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“Unprecedented” economic conditions hit OPAP results in Q3

25th November 2015 8:01 am GMT
OPAP

Greek gaming operator OPAP has reported a 13 per cent decline in gross gaming revenue to €300.9m for the third quarter of 2015, which the company attributed to “unprecedented” customer spending conditions during the period.

Turnover was down 16 per cent to €900.8m, with results impacted by the government shutting banks and imposing restrictions on withdrawals in June while the country was negotiating a third bailout with international lenders.

Betting turnover was down 20 per cent to €296.0m, with [...]

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