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OPAP 2013 net profit hit by new Greek gaming tax

1st April 2014 8:10 am GMT

Greece’s OPAP has reported a 72 per cent drop in its full year net profit to €141.1m, with results impacted by the implementation of a new tax in Greece which translated into a yield of €345m for the government.

Total revenue fell by 7 per cent to €3,971.6m which the company attributed to the economic downturn in Greece and several one-off factors that hit Q1 results. Despite the full year decline, revenue rose for the second [...]

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