Greek operator OPAP has announced its nine-month financial results for the period ending September 30, 2024, with a gross gaming revenue of €1.6bn.
This figure is up 9.4 per cent from €1.5bn for the same period in 2023.
Gross profit reached €692.5m, up 12.4 per cent from €616.1m, and EBITDA was at €586.9m, up 12.9 per cent from €519.9m year-on-year.
“Following the solid performance in the first half of 2024, OPAP has delivered a strong set of results in Q3,” said OPAP’s CEO, Jan Karas.
“The quarter’s highlight was Tzoker’s Mega jackpot, which led to enhanced activity in both the retail and the online channel alongside increased footfall in our stores. Positive trends also continued for sports betting in both channels, driven by a full sports events calendar. Moreover, the online casino vertical sustained its momentum, playing a key role in the substantial growth of our online business.
“Furthermore, profitability recorded a strong increase primarily due to the expected normalisation of operating expenses, reaffirming our continuous focus on cost efficiency.
“Overall, we remain confident that we are well-positioned to meet OPAP’s financial and business objectives for the full year, as well as to deliver on the upper end of our 2024 outlook.”
