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Greek gambling monopoly profits plunge • This Week in Gambling
iGaming Business – Greek gambling monopoly OPAP has reported a massive 73.9% year-on-year fall in net profit to €67.3 million ($89 million) from €258 million for the first half of 2013. Revenue fell by 15.1% from €2.055 billion to €1.744 billion, with OPAP citing chronic financial problems in Greece and one-off factors for the results. Between the start of January and the end of June, sportsbetting declined by 26.9% to €605.9 million, while numbers games operated by OPAP fell by 7.1% to €1.138 billion. Earlier this month, the Greek government’s Hellenic Republic Assets Development Fund (HRADF) agency finalised a deal to...
This Week in Gambling