Greek gaming operator OPAP said Friday that it expects 2013 profits to fall significantly compared to last year due to newly imposed taxes on its gaming operations.

In a presentation to investors published Friday, OPAP said that net profit is expected to amount to just €116m this year, which would be significantly below 2012 levels and equivalent to the net profit generated in Q3 2012 alone (€113.6m).

In its most recent financial statements, net profit for the nine month period ended September 30th amounted to €371.7m, down 9 per cent compared to the corresponding period last year.

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