• Gross Gaming Revenues (GGR) in Q1 2021 stood at €174.2m lower by 46.9% y-o-y on the back of retail closure, with only c.40% of the network having reopened in February. Online delivered a record quarter aided by Kaizen Gaming’s full consolidation.
  • Gross Profit (from gaming operations) in Q1’21 down by 38.2% at €75.6m (Q1 2020: €122.4m) due to revenues’ drop and Hellenic Lotteries’ disproportional GGR contribution so as to meet the minimum annual €50m contractual threshold.
  • EBITDA in Q1 2021 lower by 29.0% at €61.3m (Q1 2020: €86.4m) or -43.8% l-f-l after excluding one-off income in Q1 2021.
  • Operating Expenses in Q1 2021 at €76.1m vs €57.7m in Q1 2020, albeit lower by 14.8% y-o-y on a l-f-l basis, excluding one-off items and Kaizen Gaming’s full consolidation effect.
  • Net Profit in Q1 2021 down by 71.1% to €10.3m (Q1 2020: €35.5m) or €-1.9m on a l-f-l basis after excluding one-off income.
  • Strong cash position, with Net Debt at €552.8m, and Net Debt / LTM EBITDA at 2.4x (2.6x incl. leases).
  • Strong & lasting online momentum coupled with Kaizen Gaming full revenue stream.
  • All OPAP shops in Greece fully open since April 12th under social distancing measures, while VLTs activity is expected to resume operations on May 24th.
  • Following stores reopening BoD revised upwards its proposal to the AGM for the 2020 DPS at €0.55 vs €0.45 initially.

For further information on OPAP’s consolidated financial results for the period ended March 31st, 2021, please download the comprehensive report listed below.

Financial results OPAP

Got another minute? Check out:

News | 12. Nov 2020
Innovative lighted side panel instant ticket displays by Schafer Systems, a Pollard Banknote company, ...

WINNIPEG, Manitoba, November 12, 2020 /CNW/ – Pollard Banknote Limited (TSX: PBL) (“Pollard Banknote”) is pleased to congratulate the Kansas Lottery and our subsidiary, Schafer Systems (2018) Inc. (“Schafer Systems”), on the outstanding success of a recent pilot test program that evaluated the addition of lighted side panel instant ticket dispensers at select Kansas Lottery retailers. During the test period of July 12, 2020 to October 3, 2020, participating retailers experienced over 31% average growth in instant ticket sales over the same period last year, compared to the state-wide average of approximately 20%.

News | 18. Sep 2020
Scientific Games strengthens European instant game business with four-year Dutch National Lottery contract

Company's performance-driven management program drove 28%+ growth for Nederlandse Loterij's scratch card sales. LAS VEGAS and ATLANTA, Sept. 16, 2020 /PRNewswire/ – Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") was awarded a new, four-year contract by Nederlandse Loterij, the Dutch National Lottery ( or "the Lottery"), to provide instant game "scratch cards" through the Scientific Games Enhanced Partnership (SGEP), a performance-driven management program used by more than 20 lotteries globally. The agreement may be extended by Nederlandse Loterij for up to four additional years. The program generated more than 28% growth in the Lottery's scratch card retail sales during the previous contract period (2015-2019).