Tough Summer Batters Greece's OPAP

  • Q2 GGR down 53 percent
  • Keno players hardest hit
  • Tourism drought having effect

A miserable tourist season in Greece and fears of further social distancing are making betting and lottery giant OPAP wary of calling an end to the damage wrought by COVID-19.

Second quarter gross gaming revenues of €180m were down 53 percent on the €384m recorded a year ago and were "heavily burdened by the lockdown period" which ended on May 11, said CFO Pavel Mucha. 

Speaking on an analyst call, Mucha expressed fears that the already-shaken Greek economy could see more setbacks throughout autumn and winter.

To continue reading please log in or request a demo to speak to a member of the team.

Request a Trial

Click here to request a trial