OPAP: Online activities are a growth driver
OPAP's management highlights online activities as a key growth driver, with a significant contribution to the company's financial performance amid its transition to the Allwyn brand.
OPAP is transitioning to the Allwyn brand, marking a pivotal moment as the company presented its financial results for the last time under its original name. This change is seen as part of OPAP's strategic growth plan, with management emphasizing the importance of the Athens Stock Exchange for the merged entity. As the company evolves, investors and stakeholders are keenly observing how this rebranding will affect its market presence and operational efficiencies.
In discussing the companyβs performance, OPAP President and CEO Jan Karas focused on the company's online activities, which are increasingly becoming a critical component of its growth strategy. As of 2025, these online activities accounted for an impressive 32% of the company's Gross Gaming Revenue (GGR). The sectors of iLottery and iGaming in particular showcased robust growth, with annual increases of 24% and 17%, respectively, signaling a strong market demand and a successful adaptation to digital trends among consumers.
Additionally, OPAPβs terrestrial business remains solid, with the Video Lottery Terminals (VLTs) showing significant growth both in the fourth quarter and over the year. This improvement is attributed to ongoing upgrades in the gaming machine fleet, enhancing user experience and engagement. The JOKER lottery game also had a remarkable year, reflecting the benefits of improvements made to its structure, thus contributing to OPAPβs overall success as it enters this new era under Allwyn.