Tag Archives: Jan Karas

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …