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).
Amusnet Greece
Amusnet Goes Live with Superbet in Greece
Amusnet Greece has launched its portfolio on Superbet.gr, marking an important step in strengthening its presence in the Greek regulated market.
Through this partnership, the players can now enjoy a selection of Amusnet’s most popular and proven titles, known for their engaging gameplay, reliability and high-quality design. The rollout features 69 top-performing titles, providing a robust selection of content from day one.
The initial release for Greece includes world-renowned games such as Shining Crown and Shining Crown Buy Bonus, the 14 Golden Coins Link Jackpot titles and the popular “Hot” series featuring Super Hot, Power Hot and Burning Hot. These games offer players a balanced mix of classical mechanics and modern features, tailored to the local audience’s preferences.
“We are grateful to be part of Superbet’s entry into the Greek market and excited about the opportunities this partnership brings. With our strong local presence and proven performance in the market, we are confident we can support Superbet in building a competitive and engaging offering from day one,” said Jelena Stankovic, Director at Amusnet Greece.
“Partnering with Amusnet, a globally renowned provider with strong traction in the Greek market, marks another milestone in our ambitious growth journey, while elevating our commitment to delivering a next-level, immersive entertainment experience for our customers,” said Stathis Leontaritis, Casino Lead at Superbet Greece.
The launch further reinforces Amusnet’s commitment to expanding its footprint in key regulated markets while delivering tailored, high-quality content to local audiences through trusted partners like Superbet.
The post Amusnet Goes Live with Superbet in Greece appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
Greece
Regency Entertainment launches Regency Casino Online in Greece with SkillOnNet
RegencyCasino.gr is the operator’s first digital product, built on SkillOnNet’s platform with live casino and Greek-speaking dealers
Regency Entertainment S.A. and SkillOnNet have launched Regency Casino Online in Greece, with the new online casino operating at RegencyCasino.gr.
The launch marks Regency Entertainment’s first move into digital gaming, following its land-based casino operations in Greece, including Regency Casino Mont Parnes in Athens and Regency Casino Thessaloniki.
RegencyCasino.gr is powered by SkillOnNet’s platform and offers online casino content from suppliers including Evolution, NetEnt, Play’n GO, Playtech, Pragmatic Play and Relax Gaming. The partners said the product also includes live casino tables with Greek-speaking dealers.
Regency and SkillOnNet said the platform includes responsible gaming and player protection tools. The companies also said the “RegencyCasino online brand will roll out to more SkillOnNet licensed markets including the UK, Denmark, Spain, Sweden Germany and more in the coming months.”
Yiannis Tsirikos, CEO at Regency Entertainment said: “For nearly three decades, Regency Casino has built its reputation in Greece on trust, quality and a commitment to delivering exceptional entertainment. With the launch of Regency Casino Online, we are proud to bring that same premium experience into the digital space, giving players the opportunity to enjoy a secure, engaging and truly authentic casino environment wherever they are.
“We believe in creating entertainment that is both exciting and responsible, and this new platform reflects our continued ambition to raise the bar while always putting our players first.”
Maor Nutkevitch, SVP Corporate Development at SkillOnNet said: “We are delighted to support Regency Entertainment in bringing its trusted and well-established brand online in Greece. This launch marks an important milestone in our partnership and highlights the strength of our platform in delivering premium, compliant and engaging experiences in regulated markets. Greece is a key region for us, and we look forward to working closely with Regency to deliver a best-in-class online casino offering for players across the country.”
The post Regency Entertainment launches Regency Casino Online in Greece with SkillOnNet appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
Casino Content
DEGEN Studios launches full games portfolio with Novibet in Greece
DEGEN Studios has taken its full games portfolio live in Greece with Novibet, expanding its distribution in the regulated market.
The operator, founded in 2010, said it has grown into an international GameTech business with operations across Europe and the Americas and now offers more than 8,500 casino games.
The launch includes DEGEN titles such as Zoomania, Vendetta Fury and Penalty Pro.
Danny Gordon, Head of Studio at DEGEN Studios, said: “Novibet is just the kind of partner we want to be working with. They understand that players are looking for something with a bit more edge, not just another version of the same experience. Our games are built to feel different from the moment they load, whether that’s through the worlds we create or how the gameplay unfolds, and that lines up well with what Novibet is building in Greece. This is a strong step as we continue to expand across key regulated markets.”
Foteini Matthaiou, Executive Director of Casino at Novibet, added: “At Novibet, we are committed to continuously enriching our content portfolio with high-quality games that deliver engaging and diverse player experiences. DEGEN Studios brings a distinctive creative approach, and we are pleased to introduce their titles to our players in Greece.”
The post DEGEN Studios launches full games portfolio with Novibet in Greece appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
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