Covid-19

OPAP reports 17% Q1 revenue fall as Covid-19 takes its toll

Greek operator also records profit and EBITDA losses as retail shutdown impact is revealed

OPAP has reported a gross gaming revenue (GGR) fall of 17% year-on-year to €328.3m for Q1 2020 as the coronavirus pandemic continues to financially impact the industry. Lottery accounted for 47% of total GGR in Q1 2020 with €154.5m, while betting made up 27%, a slight increase year-on-year amounting to €87.9m. Elsewhere, VLTs represented 20%…

Covid-19 | Finance | Greece | OPAP

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