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OPAP Does Well in '07

There is no doubting that online casino gambling monopolies are very lucrative for the state-governments running the monopolies. In the European Union, gambling monopolies are increasingly becoming a problem as nations like Sweden, Greece, the Netherlands, and seven other EU member states refuse to comply with the European Commission’s requests for the opening of national gambling markets. The crux of the problem for the Commission stems from the fact that the online casinos gambling monopolies are highly lucrative for the state governments, so unless there is specific recourse for not complying, then there is little hope that the Commission alone can enforce change in these 10 EU member states in policy violation.

OPAP is the Greek online casinos gambling monopoly which is partially owned by the Greek government. And over the last couple of years OPAP has managed to become increasingly successful with year-on-year increases in revenue. Considering how lucrative the monopoly is for the government in Greece, the government has little impetus for altering the currently polices that are in place to block foreign online casinos gambling operators from accessing Greek players.

OPAP is making a strong focus in 2008 and plans to only strengthen the company in the coming months. The CEO at OPAP, Christos Hadjiemmanuil, stated the OPAP’s main focus for the coming year, "Our three priorities for 2008 are the reorganisation of our internal operations to improve efficiency, the strengthening and enrichment of Stoichima with the new forms of betting and conclusion of contractual agreement with our agents' network. At the same time, we aim to contain a number of operating expenses, such as advertising costs."

The online casinos gambling and betting company was able to start 2008 with a boost from the lucrative 2007 financial year. The year-end report indicates that the company’s full-year sales increased 9.3 percent. Along with other strong increases across the board at the company, there is every possibility that 2008 will prove as successful for OPAP.