Greece's largest gaming firm, OPAP, reported a record annual gross gaming revenue (GGR) for 2024, rising 10% to 2.30 billion euros ($2.50 billion) from 2.09 billion euros the previous year. Recurring net profit increased by 11.9% year-on-year to reach 491.6 million euros.
"Our online activities reached new highs, accounting for 32% of the group’s GGR," said OPAP's Chief Executive Jan Karas.
Revenues from the online casino segment surged by 29.2%, bolstered by strong demand from both new and existing players, while total betting revenues rose by 15.6%.
For 2025, OPAP anticipates low single-digit growth in GGR, with the earnings before interest, taxation, depreciation, and amortization (EBITDA) margin projected at around 35%.
The Athens-listed group also plans to distribute a final dividend of 0.80 euros per share in May, in addition to the previously paid interim dividend of 0.60 euros per share.