BUSINESS

Greek gaming monopoly OPAP takes massive Q2 profit hit

TAGs: 2010 world cup, greece, OPAP, windfall tax

OPAP-Greek-MonopolyOPAP, the Greek gaming monopoly, is predicting a dire 61% hit to its Q2 profits after the government imposed a ‘windfall’ tax to help replenish its barren coffers. We’re confused – our dictionary defines ‘windfall’ as “a piece of unexpected good fortune”, but given that OPAP’s increased revenues were mainly due to World Cup betting, and given that the World Cup is a thoroughly predictable event, where exactly does the ‘unexpected’ aspect come into play? Read more.

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