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OPAP strengthens its position in online sports-betting in Greece through the acquisition of Stoiximan Group’s Greek and Cypriot business

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OPAP S.A., (“OPAP”), SAZKA Group’s Greek and Cypriot subsidiary, has today announced (i) the receipt of regulatory approvals for its previously announced acquisition of 51% of Stoiximan Group’s Greek and Cypriot business (“SMGC”) and (ii) the acquisition (subject to regulatory approvals) of a further stake in SMGC as a result of which OPAP will have a total shareholding of 85% in and sole control of SMGC.

OPAP’s announcement and presentation can be found here.

Robert Chvatal, SAZKA Group CEO, commented: “Today’s announcement marks an important step forward for SAZKA Group and for OPAP, as OPAP gains a leading market position in yet another gaming vertical. OPAP, with SAZKA Group’s support, has achieved a milestone that will significantly strengthen its position in the online sports-betting market. In recent weeks, we have been working in anything but a standard business environment. And yet under these extraordinary circumstances our joint teams brought this transaction to fruition. Here my thanks must go specifically to the management team led by Mr. George Daskalakis”.

In 2019, Stoiximan Group (under the parent company TCB) generated revenues (GGR) of €245 million and EBITDA of €38 million. SMGC generated revenues (GGR) of €197 million, corresponding to 80% of Stoiximan Group’s total revenues, and EBITDA of 44 million.

 

OPAP:

OPAP is the leading gaming company in Greece. The company, founded in 1958 as the country’s national lottery operator and listed on the Athens Exchange in 2001, is the exclusive licensed operator of numerical lotteries (7 games), sports betting (4 games), Video Lottery Terminals (VLTs) and horse racing in Greece. It also operates exclusively, as a controlling shareholder (83.5%) through a joint venture, the passive lotteries and instant (scratch) games in Greece. OPAP is one of the largest charitable donors in Greece, operating under World Lottery Association (WLA) and responsible gaming standards.

About SAZKA Group:

SAZKA Group is one of the largest pan-European lottery operators. Its businesses run lotteries in all the major continental European countries where lotteries are privately operated, including the Czech Republic, Greece, Austria, Italy, and Cyprus. Its businesses focus on the lottery segment, including numerical lotteries (draw-based games) and instant lotteries (scratch cards), while also providing complementary products in sports-betting and digital-only games. They sell their products both through extensive retail networks and digital platforms. All its lottery operators are members of the World Lottery Association and the European Lottery Association and operate in accordance with their codes of practice.

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Bingo Treasures

Everi to Highlight Bingo Treasures Network at G2E 2023

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Everi Holdings will highlight its national, tribally linked, Class II, bingo network, Bingo Treasures, at the 23rd annual Global Gaming Expo October 9-12 at booth #150. The Bingo Treasures network is anticipated to launch in early 2024.

Everi will market and promote Bingo Treasures to its Class II customer base, alongside other Everi assets, systems, and teams to expedite customer onboarding, marketing, and launch processes over the coming months.

The company picked up the ownership rights to this gaming product when it acquired the assets of Video King LLC. In conjunction with the purchase of this product, Everi has also announced the recent completion of a Software License Agreement with Parlay Games Inc., of Burlington, Ontario, wherein Everi licensed certain software and platform assets developed by Parlay for the Bingo Treasures network.

“We are making consistent progress with tribal operators to be first movers for the launch of Bingo Treasures at their facilities. The combination of the game’s Class II Bingo software certification and patent-pending methodologies enables us to create a brand-new gaming vertical, with a linked national bingo game with an opportunity to win a multi-million-dollar weekly jackpot, which will only be offered by U.S. Sovereign Nation Indian Tribes,” said Tim Richards, Everi’s Executive Vice President, Strategy and Digital Gaming.

“Parlay has completed our agreement with Everi and is fine-tuning our collective vision to link tribes together with Class II-certified Bingo products. We intend to offer Bingo Treasures to empower tribes to offer bingo cards for purchase from any facility approved by their Tribal Gaming Authorities,” Scott White, CEO of Parlay Games Inc, said.

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Angelo Palmisano

Win Systems Appoints Hunter Kampf as Sales Director Systems & Gaming USA

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Win Systems, a leading provider of technology for the gaming and entertainment industry, has announced the addition of Hunter Kampf as Sales Director Systems & Gaming USA to further boost its growth in the region.

Hunter has a track record of leadership positions in well-known companies in the industry. His customer-centric approach, backed by an extensive background and over 12 years of experience in the gaming industry, will set the company apart in the region.

Hunter Kampf, Sales Director Systems & Gaming USA, said: “I am excited to join Win Systems and have the opportunity to strengthen the presence, of both our state-of-the-art WIGOS system and gaming solutions, in the U.S. market. Our dedicated efforts in crafting products finely tuned to the specific demands of the U.S. gaming industry underscore Win Systems’ unwavering commitment. Drawing inspiration from the success stories of top-performing products in the U.S., while staying true to its international success factors, positions Win Systems for rapid and sustainable expansion in the region.”

Angelo Palmisano, Chief Strategy Officer & GM USA of Win Systems, said: “Our continued expansion in the U.S. inspires us to up the ante, and the addition of Hunter to our team is just one example of our commitment. His extensive knowledge of the U.S. market, coupled with our extensive track record in the gaming industry, will be key to our growth in the region. We are very pleased with the progress we have been making, and we know that this is just the beginning of our continued success.”

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Industry News

Azerion Announces Proposed Changes to its Supervisory Board

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Since the start of 2022, Azerion has seen a period of significant transformation and growth including its listing on Euronext Amsterdam, the completed sale of the Youda card games portfolio and the recently announced placement of EUR 165 million of senior secured floating rate bonds.

Following their successful stewardship throughout this period, Azerion now announced the decision of Peter Tordoir (Chairman) and Derk Haank to step down from Azerion’s Supervisory Board. Both decisions to step down are expected to take effect as from the date of an Extraordinary General Meeting (EGM) to be convened as soon as is reasonably practicable to appoint the proposed new Supervisory Board members described below.

As Azerion prepares for the next stage of its growth plan and the business continues to scale into becoming one of Europe’s largest digital advertising and entertainment media platforms, Azerion welcomed Zafer Karataş and Wim de Pundert as proposed new Supervisory Board members. Further details relating to both proposed Supervisory Board members and the arrangements for the EGM are expected to be published shortly. A new Chairperson will be appointed by the Supervisory Board in due course.

Umut Akpinar, CEO of Azerion, said: “I would like to take this opportunity to thank Peter Tordoir and Derk Haank for their invaluable contribution to the success of Azerion and, in particular, during its initial phase as a listed company. We will be pleased to welcome Zafer Karataş and Wim de Pundert as new Supervisory Board members bringing additional commercial, industry and capital markets experience to the Board.”

Background on Proposed New Supervisory Board Members

Zafer Karataş brings extensive experience in Business Management, M&A, Reorganizations and Financial Audit. He is currently Chairman of the Board of technology company MeritGrup and a Supervisory board member of DVA Bilisim and Most Teknoloji.

Wim de Pundert has been active as an investor and entrepreneur since the early 1990s, including through the use of buy and build and market consolidation strategies. De Pundert founded HTP Investments, a shareholder of Azerion, together with Klaas Meertens. He is also a member of the supervisory board of Knaus Tabbert AG, a European manufacturer of caravans and mobile homes listed on the Frankfurt Stock Exchange.

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