ATHENS, Greece – OPAP S.A. (OPAr.AT, OPAP:GA), the leading gaming operator in Greece, announces its consolidated financial results for the nine month period ended September 30th, 2017, prepared in accordance with International Financial Reporting Standards (IFRS).
Revenues (GGR) increased by 4.8% at €1,045.8m (9M 2016: €998.0m). Q3 2017 GGR increased by 11.9% at €357.4m (Q3 2016: €319.2m), on the back of strong growth in betting and increasing VLTs contribution.
EBITDA at €223.5m (9M 2016: €223.8m) & Q3 2017 EBITDA at €92.9m up by 49%. After adjusting for the reversal of litigation provisions of €14.7m that boosted Q3 2017 numbers, as well as €6.4m of one-off VLT arbitration related costs that hurt Q3 2016, Q3 2017 EBITDA came in at €78.1m higher by 13.6% y-o-y. The reported growth came in despite development expenses linked with the implementation of several new projects.
Net Profit at €109.0m (9M 2016: €115.1m) lower by 5.3% & Q3 2017 net profit at €48.1m higher by 64.1%. Adjusted Net profit in Q3 2017 reached €37.6m (adjusted Q3 2016 at €33.8m).
Strong financial position, with Net Debt at €234.5m
5,297 installed VLTs at the end of Q3 with rollout picking up pace in Q4, 698 installed SSBTs and solid performance of virtual games
Technology transformation of core gaming platforms continuing.
Proposed distribution of retained earnings amounting to €0.70 per share
New York - Inspired Entertainment, Inc. (“Inspired”) (NASDAQ: INSE) today announces that it will supply an additional 1,400 VLTs to OPAP in Q1 2018.
- Betgenius will supply one of Europe’s largest gaming companies with a new platform solution
- Betgenius also becomes OPAP’s primary in-play data provider across retail and online
OPAP Group (OPAP), the leading Greek betting and lottery operator and INTRALOT, a leading global gaming solutions provider, have agreed the extension of their cooperation in the field of numerical lotteries and services with the signing of a new three-year contract that also includes an option for OPAP to renew for an additional two years. This extension is consistent with OPAP’s 2020 Vision and the Strategic Priorities of “leveraging the latest digital and technology capabilities” and “building a world class portfolio of products and services”. The new agreement includes the delivery of INTRALOT’s latest lottery platforms and significant commercial improvements over the next few years.
Betradar is proud to announce that OPAP, the leading gaming company in Greece and exclusive operator of all numerical lottery, sports betting and horse racing betting games, has expanded its live betting offering, both across OPAP’s extensive agencies network and online, in cooperation with Betradar’s unique Live Betting Solutions. Betradar’s Live Betting Solutions are fully automated and integrated in- running trading services, providing a broad variety of live betting sports and markets.
The enhancement of digital and technology capabilities and upgrade of core services is part of an investment of more than 100 million EUR
OPAP Group (OPAP), the leading Greek betting and lottery operator, has concluded its technology strategy review and has selected the key organisations with whom OPAP will partner in the delivery of its 2020 Vision. The new partnerships are consistent with the company’s Strategic Priorities of “building a world class portfolio of products and services” and ”leveraging the latest digital and technology capabilities”.
ATHENS, Greece– OPAP S.A. (OPAr.AT, OPAP:GA), the leading gaming operator in Greece, announces its consolidated financial performance for the nine months period ended September 30th, 2016, prepared in accordance with International Financial Reporting Standards (IFRS).
For the 5th consecutive year people participate in an interactive application and OPAP contributes by renovating the two children’s hospitals “Aghia Sofia” and “Panagiotis & Aglaia Kyriakou”
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