Connect with us
NSoft

Latest News

OPAP Reports Good Results for Q3 2019

Published

on

5 OPAP Reports Good Results for Q3 2019Reading Time: < 1 minute

 

Greek operator OPAP has reported good results for the third quarter of 2019. In the three-month period, OPAP posted net profits of €48.8 million, representing a 24.5% increase from the €39.2 million in 2018.

Gaming gross revenue (GGR) in the third quarter increased by 6.7% year-on-year based on €393.6 million as a result of strong lotteries’ performance, increased contribution of VLTs and scratch & lottery recovery.

For the first nine months of 2019, net profits totalled €140.6 million, up by 33.6% from the €105.2 million in the same period last year.

“Our financial results for the third quarter further highlight the growth that the OPAP team has achieved, thanks to the investments made and the hard work of recent years. As revenue and profitability grow well compared to 2018, I believe that OPAP continues to benefit from its ongoing transformation. In the third quarter, similar trends were observed to those of the first half of 2019, with strong results in lotteries, dynamic performance in slot machines (VLTs) and continuous improvement in sports betting performance,” Damian Koop, Managing Director of OPAP said.

“With regard to customer relationships, our active online customer base continues to grow on a monthly basis, VLTs and new Tora services. We are now just a few weeks before 2020, the year of the 2020 Vision, as it was originally presented. Until then, we will focus on achieving our goals for the rest of 2019. In this context, we are optimistic that we will successfully achieve our goals for the whole year,” Damian Koop added.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: OPAP Reports Good Results for Q3 2019

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Latest News

Reliable betting site of 1xBet

Published

on

fxpro-1 Reliable betting site of 1xBet  The recent results of Watford disappoint the fans of the club, because even the last season the team participated in the final of the FA Cup, and now it has almost no chance to stay in the Premier League. To get excellent benefits and various promotional offers, you should pay attention to the proven […]
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Reliable betting site of 1xBet

Continue Reading

Latest News

Online Sportsbook and Casino BETZEST™ goes live with payment provider Pay4Fun

Published

on

betzest-pay4fun Online Sportsbook and Casino BETZEST™ goes live with payment provider Pay4Fun  Online Casino and Sportsbook Betzest™ announced a new partnership with leading payment provider Pay4Fun offering instant, safe transactions  for online iGaming industry In Brazilian market. Pay4Fun are already available on Betzest cashier for both deposits and the withdrawal of winnings, offering real-time payments for players. Online sportsbook and Casino Betzest continues increasing its operations […]
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Online Sportsbook and Casino BETZEST™ goes live with payment provider Pay4Fun

Continue Reading

Latest News

The Gambler’s Fallacy is a Crutch for Bitcoin Adoption

Published

on

Bitcoin-Adoption The Gambler’s Fallacy is a Crutch for Bitcoin Adoption  Gambling is a human institution and has been for millennia. It has been there along the way with religion, relationships, and sports as a regular institution in our lives. Many hopes and dreams have been validated and destroyed on the whims of a game of dice or roulette wheel. There is an explanation though […]
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: The Gambler’s Fallacy is a Crutch for Bitcoin Adoption

Continue Reading

Trending

European Gaming Media and Events is a leading media and boutique event organizer in the European Union with a monthly reach of +50,000 readers. The official company (PROSHIRT SRL), has been listed for 4 years in a row among the top 3 Advertising and market research agencies in the local Top Business Romania Microcompanies based on the Financial Reports.

Contact us: sales@europeangaming.eu

Editorial / PR Submissions: editor@europeangaming.eu

Copyright © 2015 - 2020 European Gaming Media and Events. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.