OPAP first quarter profit climbs 3.5%
Net profit also went up year over year by 3.5 % to 215.7 million euros, while the company's earnings before interest, taxes, depreciation and amortization was down .09 % at 299.5 million euros from high distribution costs.
The group's sports betting revenue fell 8.4 % because of lower Stihima revenue, OPAP said.
"The weakness in our first quarter sports betting results relative to the same period in 2008 is explicable by a very dissimilar seasonal pattern of sports events; we expect a partial correction in April and May," said Christos D. Hadjiemmanuil, OPAP’s chairman and chief executive, in the financial results.
"Moreover, the rejuvenation of our numerical games has contributed to their improved performance in the early months of the year, making us optimistic that we will achieve our profitability target for 2009," he added.
AGEM Index rises 51.64 points in April despite annual decline
Wilton Rancheria breaks ground on Sky River hotel resort development
PrizePicks expands motorsports presence through Arrow McLaren IndyCar agreement
Zitro Digital appoints Thiago Valadão as Commercial Director for Brazil
HIPTHER appoints Elena Stepanyatova to lead event content and production across conference portfolio
Red Rock Resorts posts record quarterly revenue, flags construction impact
Sportsbook integration: Deploying betting widgets at scale
Riddec Games enters Nirmata Play distribution network through Stargate partnership
Flows secures Pennsylvania Gaming Control Board authorisation
Wazdan earns triple nominations at AffPapa iGaming Awards 2026 for excellence in slots and branding
