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The Greek lottery operator OPAP S.A., subsidiary OPAP Investment Ltd, is going to buy 51 per cent of Stoiximan Group’s Greek and Cypriot operations under GML Interactive. The deal is worth Euro 94.86 million plus net cash in hand on the closing date.
“Stoiximan Group generated revenues of Euros 136 million and EBITDA of c. Euros 16 million in 2017. Revenues increased further in the first 11 months of 2018 (+30 per cent y-o-y), demonstrating significant growth across all jurisdictions, while the active customers’ base has also climbed by 29 per cent vs. 2017,” – OPAP press statement.
“Stoiximan’s strategy remains focused on strengthening its position in the domestic market and intensifying its technology orientation, while at the same time actively pursuing further expansion.”
Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: OPAP to become major stakeholder in GML Interactive