Tag Archives: OPAP

OPAP delivers on Athens children’s hospital CSR projects

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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SAZKA confident of European comeback as assets weather COVID-19 storm

Citing novel coronavirus impacts across its European network, Czech gambling and lottery conglomerate SAZKA Group saw its consolidated Q1 revenues decline by 11% to €405m (Q1 2019: €458m). In an overview of Q1 performance, the group cited trading under unprecedented circumstances, in which subsidiaries OPAP Greece, Casinos Austria and LOTTO Italia have been forced to suspend their entire retail presence …

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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 …

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Greek leisure approval sees OPAP return to full capacity

Athens-listed gambling group OPAP SA has returned to full operational capacity after reopening its ‘PLAY’ gaming hall venues across Greece. OPAP has reopened its gaming venues following last week’s approval by the Greek government to allow all leisure enterprises (hotels, restaurants, entertainment venues, etc) to return to business after it eased COVID-19 lockdown restrictions. The decision has allowed OPAP to …

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OPAP supports public health networks with direct response programme

OPAP has launched a ‘direct response programme’ which will support public health networks and emergency services in its home markets of Greece and Cyprus. Last week OPAP, the operating firm of the Greek National Lottery confirmed that it had donated 500,000 surgical masks and further emergency equipment to be directly used by Greece’s National Health Service.  The Athens-listed firm detailed …

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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 …

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Triennial cut impacts Inspired performance

Industry virtual content supplier Inspired Entertainment has reported steady progress across the UK market, after revealing that it had offset the impact of the Triennial Review. Publishing its results for the three-month period and fiscal year ended 31 December 2019, Inspired revealed a 10.4% drop in full-year EBITDA, dropping from $54.7m in 2018 to $49m. Full-year total revenue was up …

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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 …

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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 …

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FDJ monitors 2020 National Lottery tender options

The Daily Telegraph has this weekend reported that the governance of Française des Jeux (FDJ) has held private discussions with investment bank Rothschild to assess options to compete in the UK National Lottery 2020 tender. A confident FDJ eyes its future opportunities having completed one of Europe’s biggest 2019 IPOs floating on the Paris Euronext Exchange this November, securing a …

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