The Greek Organisation of Football Prognostics (OPAP) has announced it profited €199
The Hellenic Organisation of Football Prognostics (OPAP) has proclaimed it profited €199.4m (£170.0m) in a 2020 yearbook report.
The regulator saw its 144 gaming revenue (GGR) and clear gaming revenue (NGR) driblet to €1.12bn and €737m respectively, a diminution of 30% and 32% from 2019.
Even though revenue declined, the company profited €199.4m, which represents only a 1% declination from 2019.
The chemical group said that the pandemic “significantly impacted the Group’s financial results and operational performance” due to closures inwards retail.
However, the troupe was more or less helped due to its online activities and deals. By having stakes inward Kaizen Gaming Limited and Stoiximan business, OPAP was capable to enhance its online offering.
The radical achieved a GGR of €42.0m for online betting and €23.9m for other online games. But drawing was its main seed of income, where it gained GGR of €518.6m and a NGR of €551.4m.
The accompany said: “Despite the coronavirus impact, the grouping maintains a warm financial position. OPAP has implemented a figure of measures to ensure normal trading operations that will also safeguard a speedy rampâup of the stage business at one time limitations testament be released and stores will reâopen.”
OPAP says its direction team up testament nearly monitor developments around the pandemic.
It says its dream is to encouragement its planetary online presence and utilise online gambling to strengthen its finances. It aims to go on enhancing its lottery offering and explores opportunities inward other areas the likes of social networking and virtual reality.