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OPAP has reached analyst’s high end forecasts
Tuesday November 25,2014 : OPAP ON THE UP
Cost cutting and new products pay dividends
Greece's OPAP has reached analyst’s high end forecasts in its nine month and third quarter results released Tuesday.
The improvement in results has been attributed to cost-cutting measures imposed by OPAP along with the rejuvenation of the products it offers the public.
Key performance highlights include:
- A 26 percent rise in Net profit to Euro 55.9 million from Euro 44.4 million in the same period last year.
- An interim dividend of Euro 0.23 a share, the first time an interim payout has been made since 2010.
- EBITDA rose 33 percent to Euro 94.2 million, aided by a 30 percent drop in annual distribution costs.
- Sales of OPAP's flagship sports betting game Stihima rose 19 percent to Euro 1.07 billion.
Looking ahead, OPAP wants to expand into video lotto products, a strategy analysists say will position the company for growth as its moves forward.
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International Table Tennis Federation in deal with Sportradar. -
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NBA odds on Thunder vs. Pacers Game? -
This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.
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Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.
SportsBetting Supreme Court Showdown -
Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)
NBA Odds: Heat Can Burn Cavaliers in Cleveland -
The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.
Games Concept Day in Malta -
The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.
AFC’s fight against match-fixing -
The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.
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