Tag Archives: Damian Cope

Greek retail closures rock OPAP Q1 performance

OPAP SA has disclosed double-digit declines across all core operating metrics as a result of closing its entire retail network (betting shops, gaming venues and lottery stalls) following Coronavirus restrictions enforced across Greece and Cyprus. Publishing its Q1 2020 results, OPAP recorded group revenues of €328m down 17% on corresponding 2019’s €396m, as the Athens-listed gambling group disclosed that first-quarter …

Read More »

Stoiximan retains independence despite OPAP equity increase

GML Interactive, the operating company of Greek online bookmaker Stoiximan, has disclosed that OPAP SA will increase its majority shareholding in the betting group to 84.5%. The transaction will see Athens-listed OPAP continue to increase its equity in Stoiximan’s Greek and Cypriot operations, having become the majority shareholder of the betting asset in 2019 after securing a 51% stake for …

Read More »

OPAP starts new CEO search as Damian Cope ends tenure

The board of Athens-listed OPAP SA has revealed that Damian Cope has chosen to end his tenure as Group Chief Executive, and will depart the company in May. Updating company stakeholders, OPAP said that it has started a succession planning process to find Cope’s leadership replacement. Cope will maintain his position as an OPAP board member, and from 1 June …

Read More »

New look OPAP bolsters its executive management team

Athens-listed Greek gambling group OPAP SA has announced a series of executive C-level appointments to strengthen its commercial development and leadership capacities. Long-term executive Jan Karas has been promoted to the leadership position of Group Chief Commercial Officer (CCO) having previously served as Chief Operations Officer of OPAP’s retail division. Karas retail responsibilities have been transferred to OPAP Group Chief Operations Officer …

Read More »

PBS debuts Quantum platform with OPAP

Omni-channel sports betting solutions provider Playtech BGT Sports (PBS) has teamed up with OPAP to roll out its new sports betting digital platform, Quantum. Under the terms of the agreement, OPAP will become the first operator to gain access to the Quantum platform. It strengthens the existing partnership between PBS and OPAP after the two agreed to integrate the PBS …

Read More »

Smooth VLT upgrade sees OPAP confident of delivering on all 2019 targets

Athens-listed gambling group OPAP SA is confident it will deliver on its full-year corporate expectations after recording a strong Q3 2019 performance including growth across all core metrics. Continuing to reap the benefits of its VLT and systems upgrade, OPAP maintains year-to-date revenues of €1.173 billion – up 6% on year-to-date (YTD) 2018 comparatives of €1.106 billion. Publishing its latest …

Read More »

VLT upgrades deliver for Greek OPAP chasing its 2020 vision

The governance of Athens-listed gambling group OPAP SA publishes its 2019 interim results (period ending 30 June), confident of delivering on its future prospects, serving the mandate of its 2020 corporate vision. Updating the market, OPAP records a 6% increase in group gross gambling revenues (GGR) to €779 million (H1 2018: €737m), driven the significant improvement of its upgraded retail …

Read More »

Transformative 2018 sees OPAP confident of future prospects & identity

Athens-listed gambling group OPAP SA has published its full-year 2018 results, detailing a transformative year for its business, undertaking a number of critical upgrades and refinancing its operating structures. “2018 marked the 60th anniversary of OPAP’s foundation and the entire OPAP team is proud of what was achieved in this historic year. We successfully delivered all of our key business …

Read More »

VLT upgrades see Greek OPAP ride out tough Q3 trading

Publishing its latest Q3 2018 trading statement, Athens-listed lottery and gambling group OPAP SA reports growth despite being impacted by unfavourable sporting results alongside Greek macroeconomic adjustments. An enhanced OPAP group withstands declines in 2018 wagering activities, as the firm maintains a positive gross-gaming-revenue (GGR) contribution of Q3 2018 – €369 million (+3.2%) running alongside a year-to-date GGR of €1.106 …

Read More »

OPAP points to a bright future with terminal upgrades & Hellas pick-up

Publishing its 2018 interim results (period ending 30 June), Athens-listed gambling operator OPAP details strong progress on its ‘2020 corporate vision‘ as the company begins to benefit from its systems and network upgrades. Entering 2018, OPAP would undertake a group-wide overhaul of legacy systems and terminals in partnership with industry technology group Playtech Plc. In its update, OPAP governance details …

Read More »