BUSINESS

Revenue falls, but Greek gaming monopoly beats expectations

TAGs: greece, OPAP

The Greek gaming monopoly OPAP, like virtually every other aspect of the Greek economy, saw revenues fall over 6% in the first quarter of 2010, and operating income dropped almost 12%. But given the level of chaos in the country (and ongoing strikes by OPAP’s employees), analysts had expected much worse. Geez, imagine how bad expectations would have been if OPAP had actual competition. Read more.

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