Bookmakers

OPAP profits up 43.5 pct in Q1

OPAP, Europe's fourth-largest betting firm by revenue, on Wednesday posted a 43.5 percent rise in first-quarter net profit thanks to cost savings and a growing video lottery business.
Net profit in the January-to-March period stood at 57.2 million euros, up from 39.8 million euros in the same period last year, OPAP said.

OPAP profits rise 18.5 pct in Q3

OPAP, Europe's fifth-biggest betting firm by revenues, saw its third-quarter net profit rise 18.5 percent, helped by its growing video lottery business.

Net profit in the July to September period stood at 39 million euros, up from 33 million euros in the same period last year, OPAP said.

The figure was in line with analysts' forecasts.

OPAP: Gov't plans to regulate online gaming 'a step in the right direction'

Greek government plans to regulate online gaming is "a step in the right direction," OPAP's chief executive officer said on Thursday.

OPAP, Europe's fifth largest firm in terms of revenues, holds the monopoly in internet gambling in Greece but hundreds of websites are also offering online gaming without a license.

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