OPAP sees solid first quarter up 43.5%

Business News

OPAP, Europe’s fourth-largest betting firm by revenue, on Wednesday posted a 43.5% rise in first-quarter net profit thanks to cost savings and a growing video lottery business.

Net profit in the January-to-March period stood at 57.2 million euros, up from 39.8 million euros in the same period last year, OPAP said.

OPAP said it operated 19,965 video-lottery machines in Greece and 6.321 in Cyprus at the end of March.