling tax is currently set at 23% of gross gaming revenue (GGR,) with the exception of gaming machines, which are taxed at 35% of GGR. Lotteries, live games and bingo operators will be taxed at 30% of GGR, up from the current rate of 23%, while the rate for fixed-odds betting will rise from 23% to 25%.

Jiří Dolejš, a member of the parliamentary budget committee for the Communist Party of Bohemia and Moravia (KSČM), said the government should reconsider the decision before implementing the new regulations.

Dolejš put forward an alternative proposal whereby the rates for lotteries, live games, bingo and fixed odds betting would remain the same, but the tax rate on gaming machines would be increased from 35% to 38%. He added that the government should be focused on tackling online gambling, claiming the channel was riskier than certain forms of land-based gambling.

“The main intention is to raise taxes for slot machine operators, which are the most harmful. The point is to reasonably maintain different rates of gambling taxation according to social risk, but the Ministry of Finance was not interested in this debate,” Dolejš said.

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Totalizator Sportowy Receives Digital Excellence Award

Niji Narayan

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Totalizator Sportowy Receives Digital Excellence Award
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Totalizator Sportowy has received an award in the Gala Digital Excellence Awards 2019. The award was for the Digital Transformation category.

The award was received by Aida Bella, Director of the Sports Spokesman’s Totalizator Office and Albert Pasek managing the Product and Technology Project Management Team in the company.

“Being among the 10 finalists, we didn’t know until the very end whether we would be awarded in one of the six categories, and yet we were successful – members of the CIONET community voted for us! We have won over projects of several large companies. We can speak of a great distinction, because the CIONET Community category is considered the most unique! This is due to all employees of our company who contributed to the company’s entry into the e-commerce market,” Aida Bella said.

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