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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OPAP has reported a ‘record quarter’ for online revenue in its Q1 2021 report, offsetting significant revenue reductions in the retail sector as a consequence of continued pandemic-related lockdowns. The Athens-listed group’s online verticals ‘demonstrated significant growth’, attributed by the company to to both the COVID-19 pandemic in addition to the increased contribution made by Kaizen Gaming – the operating …
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OPAP SA holds confidence in its growth strategy and future prospects, despite a tough end-of-year closing derailing its return towards financial stability. Publishing its full-year 2020 financial results, the Athens-listed gambling group recorded a 30% revenue slump to €1.12 billion (FY2019: €1.61bn) attributed to Greece enforcing its second national lockdown during Q4, which forced OPAP to close 2/3 of its …
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OPAP SA, Greece’s national lottery operator has exercised its two-year extension option on its existing technology services agreement with Intralot SPA who will continue to serve as its lead systems provider for numerical lotteries provisions. Updating stakeholders, OPAP confirms that it has extended its supplier contract from August 2021 to July 2023. This extension will allow Intralot to continue providing …
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OPAP SA has recorded a stable Q3 2020 trading period, as the Athens-listed gambling group continues to side with caution in steering all operating units ‘towards business normality’. Publishing its Q3 2020 trading update for the three-month period ending 30 September, OPAP recorded a marginal 0.7% decrease in group revenues to €391 million, driven by the strong comeback of its …
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OPAP has completed a major corporate social responsibility initiative after announcing the renovation of Athens’ Aghia Sofia children’s general hospital. The modernisation of Aghia Sofia’s children’s ward was first announced as a core CSR project by OPAP in 2018, with the betting group taking full responsibility for the funding of the renovation of Athens largest paediatric unit from Athens municipal …
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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 …
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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 …
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