Opap, the ATHEX-listed gaming, betting and lottery operator in Greece, on Wednesday announced 527.4 million euros in gross gaming revenue in the first quarter of 2023, up by 15.4 percent compared with the same period of 2022.

EBITDA in the first quarter increased by 16.4 percent, totaling 196.5 million euros, compared to 168.8 million euros in Q1 2022, an increase of 12.7 percent.

Operational expenditures for the same period reached 88.9 million euros, marginally up by 0.4 percent on an annual basis, something that management said comprised a pledge to keep expenses down.

Net profits reached 118.0 million euros, up from 88,3 million euros in Q1 2022, up by 33.6 percent on an annual basis, or up by 25.7 percent compared to the same trimester.

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