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OPAP Updates Coronavirus Impact on its Business

Niji Narayan

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OPAP Updates Coronavirus Impact on its Business
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Greek gaming operator OPAP has provided an update on the impact of coronavirus on its business. OPAP revealed that almost all its revenue had been wiped out by the closure of its outlets due to coronavirus lockdown in Greece and Cyprus.

Greece reported its first coronavirus case at the end of February.

“We have responded quickly to protect our employees and agents, taking a number of necessary mitigation steps,” Damian Cope, Chief Executive of OPAP, said.

The company estimates that the monthly earnings before interest, tax, depreciation and amortisation (EBITDA) will be 50–53 million euros lower if the shutdowns are extended beyond April.

OPAP said in a statement that Cope will step down at the end of May when his four-year contract ends and that it has begun looking for a successor. If none is found by that date, Chief Commercial Officer Jan Karas will take over as acting CEO.

“I am confident that OPAP will bounce back strongly once this unfortunate period comes to an end,” Cope said.

OPAP reported a 62% rise in fourth-quarter net profit to 61.8 million euros as a result of its new video lottery operation and lower taxation.

eSports

BIG enters partnership with Babbel

George Miller

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BIG enters partnership with Babbel
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BIG enters strategic streaming partnership with e-learning platform Babbel for educational content.

We are delighted to announce that we have entered a strategic streaming partnership with the language learning platform Babbel, marking one of our first initiatives in bringing educational services to our fans!
Although we are a German organization, we are lucky to have fans from all over the globe, coming from different countries and cultures. All of us are united under the BIG banner as one large family, and find that we are all similar in our love for esports and gaming. Through Babbel, our fans will have the opportunity to take their knowledge even further, and learn new languages and words that will bring our community even closer together.

Not only will fans be introduced to the application through which they can learn languages, they will also find new interactive features on the streams of our players and streamers where they can engage with the stream and other fans in an educational way. Make sure to keep an eye out for further information about the activities and offers we will announce as part of our partnership.

Statement Daniel Finkler, CEO

Communication is critical to success in any team sport. We have managed many multinational teams in the past. In all these teams, clear communication between the different nationalities was often a significant challenge, which is still true today. Therefore, I am delighted to have Babbel, one of the leading providers for web-based language learning, as our partner. We will use the app internally with our professionals to support their language learning processes, which ultimately improves our team communication.

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Set sail for reel winnings in Captain Venture™: Treasures of the Sea

George Miller

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Set sail for reel winnings in Captain Venture™: Treasures of the Sea
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There is a strong sea breeze blowing through the halls of Greentube’s Home of Games, and with it, the sequel to a true slot classic: Captain Venture™: Treasures of the Sea. The title has dropped anchor and is now available for all B2B partners!

Captain Venture™: Treasures of the Sea takes everything players loved about the original Captain Venture™ online casino game, and adds more features, more action, and of course, more treasures to win across 5 reels and 10 win lines.

This sea-farers delight has a treasure-trove full of extra features to make a pirate’s heart beat faster, with modifiers that increase winning chances, a Free Spins feature with a win multiplier and the X Marks in the Slot Re-Spins feature which can multiply wins by up to 3 times. Hoist the sails and plot a course for these action-packed reels!

Captain Venture™: Treasures of the Sea awakens the adventurer in everyone. Spin the reels today!

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Pragmatic Play Rolls Out Slots With StarVegas.it

George Miller

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Pragmatic Play Rolls Out Slots With StarVegas.it
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Pragmatic Play, a leading content provider to the igaming industry, has seen its full slots offering go live on Greentube’s Italian B2C brand, StarVegas.it.

StarVegas.it customers will now have access to Pragmatic Play’s expansive slot offering, including the multi-award-winning Wolf Gold, smash hit Sweet Bonanza, and the supplier’s first Megaways title, Great Rhino Megaways™.

Pragmatic Play will also provide its full suite of gamification tools, Enhance, including its popular Drops and Wins prizes, which are proven to drive engagement and player retention.

The deal marks another important commercial agreement for Pragmatic Play in regulated European markets, with StarVegas enjoying an impressive reach among Italian players.

Yossi Barzely, Chief Business Development Officer at Pragmatic Play, said: “We’re delighted to partner with Greentube’s Italian operator brand, StarVegas.

“Growing in regulated markets has long been a priority for us and we’re very pleased to be launching our slots with such a renowned and popular operator.”

Adam Warren, Managing Director at StarVegas.it, said: “Pragmatic Play has a diverse and exciting slot offering and we’re thrilled to add it to our growing collection of products.

“Finding innovative content is vital to maintain growth in our industry and we couldn’t be happier with what Pragmatic Play is bringing to our casino.”

Pragmatic Play currently produces up to five new slot titles a month, while also delivering Live Casino and Bingo games as part of its multi-product portfolio, available through one single API.

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