Opap Hammered By Taxes And Smaller Deposits

OPAP HAMMERED BY TAXES AND SMALLER DEPOSITS

30th August, 2013 at 05:12:08
Source: http://www.azonlinecasinos.com

Q2-2013 profit drops 78 percent

Higher taxes and the effects of the economic recession on player deposits hit Greek gambling monopoly OPAP's profits in Q2-2013 released this week, with y-o-y profits down 78 percent.

Net profit fell to Euro 28.4 million as sales dropped 12% year-on-year to Euro 875 million, slightly better than analysts' Euro 863-million average forecast.

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