GREEK MARKET DATA 2017-2018 OPERATOR
TURNOVER 2017
OPAP Casinos Hellenic Lotteries
Online gambling TOTAL
€3.99bn €1.58bn €458.7m
Hellas Horse Races €40.6m Landbased total
€6.07bn €5.51bn €11.58bn
purchase. Since Sazka’s initial investment in OPAP it is said GGR has increased by 27 per cent, EBITDA by 59 per cent and OPAP has returned around €1.4bn in cash to its shareholders as dividends.
John Pavlou, Investor Relations Office at OPAP said: “Sazka Group, following the voluntary tender offer the previous month, is now controlling circa 40 per cent of OPAP’s share capital. Based on what they have stated they are willing to increase their stake, without delisting the company.”
OPAP currently has a 70 per cent market share in Greece and has the exclusive licence for all numerical lotteries (Kino, Super 3, Extra 5, Tzoker, Lotto and Proto) and sports betting and horse racing (Pame Stoixima, Monitor Games,
GGR 2017
TURNOVER GGR 2018
2018
€1.19bn €4.39bn €1.54bn €253.5m
€246m
€170.7m €430.7m €152.1m €10.5m
€1.63bn
€295.6m €7bn €1.92bn €
has an 18 per cent market share.
Te OPAP network in total includes 3,829 stores (by end 2019) of which 35 per cent of the locations are either new or been upgraded over the last three years. Average store size is 124sq.m
During the first nine months of 2019 OPAP opened or upgraded 428 new stores and launched three new types of stores (Protypo, Mega Play and Block). Te Protypo was first unveiled in 2018 as the blueprint of what future OPAP agencies would look like and offer an upgraded gaming experience with SSBTs and VLTs. Te Mega Play Store first opened in May 2018 and offers a spacious gaming zone, event hosting and bar whilst OPAP Block first opened in September 2018 and combines gaming (with the capacity for up to 50 terminals.
During the first nine months of 2019 OPAP opened or
upgraded 428 new stores and launched three new types of stores (Protypo, Mega Play and Block). Te Protypo was
first unveiled in 2018 as the blueprint of what future OPAP agencies would look like and offer an upgraded gaming
experience with SSBTs and VLTs. Te Mega Play Store first opened in May 2018 and offers a spacious gaming zone, event hosting and bar.
Propo, PropoGoal, Horse Racing Stoixima and Pame Stoixima virtual sports).
Since 2014 OPAP has also been exclusively operating passive lottery and Instant Win games (scratchcards) with three different types of passive lotteries (Laiko, Ethniko and State lottery). Te lottery tickets are sold via 4,100 agencies in Greece and Cyprus and 8,500 PoS and street vendors.
Te exclusive licence for lottery games expires in 2030, for scratch and lottery in 2026 and horse racing in 2036.
Sports betting has a 19 per cent company revenue share and the company also has over 6,480 OPAPBet terminals (SSBTs) in 2,284 stores and OPAP has the exclusive right to conduct domestic online gaming in Greece and blacklist any illegal operator. Te offshore online market
In addition over 8,700 new Apollo terminals replaced the old Coronis terminals. Tis also included the transition from the Intralot Pame Stoixima platform to the new BGT platform. Tey linked with Tora Direct and Tora Wallet (subsidiaries of OPAP) and there are now more than 800 OPAP stores in the network of Tora offering e-money services.
In 2018 the company saw total wagers of €4.39bn with €1.54bn in revenues (GGR) – a 6.3 per cent increase on 2017 GGR and €143.3m in net profits (up by 13.7 per cent) whilst €723m was paid to the Hellenic government.
Te first nine months of 2019 saw total wagers of €3.21bn and a GGR of €1.17bn with €212.7m coming from the VLT sector already surpassing 2018 whole year VLT revenues. Te growth of this sector has been significant and today on average has a 20 per cent share in OPAP’s
NEWSWIRE / INTERACTIVE / MARKET DATA P109
€391.6m €2.1bn
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