High tax continues to dampen OPAP’s performance

EconomyCorporates Tags: Corporates, Results
Photo via www.opap.gr
Photo via www.opap.gr

The Greek Organisation of Football Prognostics (OPAP), Greece’s leading game operator and Europe’s largest betting firm, has released its Q3 2016 financial statement showing that gross gaming revenue rose by 6.1 percent to 319.2 million euros.

EBITDA stood at 62.3 million euros compared to 87.1 million euros, a decline of 28.4 percent. On a 9-month basis, EBITDA stood at 223.8 million euros in 2016 compared to 273.5 million euros in the same period last year, a decline of 18.2 percent.

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