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Retail closures push revenue down 46.9% at OPAP in Q1 despite record online figures
20th May 2021
| By Robert Fletcher
Greek gambling operator OPAP posted a 46.9% year-on-year decline in revenue to €174.2m (£150.3m/$212.3m) during the first quarter of its 2021 financial year, despite experiencing a record performance within its online gambling operations.
Overall gross gaming revenue for the three months to 31 March was down from €328.3m in Q1 of last year, primarily due to OPAP’s retail operations remaining closed throughout Q1 of this year, in line with novel coronavirus (Covid-19) restrictions in Greece. Retail stores did not begin to reopen until 12 April.
May 12, 2021, 12:18 pm ·
Developer and licensor of mobile-focused online casino content Gaming Realms has signed a licensing agreement with game developer and supplier Pragmatic Play to produce Pragmatic Play-themed Slingo games.
The agreement enables Gaming Realms to license brands from Pragmatic Play’s ever-growing portfolio, including Sweet Bonanza and Wolf Gold, and craft Slingo games.
Gaming Realms acquired the Slingo business and intellectual property in 2015. The acquisition has enabled the company to establish itself as
“a
highly regarded developer and licensor of games in the international gaming market.”
In 2019, Gaming Realms sold its real-money gaming business to Oslo-listed company River iGaming for a total consideration of £11.5 million in a bid to focus its full attention on the
May 11, 2021, 1:01 pm ·
Pragmatic Play has strengthened its alliance with rapidly growing online gambling operator Kaizen Gaming in a move that will further strengthen the online casino games maker’s regulated presence.
Under the terms of a recent deal between the two companies, the supplier will provide two of the iGaming brands run by its operator partner with access to its slot and Live Casino portfolio.
Kaizen is one of the fastest growing online gambling operators in Europe. The company runs the
Stoiximan and Betano online gaming and sports betting brands. It is namely these two operations that will now be able to offer Pragmatic Play’s wide online slots portfolio and ever-expanding Live Casino range.
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