Greek gambling crew OPAP has announced that CEO Jan Karas has taken on the extra role as chairman with immediate raise out.
Karas formally grew to change into the crew’s chairman the day outdated to this (1 October). He’ll attend within the role and lead the OPAP board alongside his fresh build as CEO.
Karas replaces Kamil Ziegler who has stepped down as chair for non-public reasons. Ziegler, nonetheless, will remain an govt member of the OPAP board of directors.
The appointment comes on the support of a advice of the OPAP remuneration and nomination committee.
Karas to e book 11-member OPAP board
As chair, Karas will lead the OPAP board, which now comprises 11 contributors. One more swap to the board has seen Cherrie Mae Chiomento-Ferreria, an honest non-govt member, change into vice-chair.
Other board contributors encompass Pavel Šaroch, a non-govt member who’s also serving as vice-chairman. OPAP CFO Pavel Mucha is an govt member alongside frail-chairman Ziegler.
Robert Chvátal, Katarina Kohlmayer and Igor Rusek are non-govt contributors. As well, Nicole Conrad-Forker, Theodore Panagos and Georgios Mantakas are serving on the board as honest non-govt contributors.
On-line on line casino drives income snarl at OPAP in H1
The board adjustments come compatible a couple of immediate weeks after OPAP revealed its H1 financial results. These revealed a 5.6% year-on-year amplify in grievous gaming income, driven by snarl within the on-line on line casino section.
Team income for the six months to 30 June amounted to €1.08bn (£900.2m/$1.19bn). This is sooner than the €1.03bn reported in H1 of closing year.
Lottery and making a wager were but again the predominant sources of income for OPAP at €373.1m and €350.1m, respectively. On the other hand, it became on-line on line casino the build the crew witnessed primarily the most snarl.
Income from on-line on line casino elevated 24.2% year-on-year to €140.3m. OPAP talked about this became on account of elevated participant engagement, with penetration of video games at document stages. In total, on-line on line casino accounted for 13% of H1 income.
Bottom-line win profit of €237m, a upward thrust of three.6% year-on-year. On the other hand, EBITDA slipped 0.2% to €373.7m.
