“2018 marked the 60th anniversary of OPAP’s foundation and the entire OPAP team is proud of what was achieved in this historic year, commented OPAP’s CEO, Mr. Damian Cope."
News Release
FY 2018 FINANCIAL PERFORMANCE
OPAP S.A. Consolidated Financial Results
for the Fiscal Year ended December 31st, 2018
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Comment of OPAP’s CEO, Mr. Damian Cope, on the Q4 2018 results: “2018 marked the 60th anniversary of OPAP’s foundation and the entire OPAP team is proud of what was achieved in this historic year. We successfully delivered all of our key business objectives including our complex technology transformation and the move to a new, mutually beneficial relationship with our agents. The quality of our retail network further improved with over 500 new shops opened and a total of more than 6,000 SSBTs now operational across our networks in Greece & Cyprus.
Our young Play Games VLT business finished the year with an excellent Q4 performance, driven by an encouraging increase in the number of active players. We are now operating over 350 dedicated Gaming Halls and remain on track to install all 25,000 machines by the end of 2019 as planned. Online we relaunched OPAP’s own sportsbook and we also made a strategically important investment in Stoiximan Group, and via both paths we believe we will be able to rapidly grow our presence online.
Throughout all our activities we continue to maintain both our overall cost discipline and our focus on operating as a responsible corporate citizen. This is reflected in the WLA Level 4 certification of our responsible gaming approach and via our sustained commitment to many, diverse CSR activities.
Finally, I would like to once again express my sincere gratitude to all members of the wider OPAP team, including our agents, partners, suppliers and other supporters, for all of their hard work, determination and support during our transformational year in 2018. Thanks to this collective effort we remain well placed to deliver another positive year in 2019, the next step in the delivery of our 2020 Vision.