THE LOTTO LOWDOWN OPAP S.A., the Athens-based lottery system operator, is out to win Milli Piyango, the Turkish National Lottery tender, according to Reporter.gr, a Greek bilingual financial news agency.
OPAP’s chief executive, Christos D. Hatziemmanuel, was quoted by the news agency as saying that the company has “good chances to win” to lottery tender while speaking to the media at the World Lottery Association 2008 Convention and Trade Show, which ends today in Rhodes, Greece.
NEW ACCOUNT SEARCH Brand Republic reports that 888 Holdings is looking for a new advertising agency to handle its global ad account.
The Gibraltar-based I-gaming operator’s current agency, CHI & Partners, does not intend to bid again for the £6 million account.
"We are now entering the next phase of the development of 888.com,” Matt Robinson, 888’s vice president of marketing, told Brand Republic. “Our agency needs have changed. We are therefore seeking a new agency partner who will be as excited by the opportunity and challenge as we are."
REPORTING Betting Promotions Sweden A.B., an online betting exchange, posted a net turnover of 31 million Swedish kronas its interim report covering January through September 2008. For the same period in 2007, its net turnover was 50.5 million Swedish kronas.
Although net turnover was down, betting turnover was slightly up at 7.9 million Swedish kronas. Last year it was reported at 7.6 million Swedish kronas.
The company also posted an operating income at 14.9 million Swedish kronas and an operating margin of 48 percent. In 2007, the operating income was 38 million Swedish kronas and the operating margin was at 75 percent.
“The trials to find optimal parameters for our existing gaming models produced positive results,” said John Moazed, Betting Promotion’s managing director, in the report. “Based on these findings, changes were implemented gradually during the second and third quarters, and I am now looking forward to tracking the results in the important fourth quarter.”
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