2023 ACHIEVEMENTS

Take a closer look at all the achieved milestones during 2023.

Watch Short Video
  • +357 2425 0808
  • Login
  • English

Home

Blog

OPAP to acquire Stoiximan Group stake...

OPAP to acquire Stoiximan Group stake

OPAP to acquire Stoiximan Group stake

NetShop ISP

NetShop ISP · Blog Author

Sep 25, 2018 · Archive

On Monday 24th of September, Greece’s OPAP has signed a preliminary agreement to get in excess of 33% of Betano proprietor Stoiximan Group (£44.8m/$58.8m) for $50m as a feature of a more extensive arrangement to reinforce its online offering.

OPAP has purchased a 36.75% stake in Stoiximan, which is dynamic in Greece and Cyprus under the Stoiximan mark, and also in both Germany and Romania through its Betano image, from TCB Holdings.

The lottery and wagering giant, which agreed the deal through its OPAP Investment auxiliary, has likewise reached a pre-accord with TCB to make extra venture to get joint control with TCB in Stoiximan’s Greek and Cypriot activities.

Both agreements remain subject to regulatory clearance, while the latter will also require clearance from anti-trust authorities and the performance of due diligence.

Should the arrangements experience, the current Stoiximan administration group would stay set up and keep on working freely from OPAP’s online business.

OPAP has submitted huge time and speculation to working up its online exercises as of late and is this week because of dispatch Pamestoixima.gr, its new on the web and versatile sportsbook.

The organization this month likewise posted positive outcomes for the primary portion of 2018, with net gaming income up multi year-on-year to €737.5m and net benefit 32.9% to €66.1m.

Damian Cope, CEO of OPAP, stated: “The strategic investment in Stoiximan that we are announcing today directly compliments OPAP’s own online activities and also gives us online presence at an international level.

“Stoiximan has proven itself to be a successful online operator and we are happy to be working with them.”

George Daskalakis, CEO of Stoiximan, additionally talked decidedly about the new relationship, saying that the help of OPAP would empower his organization to seek after its own development objectives.

Daskalakis included: “This partnership strengthens Stoiximan’s leading position in Greece and additionally allows us to accelerate our growth in international markets, as well as to intensify our strategic focus on technology.

“Our vision is to become established as one of the top gametech companies in Europe while maintaining our Greek character and it is towards this direction that we will continue to work with the same passion and dedication.”

Press Releases
71

Free VPS Trial

No Credit Card Required.

Recent Posts

Navigating Forex Server Hosting: Key Distinctions from Conventional Providers

Navigating Forex Server Hosting: Key Distinctions from Conventional Providers

23 February, 2024

How to Install Nginx, MariaDB, PHP-FPM on AlmaLinux 9 Server (LEMP)

How to Install Nginx, MariaDB, PHP-FPM on AlmaLinux 9 Server (LEMP)

16 February, 2024

How To Reset Forgotten MySQL 5.7 Root Pass in Linux

How To Reset Forgotten MySQL 5.7 Root Pass in Linux

09 February, 2024

4 Things Web Developers Should Know about Virtual and Dedicated Server Hosting

4 Things Web Developers Should Know about Virtual and Dedicated Server Hosting

05 February, 2024

How to Install Docker Compose on Debian 12 Server

How to Install Docker Compose on Debian 12 Server

22 January, 2024

#letushostyou

Award Winning Hosting Provider established in 2004.

120 Faneromenis Avenue, Imperial Tower, 2nd Floor, Larnaca 6031, Cyprus

Products

Bare Metal Servers

Customized Servers

Virtual / Cloud Servers

Forex VPS

Storage VPS

cPanel Web Hosting

Reseller Web Hosting

Colocation

Addons

Premium DNS

Email Hosting

Cloud Backup

DDoS Protection

Licenses

SSL Certificates

Domain Names

Premium SLAs

About Us

Data Center Locations

Looking Glass

Our Company

Contact Us

Careers in Cyprus

Become a Partner

Awards

Certifications

© 2024 S.S. NetShop Internet Services Ltd. All rights reserved.  Terms & Conditions  |  Privacy Policy
CY Reg. Number: HE 217340 | EU VAT Number: CY10217340J

Visa
Mastercard
PayPal
Bitcoin
Tether
Ethereum
Litecoin
Wise
Revolut
Wire Transfer