Bookmakers

Strong increase in OPAP profits

OPAP recorded strong profitability in the first half of the year, with net profits up 34.2% compared to last year.

At the same time, the board of directors approved the distribution of 1 euro as an interim dividend for the year 2023, with a cutoff date of November 2, 2023.

OPAP profits jump 128.3% in 2022

OPAP, the leading gaming operator in Greece, said net profits jumped 128.3% to 592.3 million euros in 2022 from €259.4 million in 2021, with fourth-quarter net profit at €306.5 million (boosted by a €181.3 million profit from the sale of Betano), an increase of 277.6% from the same period in 2021.

Experts divided over Covid measures

After much disagreement and acrimony between members of the government's panel of experts, a new set of restrictions will come into force as of Saturday in Attica, Thessaloniki and Halkidiki, including a ban on movement from 6 p.m. until 5 a.m. on weekends as well as the click-and-collect method for retail. 

OPAP first-quarter profit hit by Covid-19 lockdown

OPAP, Europe's fourth-biggest betting business, reported a 38% drop in first-quarter profit on Wednesday due to the closure of outlets during the coronavirus lockdown in Greece and Cyprus.

Net profit in the January to March period stood at 35.5 million euros ($40.3 million), down from 57.2 million in the same period a year before.

OPAP takes over 
rival Stoiximan

OPAP, Europe's fourth largest gaming company, has agreed to acquire a controlling stake in the fast-growing Greek and Cypriot business of online bookmaker Stoiximan, it said on Tuesday.
OPAP, which already holds a 36.8 percent stake in Stoiximan's online operations in Portugal, Romania and Germany, has agreed to buy a 51 percent stake in Stoiximan's Greek and Cypriot operations.

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