OPAP is Europe’s only listed gaming operator with 100% pre-paid exclusive retail licences, providing substantial barriers to entry. Margin expansion and high cash flow have been achieved through product enhancements and successful cost controls, while maintaining strong CSR credentials. COVID-19 presents a significant near-term disruption and our forecasts include a total loss of €400m of gross gaming revenues in FY20. Despite the weaker outlook for retail spending, the company has
30 Apr 2020
OPAP - Responsible gaming with high cash flow
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OPAP - Responsible gaming with high cash flow
- Published:
30 Apr 2020 -
Author:
Victoria Pease -
Pages:
20
OPAP is Europe’s only listed gaming operator with 100% pre-paid exclusive retail licences, providing substantial barriers to entry. Margin expansion and high cash flow have been achieved through product enhancements and successful cost controls, while maintaining strong CSR credentials. COVID-19 presents a significant near-term disruption and our forecasts include a total loss of €400m of gross gaming revenues in FY20. Despite the weaker outlook for retail spending, the company has