Greece
OPAP Announces Consolidated Financial Results for the Nine Months Ended September 30

OPAP, the leading gaming operator in Greece, announced its consolidated financial results for the nine-month period ended September 30, 2023.
9M’23 Gross Gaming Revenues (GGR) landed at €1506.5m vs €1398.1m in 9M’22, higher by 7.8% y-o-y driven by solid growth in retail and strong online performance. Q3’23 GGR stood at €481.0m, lower by 3.6% y-o-y, mainly attributed to Tzoker’s unfavourable jackpot roll-overs, Sports betting higher payout across the industry and adverse one-off natural events (floods, wildfires).
Gross Profit (from gaming operations) in 9M’23 up by 7.2% y-o-y at €616.1m (9M’22: €574.8m), in line with revenue growth. Q3’23 lower by 5.5% compared to respective period last year at €193.5m (Q3’22: €204.6m).
Operating Expenses in 9M’23 at €299.0m vs €251.2m in 9M’22, higher by 19.0% y-o-y in order to support the uplift of operations in both channels. Q3’23 Opex reached €114.6m or €87.9m excluding one-off items, higher by 11.2% l-f-l compared to Q3’22.
EBITDA in 9M’23 decreased by 2.5% y-o-y at €519.9m (9M’22: €533.3m) or +0.9% l-f-l. Q3’23 EBITDA came in at €145.4m (Q3’22: €197.6m), down by 26.4% y-o-y or -12.9% l-f-l., due to headwinds impacting the top line performance, while operating expenses increased.
Net Profit in 9M’23 stood at €307.7m (9M’22: €285.8m) up by 7.7% y-o-y (+6.8% l-f-l). Q3’23 Net Profit stood at €83.3m (Q3’22: €118.5m), decreased by 29.8% y-o-y (-12.5% l-f-l).
Greece
Аmusnet Enters into Strategic Partnership with efbet

Amusnet has partnered with efbet Greece to strengthen its presence in the local market and deliver a premium gaming experience to Greek players. The collaboration is now live and brings a wide selection of Amusnet’s top-performing titles to efbet’s platform, marking another important step in the company’s strategic growth across regulated European markets.
This partnership signifies an achievement for Amusnet in Greece, bringing over 100 acclaimed titles including Extra Crown – a royal slot game filled with exciting bonus features, Cocktail Rush – video slot will take you to stunning golden beaches with exotic drinks and fruitful wins, Vegas Roulette 500x – a fast-paced European roulette that combines the classics with the excitement of the dynamic payout experience, Orient Story Deluxe – a video slot offering rewarding features and winning spins, and 40 Power Hot – a royal slot game filled with exciting bonus features to efbet’s platform.
“Partnering with efbet Greece marks a significant step in strengthening our position in the local market. efbet’s established reputation, combined with our comprehensive gaming portfolio, provides a solid foundation for delivering a high-quality, elevated experience to Greek players. This collaboration reflects our shared commitment to sustainable growth, operational excellence, and long-term success,” said Jelena Stankovic, Director of Amusnet Greece.
“We are excited to welcome Amusnet to our growing portfolio of gaming providers at efbet.gr. This partnership marks another important step in enhancing our casino offering and delivering even more value to our players in Greece. By integrating Amusnet’s popular titles, we continue to strengthen our position in the market and reaffirm our commitment to quality and entertainment – a move fully aligned with our long-term strategy,” the Senior Management from efbet noted.
This collaboration underscores Amusnet’s commitment to excellence and reflects its ongoing strategy of forging impactful partnerships with top-tier operators in regulated markets, ensuring sustained growth and enhanced player experience.
The post Аmusnet Enters into Strategic Partnership with efbet appeared first on European Gaming Industry News.
Greece
Hellenic Gaming Commission and Health Quality Assurance Organisation Sign Deal to Combat Gambling Addiction in Greece

Greece’s gambling watchdog and public health agency signed a three-year deal to combat gambling addiction.
The memorandum of understanding between the Hellenic Gaming Commission (EEEP) and the Health Quality Assurance Organisation (ODIPY) aims to coordinate scientific interventions and support programmes to address the social and economic impact of addiction.
“This partnership allows us to overcome bureaucratic barriers and implement effective, coordinated solutions,” said EEEP President Dimitris Dzanatos.
ODIPY CEO Christos Nestoras called the agreement “a step toward a modern, evidence-based framework that supports citizens and those in need.”
The deal focuses on promoting responsible gambling, early risk detection, psychological support and rehabilitation services. A joint committee will oversee the implementation.
The post Hellenic Gaming Commission and Health Quality Assurance Organisation Sign Deal to Combat Gambling Addiction in Greece appeared first on European Gaming Industry News.
Compliance Updates
Fennica Gaming Secures B2B License in Greece

Fennica Gaming has announced that it has successfully obtained a B2B license in Greece. Following the B2B licenses in Sweden and in Ontario, Canada, this subsequent milestone marks a significant step in the expansion strategy and reinforces the company’s commitment to providing top-tier Games as a Service in the European market.
The newly obtained license, granted by the Hellenic Gambling Commission (HGC), encompasses several key components such as manufacturer license, Online Casino license and VLT license. Fennica Gaming is now authorised to operate under the stringent regulatory framework of Greece, ensuring compliance with all applicable provisions and regulations. With the license Fennica is enabled to offer a comprehensive range of entertaining gaming options for online and land-based purposes for the Greek operators.
“This is yet another major achievement for Fennica Gaming and a clear demonstration of our commitment to expanding our presence in regulated European markets. Securing B2B license in Greece allows us to bring our trusted game and service portfolios to a dynamic multi-vertical gaming market with an ambition to drive growth in the region. We are excited to support our partners in delivering entertaining and responsible gaming experiences to Greek players,” said Timo Kiiskinen, Managing Director of Fennica Gaming.
The license reinforces Fennica Gaming’s position as a reliable and compliant partner that is present already at 15 regulated markets. It is a great step to support the company’s mission to offer secure, innovative and entertaining gaming solutions wider across the different markets.
The post Fennica Gaming Secures B2B License in Greece appeared first on European Gaming Industry News.
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