Centric Multimedia

Centric Multimedia
Centric Multimedia S.A.
Type Anonymi Etairia
Traded as Athex: CENTR
Founded 1995
Headquarters Athens, Greece
Key people Rodolfo Odoni (Managing Director) and (President of BoD),
Neiadas Vassilis (First Vice-President of the BoD),
Ioannis Capodistrias (Second Vice-President of the BoD),
Cheretis Yorgos (General Manager)
Revenue € 758.6 mil.
Profit € 4.7 mil.
Employees 30
Website www.centric.gr

Centric Multimedia, also known as CENTRIC, is a Greek public company, trading in the ATHEX since 2002. It’s 2009 Fiscal Year turnover is circa €750m.

Contents

History

Centric was founded in 1995 under the trading name “Group Multimedia Systems S.A.” and it specialized in the production and distribution of digital products and home entertainment services.

Since its inception the company expanded its operations in the digital gaming industry, representing and distributing game consoles, computer games, online games and computer and gaming console peripherals in the Greek Market. In 2001, Centric signed an agreement with Microsoft for the distribution of the Xbox gaming console in Greece, establishing its position in the digital home entertainment market.

In 2002 Centric was listed in [ATHEX] for public trading and in 2003 changed its trading name to “Centric Multimedia S.A.”.

Due to the intense competition and the illegal software copying (“piracy”) of gaming software, which ultimately suppressed gross profit margins and have therefore restrained long-term growth prospects for the digital home entertainment industry, Centric decided to explore different investment opportunities in order to enhance its presence in the digital entertainment industry. Hence in 2007 the company decided to focus on the integration of online services capitalizing οn its vast experience on the business.

The online entertainment companies at the time were offering a combination of traditional services such as sportsbook, casino, poker and several soft games using state of the art technology in a web environment providing consumers entertainment through Personal Computers.

Therefore, in 2007 Centric started shifting its investments in areas with better growth prospects in order to boost its financial performance. The company acquired 21% of ECN Management Ltd, a company that manages and operates the VistaΒet.com and LexPoker.com & Lexcasino.com sites in the Greek language through its subsidiary Vista Gaming Online Ltd. In addition Centric acquired 100% of Flyer S.A, which was the JV partner of Sportingbet Plc for the provision of its online entertainment services in the Greek.

Expanding partnerships

In 2008 Centric raised its stake in ECN Management Ltd to a total of 51%. Moreover, Centric expanded the agreement with Sportingbet to include an additional 9 languages of the CEE & SEE (Croatia, Slovenia, Romania, FYROM, Serbia, Slovakia, Albania, Montenegro and Bosnia) to offer the online entertainment services through Sportingbet and Vistabet.

In 2009 Centric commenced advertising and launched the Sportingbet online services in the Croatian and Slovenian languages as well as the Sportingbet and Vistabet.com online services in the Romanian language. Furthermore, a wholly owned subsidiary was incorporated & headquartered in Malta, FSM Holding Ltd, with the scope of promoting the financial spread trading services following an agreement signed with Worldspreads Plc. FSM Holding is managing the www.spreads.gr.

In 2010, the subsidiaries of the group, started the promotion and management of the Vistabet.com services in Albanian and the Sportingbet services in Slovakian.

Subsidiary ECN has also concluded an agreement with Dragonfish Plc, an 888 subsidiary, for the exploitation of the Lexcasino & Lexpoker websites in the Greek and English languages.

References

External links


Wikimedia Foundation. 2010.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • Content-centric networking — (also content based networking, data oriented networking[1] or named data networking[2]) is an alternative approach to the architecture of computer networks. Its founding principle is that a communication network should allow a user to focus on… …   Wikipedia

  • List of companies listed on the Athens Stock Exchange — Economy of Greece Agriculture Bank of Greece Companies Shippin …   Wikipedia

  • Chung-Ang University — 중앙대학교 Motto Live in Truth, Live for Justice Established April, 1918 Type Private President Kookshin Ahn Academ …   Wikipedia

  • History of virtual learning environments 1990s — In the history of virtual learning environments, the 1990s was a time of growth, primarily due to advent of the affordable computer and of the Internet.1990s1990* Formal Systems Inc. of Princeton, NJ, USA introduces a DOS based Assessment… …   Wikipedia

  • Musique en réseau — Un concert de musique en réseau ou de télémusique consiste en une ou des interactions en temps réel, en direct et à distance, assurées par un réseau informatique (et télématique) qui permet aux musiciens répartis dans différents lieux distants de …   Wikipédia en Français

  • Mobile payment — Part of a series on Electronic commerce Online goods and services Streaming media Electronic books Softwar …   Wikipedia

  • Meta-donnée — Métadonnée  Pour l’article homonyme, voir Métadonnée (audio).  Une métadonnée (mot composé du préfixe grec meta, indiquant l auto référence ; le mot signifie donc proprement « donnée de/à propos de donnée ») est une… …   Wikipédia en Français

  • Metadata — Métadonnée  Pour l’article homonyme, voir Métadonnée (audio).  Une métadonnée (mot composé du préfixe grec meta, indiquant l auto référence ; le mot signifie donc proprement « donnée de/à propos de donnée ») est une… …   Wikipédia en Français

  • Metadonnee — Métadonnée  Pour l’article homonyme, voir Métadonnée (audio).  Une métadonnée (mot composé du préfixe grec meta, indiquant l auto référence ; le mot signifie donc proprement « donnée de/à propos de donnée ») est une… …   Wikipédia en Français

  • Méta-donnée — Métadonnée  Pour l’article homonyme, voir Métadonnée (audio).  Une métadonnée (mot composé du préfixe grec meta, indiquant l auto référence ; le mot signifie donc proprement « donnée de/à propos de donnée ») est une… …   Wikipédia en Français

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”