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OPAP Finishes Rollout of 25,000 VLTs in Greece

Published

6 years ago

January 17, 2020

Niji Narayan

OPAP Finishes Rollout of 25,000 VLTs in Greece

Reading Time: < 1 minute

Greek gaming operator OPAP has completed the installation of 25,000 video lottery terminal (VLT) machines in its home country in December 2019.

The rollout of machines supplied by Inspired and the Synot Group took just under three years, beginning on January 11, 2017, after the European Union in 2015 approved the Greek government’s decision to award OPAP a VLT monopoly.

VLTs were a significant source of revenue for OPAP in the first half of 2019, with revenue rising 56.5% year-on-year from €89.4m to €139.9m. As a result, this boosted its share of group revenue from 12.1% to 17.9%, with OPAP operating 20,035 machines across 365 gaming halls and 1952 of its stores.

OPAP’s original exclusive deal was to introduce 35,000 VLTs, but the Greek parliament later passed an act to reduce this to 25,000.

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Niji Narayan

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.