Tag Archives: OPAP

Allwyn maintains year growth against tough Greek Q3 headwinds

SBC News Allwyn maintains year growth against tough Greek Q3 headwinds

Allwyn Group has maintained year-on-year growth despite challenging Q3 headwinds in Greece. The lottery group has also reported strategic progress on core expansion initiatives while facing tough year-end trading conditions reflected across the gambling industry. Publishing its Q3 unaudited accounts, the lottery conglomerate’s consolidated revenues stand at €2bn, doubling the comparative 2022 results of €1bn. The increase was attributed to …

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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 to challenge €24.5m fine on abuse of Greek competition laws

SBC News OPAP to challenge €24.5m fine on abuse of Greek competition laws

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 …

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Allwyn ready for UK landing backed by solid Q2 trading

SBC News Allwyn ready for UK landing backed by solid Q2 trading

Allwyn International cites confidence in achieving its full-year 2023 corporate objectives as group subsidiaries (legacy and acquired) maintain ‘organic growth’.  Publishing its Q2 ‘preliminary results’, an enlarged Allwyn sees its lottery portfolio generate consolidated revenues of €2bn for the first time and adjusted EBITDA of €381m (+35%). Headline growth reflects a 115% year-on-year increase, primarily driven by the recent acquisition …

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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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Allwyn details ‘exciting UK developments’ in Q3 ahead of National Lottery operation

Robert Chvátal, Allwyn CEO

Following a group-wide consolidation of its pan-European operations, Allwyn International has reported positive trading during Q3, particularly in the UK. Publishing its quarterly trading update for July-September, the company outlined Q3 revenue growth of 11% to €958.6m (2021: €867.4m) and adjusted EBITDA of €319.9m (€290.4m), a growth rate of 10%, although the margin was down from 55% to 54%..  Meanwhile, …

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