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OPAP to become major stakeholder in GML Interactive

Published

6 years ago

on

OPAP Launches Direct Response Programme
Photo Source: jimmakos.com
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The Greek lottery operator OPAP S.A., subsidiary OPAP Investment Ltd, is going to buy 51 per cent of Stoiximan Group’s Greek and Cypriot operations under GML Interactive. The deal worth Euro 94.86 million plus net cash in hand on the closing date.

“Stoiximan Group generated revenues of Euros 136 million and EBITDA of c. Euros 16 million in 2017. Revenues increased further in the first 11 months of 2018 (+30 per cent y-o-y), demonstrating significant growth across all jurisdictions, while the active customers’ base has also climbed by 29 per cent vs. 2017,” – OPAP press statement.

“Stoiximan’s strategy remains focused on strengthening its position in the domestic market and intensifying its technology orientation, while at the same time actively pursuing further expansion.”

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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