Tag Archives: Jan Karas

OpenBet facilitates next gen of OPAP’s retail betting offering

SBC News OpenBet facilitates next gen of OPAP’s retail betting offering

OpenBet has extended its long-term partnership with Greek gambling operator OPAP to deliver an enhanced retail betting experience.  Under the new framework, OpenBet’s technology platform and products are leveraged across OPAP’s retail estate.  Jordan Levin, Group CEO of OpenBet, commented: “We’re proud to have facilitated the next generation of OPAP’s retail betting offering, particularly so soon after the success of …

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OPAP stands by online growth to meet 2023 targets 

SBC News OPAP stands by online growth to meet 2023 targets 

OPAP SA remains confident in achieving its full-year 2023 financial targets despite its business units enduring a difficult Q3 trading period. In its latest quarterly update, the Athens-listed gaming group reported year-to-date revenues of €1.50bn, marking an 8% increase from the previous year’s €1.39bn. However, OPAP’s commercial momentum experienced a slowdown in Q3, with a 3.5% decline in Gross Gaming …

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OPAP lauds commercial effectiveness in strong Q1 

SBC News OPAP lauds commercial effectiveness in strong Q1 

OPAP SPA has cited a strong start to year trading, registering growth across all business units.  Publishing its Q1 update, the Athens listed gambling group registered gross gaming revenues (GGR) of €527m, up 15% on 2022 comparative results of €458m. The upswing was attributed to the continued successful implementation of OPAP’s commercial strategy, which boosted growth across both its online …

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OPAP doubles 2022 profits as units hit peak Q4 performance  

SBC News OPAP doubles 2022 profits as units hit peak Q4 performance  

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 …

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OpenBet explores ‘most promising’ Greek market with OPAP

OpenBet

OpenBet has announced a long-term partnership with Greek gaming company, OPAP, concerning the latter’s online sportsbook. Entering the Greek sports betting market for the first time, OpenBet’s technology will power OPAP’s offering, scaling the company’s online betting business and providing a series of ‘competitive advantages’.  As part of the new partnership, the operator will also deliver the full suite of …

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OPAP lauds Q3 sports betting performance ahead of World Cup closing 

OPAP Q3 bounce back hurt by continued lottery declines

OPAP SA looks forward to uninterrupted World Cup trading as the Greek firm continues its strong post-pandemic recovery, benefitting from new online and sports betting upgrades.  The Athens-listed gambling group reports a further consecutive quarter of growth, generating Q3 revenues of  €498m, up 6% on 2021 comparative results of €470m. Period trading saw OPAP’s lottery unit generate stable revenues of …

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OPAP cites full retail recovery as H1 profits double

SBC News OPAP cites full retail recovery as H1 profits double

OPAP has outlined its confidence in achieving its full-year financial objectives, buoyed by the full recovery of its retail unit and continued online growth.  Publishing its H1 2022 interim trading results, the Athens-listed gambling group achieved corporate revenues of €899m, up 57% on 2021 results of €570m. Period growth was attributed to the performance of its uninterrupted lottery and retail …

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OPAP nets 26% profit jump as units return to full strength

SBC News OPAP nets 26% profit jump as units return to full strength

OPAP SA has hailed its full-unit business recovery, as the company records a strong end of year performance to offset early 2021 COVID-19 headwinds. Publishing its full-year 2021 results, the Athens-listed gambling group reported corporate revenues of €1.58 billion, up 36% on FY2020 results of €1.13 billion.  Headline growth was attributed to the full-strength return of its lottery unit during …

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Stoiximan consolidation sees OPAP survive tough Greek winter

SBC News Stoiximan consolidation sees OPAP survive tough Greek winter

OPAP SA reveals solid progress for its business recording headline growth despite its lottery and VLT units being impacted by significant COVID-19 headwinds.  Publishing its H1 trading results (period ending 30 June), OPAP group revenues stood at €570 million, up 12% on corresponding 2020 results of €507 million. H1 growth was primarily attributed to the full consolidation of the Stoiximan …

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