OPAP - Caution following ‘encouraging’ recovery
OPAP’s Q220 results were heavily affected by the COVID-19 closures, with a revenue (GGR) decline of 53.2%. As expected, costs were well managed so...
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OPAP - Forecasts held as it emerges from lockdown
OPAP’s Q120 results showed the initial impacts of the COVID-19 outbreak, with revenue declining by 17.1% as the company’s physical locations began...
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OPAP - Responsible gaming with high cash flow
OPAP is Europe’s only listed gaming operator with 100% pre-paid exclusive retail licences, providing substantial barriers to entry. Margin...
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OPAP - Well capitalised to weather COVID-19
FY19 results were in line demonstrating a strong underlying business, but these have been overshadowed by the impact of COVID-19 on FY20....
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OPAP - Surprising extraordinary dividend for Q120
OPAP’s Q319 results saw similar trends to H119 and were in line with our estimates. Gross gaming revenues (GGR) increased 6.7% to €393.6m, driven...
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