Allwyn International maintains “organic growth” within its legacy markets, as corporate accounts adjust to transformative developments in the UK and North American markets. Publishing a preliminary (unaudited) trading update, the global lotteries group reported Q3 revenues of €2.14bn, up 7% on the 2023 comparative figure of €2bn. Growth was driven by strong performances in Austria, where gross gaming revenue (GGR) …
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OPAP guarantees 2024 targets on Lotto & Online growth
OPAP SA trades with confidence in achieving its “upper-end financial outlook” for the year, targeting over €2.2bn in gross gaming revenues (GGR) and an EBITDA of €770m. Confidence in meeting these targets is underpinned by the Athens-listed gambling group’s improved retail results, combined with online growth continuing to surpass expectations. Year-to-date (YTD) accounts (up to 30 September) show group GGR …
Read More »OPAP hunts new Chairman as Ziegler’s retires unexpectedly
The board of OPAP SA has initiated a search for a new chairman following the immediate resignation of Kamil Ziegler. Yesterday, OPAP informed investors that Ziegler had stood down as Chairman of the Athens-listed gambling group and operator of the Greek national lottery. Intermediate plans will see Jan Karas take on the dual responsibilities of Group CEO and Chairman of …
Read More »OPAP nets positive H1 results via deeper online GGR contribution
OPAP SA cites confidence in achieving all corporate and commercial objectives for 2024. Publishing its H1 2024 consolidated accounts, the Athens-listed gambling group achieved a 5.5% increase in gross gaming revenues (GGR) to €1.08bn (H1 2023: €1.02bn). Leadership noted that OPAP continues to benefit from its enlarged digital profile, as online units account for 30% of total H1 GGR. Period …
Read More »OPAP nets exclusive games of chance concession for Cyprus
OPAP SA is now the exclusive provider of games of chance in the Republic of Cyprus. The Athens-listed gambling group announced that its OPAP Cyprus subsidiary has signed an exclusive concession agreement to conduct and manage designated games of chance for the government of Cyprus. This agreement is part of the strategic alignment with Cyprus’ Law on Designated Games of …
Read More »Allwyn maintains Euro growth as focus turns to revitalising National Lottery sales
Allwyn International has marked 2023 as a transformative year for its business, which will now focus on revitalising the performance and sales of the UK National Lottery. Upon publishing its unaudited full-year 2023 accounts, the company saw its corporate revenues double to €7.87bn. The year’s accounts detailed that National Lottery sales accounted for a revenue contribution of €3.9bn, down 4% …
Read More »OPAP sets €2bn revenue record but tax burden dims profit results
OPAP SA states that it has established a new benchmark for its business, generating more than €2bn in corporate revenues. The Athens-listed gambling group published its full-year 2023 accounts, in which revenue results amounted to €2.08bn, up 7% on FY2022 comparatives of €1.93bn. The record-breaking figure was achieved off the back of stellar Q4 trading, as OPAP’s “Q4 2023 GGR …
Read More »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 …
Read More »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 …
Read More »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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