iGaming Business – Greek gambling monopoly OPAP has reported a massive 73.9% year-on-year fall in net profit to €67.3 million ($89 million) from €258 million for the first half of 2013. Revenue fell by 15.1% from €2.055 billion to €1.744 billion, with OPAP citing chronic financial problems in Greece and one-off factors for the results. Between the start of January and the end of June, sportsbetting declined by 26.9% to €605.9 million, while numbers games operated by OPAP fell by 7.1% to €1.138 billion. Earlier this month, the Greek government’s Hellenic Republic Assets Development Fund (HRADF) agency finalised a deal to…

From Online-Casinos.com – The online gambling industry in Europe has been going through some serious issues mostly regarding the various monopolies that individual governments are keeping in spite of the European rules on free e-commerce among nations. A recent article in the Greek Reporter has again brought to light the latest news in a long story referring to the Greek Gambling monopoly OPAP. The government of Greece has had its share of difficult challenges of late and they being faced with yet another from the Remote Gambling Association which said it will sue over the deal that grants exclusive rights…