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OPAP Finishes Rollout of 25,000 VLTs in Greece
Greek gaming operator OPAP has completed the installation of 25,000 video lottery terminal (VLT) machines in its home country in December 2019.
The rollout of machines supplied by Inspired and the Synot Group took just under three years, beginning on January 11, 2017, after the European Union in 2015 approved the Greek government’s decision to award OPAP a VLT monopoly.
VLTs were a significant source of revenue for OPAP in the first half of 2019, with revenue rising 56.5% year-on-year from €89.4m to €139.9m. As a result, this boosted its share of group revenue from 12.1% to 17.9%, with OPAP operating 20,035 machines across 365 gaming halls and 1952 of its stores.
OPAP’s original exclusive deal was to introduce 35,000 VLTs, but the Greek parliament later passed an act to reduce this to 25,000.
