OPAP recorded a strong performance during the second quarter of 2024, the company’s management noted during the presentation of financial results to analysts.
The company’s performance benefited from the dynamic growth of the online channel and the significant contribution of the retail network, led by the sports betting activity, which was reinforced during Euro 2024.
According to the organization’s management, Pame Stoixima’s gaming experience has been significantly improved during Euro 2024, thanks to the renewed bet builder and cashout functions, which has led to greater interaction with customers.
OPAP CEO Jan Karas emphasized: “OPAP is well positioned to achieve its financial and strategic objectives for the year 2024, deliver on its priorities in the areas of sustainability and social responsibility, and continue to deliver tangible value to all stakeholders.”
Karas made special mention of the concession agreement between the Republic of Cyprus and OPAP Cyprus, under which the company will hold the exclusive right to organize gambling for a period of 15 years. As he noted, this agreement further expands OPAP’s significant presence and long-term footprint in the Cypriot market.