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Higher taxes weigh on OPAP as third quarter profit falls 40%

24th November 2016 9:35 am GMT
OPAP

Greek gaming operator OPAP has reported a 40 per cent drop in net profit to €29.3m for the third quarter of 2016, after recording a 3 per cent fall in net gaming revenue.

Total amounts wagered in the third quarter grew 8 per cent year-on-year to €975.3m, with gross gaming revenue (GGR) climbing 6 per cent to €319.2m.

The operator benefited from an 8 per cent increase in lottery revenue to €190.7m, due to the positive effect [...]

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