Published by Global Banking & Finance Review®
Posted on September 3, 2025
1 min readLast updated: January 22, 2026
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OPAP's Q2 gaming revenue rose 4.7%, driven by online casino growth and steady lottery performance, despite a decline in sports betting revenue.
(Reuters) - Greece's largest gaming company OPAP raised its gross gaming revenue by 4.7% year-on-year in the second quarter, driven by strong online casino growth and a steady lottery performance, it said on Wednesday.
Lottery performance and the growth in online casino offset weaker sports betting due to tough comparisons with the Euro 2024 tournament, it said.
The group said GGR rose to 557.9 million euros ($653 million) in the second quarter from 532.8 million euros in the same period last year.
Revenue from its online casino segment surged 24.4% to 86.4 million euros, while lottery revenue grew 2.2% to 180.9 million euros, supported by strong jackpots.
Betting revenue, however, fell 1.9% to 178.2 million euros, reflecting a challenging comparison with last year’s second quarter, when the Euro 2024 tournament took place.
Chief Executive Jan Karas said in a statement the quarter demonstrated “solid financial results” despite “tough sports betting comparables,” and reaffirmed that OPAP was well-positioned to meet its full-year outlook.
The Athens-listed group also announced an interim dividend of 0.50 euros per share.
($1 = 0.8542 euros)
(Reporting by Antonis Pothitos; Editing by Jan Harvey and Emelia Sithole-Matarise)
OPAP's gross gaming revenue rose to 557.9 million euros in the second quarter, up from 532.8 million euros in the same period last year.
Revenue from OPAP's online casino segment surged by 24.4% to 86.4 million euros, contributing significantly to the overall growth.
Betting revenue fell by 1.9% to 178.2 million euros, attributed to tough comparisons with last year’s second quarter when the Euro 2024 tournament took place.
CEO Jan Karas stated that the quarter demonstrated 'solid financial results' despite the challenges posed by tough sports betting comparables.
OPAP announced an interim dividend of 0.50 euros per share, reflecting its commitment to returning value to shareholders.
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