Monthly Archives: February 2017

OPAP announces trio of new gaming technology deals

Greek lottery and betting operator OPAP has announced a trio of new technology supplier deals as the company looks to upgrade its core services.

On Wednesday, OPAP announced that it had selected sportsbook data and services outfit Betgenius as its new primary integrated digital sports betting service provider. The two-year deal will ensure OPAP receives fully-automated prices for around 130k events per year.

OPAP will begin migrating its digital sportsbook to Betgenius’ platform later this year. OPAP’s platform is currently provided by Italian operator GTECH, but OPAP CEO Damian Cope vowed last August that the company would launch “a far superior offering” in 2017.

At the retail level, OPAP has come to terms on a software and services deal with gambling technology provider Playtech‘s BGT Sports division to power self-service betting terminals (SSBT) across OPAP’s agency network. OPAP betting shops will commence the SSBT rollout in H1 2017, while a Playtech-powered over-the-counter sports betting solution will follow in 2018.

Fantasy Aces files for bankruptcy protection, players high and dry

Daily fantasy sports operator Fantasy Aces has filed for bankruptcy, reportedly due to the site having commingled player funds with operating capital.

On Wednesday, FantasyAlarm.com reported that Fantasy Aces had filed for Chapter 7 bankruptcy protection in a California bankruptcy court. The filing cites assets of $1.82m and liabilities of just under $3m – of which over $1.3m is player deposits – and indicates that “no funds will be available to unsecured creditors” after administrative expenses are paid.

News of the filing followed a confusing few days that began when rival DFS operator FantasyDraft confirmed earlier this week that its planned acquisition of Fantasy Aces – which was announced last Thursday – had fallen through due to “issues identified during our due diligence.”

The Fantasy Aces website, which had been dormant since the original acquisition announcement, switched its homepage to a black screen promising that an update was “coming shortly” but no further changes have been made. Trading in the company’s shares on the TSX Venture Exchange was suspended last week ahead of the acquisition announcement and remain suspended.