Greek betting operator OPAP generated first half revenues of €1,082.5m, up 5.6 per cent while Q2’24 GGR stood at €532.8m, higher by seven per cent, benefiting from a notable performance in online, which contributed almost 30 per cent of group’s revenues, and a solid retail contribution, also aided by high-profile tournaments at the end of the quarter, driving customer engagement at higher levels.
Gross Profit from gaming operations in H1 2024 stood at €450.6m compared with €422.6m
in H1 2023, higher by 6.6 per cent year-on-year. Q2 2024 Gross Profit from gaming operations increased by 9.5 per cent year-on-year to €223.9m vs €204.6m in Q2 2023, in line with the top line uplift.
OPAP’s CEO, Jan Karas, said: “Following a solid start to the year, Q2 2024 proved to be another strong quarter with positive results for OPAP, mainly driven by sportsbetting activity, which was significantly boosted during the Euro 2024 tournament. Our fresh game Eurojackpot continued its upward trend, playing a key role in the overall draw-based games transformation. Additionally, we enriched our virtual games portfolio with a new NBA offering, while we also introduced local jackpots in Play stores. Moreover, the penetration of our online games increased to record levels, reflecting the successful execution of our dual strategy.
“In this framework and in line with our unwavering commitment to rewarding our shareholders, we are pleased to distribute an interim dividend of €0.60 per share. Looking ahead, we are confident that OPAP is well positioned to achieve its financial and strategic goals for FY2024, as well as to meet its sustainability and social responsibility priorities, and to continue to deliver tangible value to all its stakeholders.”