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OPAP’s profit hit by revenue decline in Q1

24th May 2011 8:22 am GMT

Greek gaming monopoly operator OPAP has reported an 18 per cent drop in revenues to €1,121.4m for the first quarter of 2011, as a result of the adverse economic environment in Greece which led to a decline in both sports betting and numerical games revenues.

OPAP said that the revenue decline was mainly due to lower Stihima and Kino sales, reflecting the continued adverse economic environment and a two day agencies’ strike in January.

Total sports betting [...]

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