OPAP, 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.
OPAP profits fall one-third on costs of new product rollouts
September 14, 2017
Greece wants to slash OPAP VLTs to 25,000
August 7, 2017
VLT rollout costs drag OPAP Q1 net profit down by 8.7%
June 13, 2017