Greek Gambling Company Has New Board of Directors

14 October 2013

The Greek gaming monopoly OPAP has recently replaced ten members out of the eleven directors, as hedge fund Emma Delta has taken over the firm. Only three of the new gaming directors are Greek, while eight of them are foreigners, the company being controlled by Czech investor Jiri Smejc and Greek entrepreneur George Melissanidis. The consortium paid no less than EUR 622 million for 33 percent of OPAP rights and will still have to pay EUR 3 million per year during the next ten years.

The hedge fund also announced that the position of chairman and chief executive officer will be occupied by the former CEO of Czech national lottery operator SAZKA, Kamil Ziegler, who expressed the idea that the new team is ready to invest in the company and in the gaming industry in Greece in the long run.

OPAP is currently one of the most controversial European listed gaming firms and offers sports betting and lottery games. OPAP revenues hit EUR 1.3 billion in 2012 and the new board of directors is expected to take into consideration an expansion plan in order to introduce online gambling and video lotto, when casino software development companies will create solutions for Greek operators who will seek to open online gaming sites.

14 October 2013

Top Articles

23 February 2024

As a casino operator, you're always looking for ways to keep your players engaged and loyal. Enter gamification: a strategy that brings the engaging elements of video games into the online casino world. Think of it like...

25 October 2023

In the ever-evolving landscape of online gaming and entertainment, the demand for innovative and captivating sweepstakes social casino solutions continues to grow. While the United States has witnessed a burgeoning interest...

1 February 2023

Creating an online casino and starting a business in the iGaming industry is a great option for entrepreneurs who are interested in making a successful investment. The constantly-growing casino market is tempting, mostly...

21 June 2020

What is a payout percentage? Return to player or payout represents the percentage of the total bet amount that the casino has returned to the players, as wins. The value displayed on our website and inside our games...

10 February 2018

The first step towards starting an online casino which operates with real money is obtaining an online casino license. The products that we sell might require a casino/gambling license depending on the jurisdiction in which...

26 January 2018

Being considered just a virtual-world currency and not being legally recognized as a real money currency by any state in the world is the biggest advantage of Bitcoin. Using it as a currency for your casino and accepting...

20 May 2011

Guide about how to start your online casino website now Using our products, you get the opportunity to start your online casino website in 24 hours, without having to pay any monthly fees (you get to keep 100% of...