Tag Archives: Athens

OPAP SA trades with confidence in achieving its “upper-end financial outlook” for the year, targeting over €2.2bn in gross gaming revenues (GGR) and an EBITDA of €770m. Confidence in meeting these targets is underpinned by the Athens-listed gambling group’s improved retail results, combined with online growth continuing to surpass expectations. Year-to-date (YTD) accounts (up to 30 September) show group GGR …

The board of OPAP SA has initiated a search for a new chairman following the immediate resignation of Kamil Ziegler. Yesterday, OPAP informed investors that Ziegler had stood down as Chairman of the Athens-listed gambling group and operator of the Greek national lottery. Intermediate plans will see Jan Karas take on the dual responsibilities of Group CEO and Chairman of …

OPAP SA cites confidence in achieving all corporate and commercial objectives for 2024. Publishing its H1 2024 consolidated accounts, the Athens-listed gambling group achieved a 5.5% increase in gross gaming revenues (GGR) to €1.08bn (H1 2023: €1.02bn). Leadership noted that OPAP continues to benefit from its enlarged digital profile, as online units account for 30% of total H1 GGR. Period …

OPAP SA states that it has established a new benchmark for its business, generating more than €2bn in corporate revenues. The Athens-listed gambling group published its full-year 2023 accounts, in which revenue results amounted to €2.08bn, up 7% on FY2022 comparatives of €1.93bn. The record-breaking figure was achieved off the back of stellar Q4 trading, as OPAP’s “Q4 2023 GGR …

OPAP has vowed to challenge a €24.5m fine imposed on its business for violating the competition terms of Greece and the European Union (EU). The fine was imposed by the Hellenic Gaming Commission (HGC) siding with a challenge made against OPAP, which deemed that the Athens-listed gambling group had violated rules applied by Greece and the EU on fair competition …

Intralot SPA cites confidence in achieving its headline 2023 objectives of improving profitability and reducing long-term debt.  The Athens-listed gambling technology group maintains its full-year expectations as Q1 revenues stand at €83.4m, a 4.5% increase from the same period in the previous year, despite encountering an 8.4% decrease in turnover to €89.5m. The decrease in turnover was attributed to the …

Intralot SPA has cited a return to a ‘better operational efficiency’ as the Athens-listed gambling technology group delivers improved EBITDA results despite registering a decline  in headline revenues.     Publishing full-year 2022 results, Intralot registered group revenues of €392m, reflecting a 5.1% decrease compared to FY2021 results of €414m. The decline in headline revenues was primarily attributed to the license expiration …

OPAP SA reports on an outstanding 2022 financial performance, as the Athens-listed gambling group outperforms all corporate expectations.  Publishing its full-year 2022 results, the Greek gambling and lotteries group achieved record corporate revenues of €1.93bn, up 26% on FY2021 comparative results of €1.53bn. Peak revenues results were achieved off the back of a stellar Q4 trading that generated an all-time …

Intralot SPA has declared a ‘steady first-half of year’ as group leadership continues to monitor drastically changing economic and political dynamics impacting the value chain of its global business. Publishing its interim H1 2022 trading statement, the Athens-listed gambling and lottery technology group reported corporate revenues of €205m (H1 2021: €203m). A breakdown of product performance saw Intralot’s Lottery services …

The Greek government has confirmed that it will ease player wagering restrictions on online casino and poker verticals.  Positive developments for market incumbents will see the government increase its €2 maximum wager on online casino (slots and table games) to €20. Announced by the Hellas government gazette, the increase on maximum wagers will be instantly effective from May 2022 onwards …