Latest News
OPAP Updates Coronavirus Impact on its Business

Greek gaming operator OPAP has provided an update on the impact of coronavirus on its business. OPAP revealed that almost all its revenue had been wiped out by the closure of its outlets due to coronavirus lockdown in Greece and Cyprus.
Greece reported its first coronavirus case at the end of February.
“We have responded quickly to protect our employees and agents, taking a number of necessary mitigation steps,” Damian Cope, Chief Executive of OPAP, said.
The company estimates that the monthly earnings before interest, tax, depreciation and amortisation (EBITDA) will be 50–53 million euros lower if the shutdowns are extended beyond April.
OPAP said in a statement that Cope will step down at the end of May when his four-year contract ends and that it has begun looking for a successor. If none is found by that date, Chief Commercial Officer Jan Karas will take over as acting CEO.
“I am confident that OPAP will bounce back strongly once this unfortunate period comes to an end,” Cope said.
OPAP reported a 62% rise in fourth-quarter net profit to 61.8 million euros as a result of its new video lottery operation and lower taxation.
-
Asia7 days ago
Jetapult-backed UMX Studios launches DriftX, a mobile car racing game
-
Cryptocurrency6 days ago
Slotland Entertainment Rolls out Dazzling New Slot, 8 Crystals, Across Multiple Brands with new Cryptocurrency Integration
-
Latest News6 days ago
Week 13/2025 slot games releases
-
Latest News6 days ago
GoldenRace Launches New Virtual Football for Retail
-
Latest News6 days ago
CONCEPT DEBUTS WITH NEW GAMES AT CASINO GRAND LEÓN IN MEXICO
-
Latest News6 days ago
Holland Casino Appoints New Director for its Online Division
-
Latest News6 days ago
BGaming Launches Data-Driven Players Hub
-
Latest News7 days ago
AGS Ignites IGA 2025 with Next-Level Slot & Table Game Innovations