OPAP has become the exclusive provider of gambling services in Cyprus
The financial terms of the deal involve the distribution of license payments over a 15-year period, with the initial installment of 4.2 million euros already made. Subsequent payments are scheduled for January 31st of each following year.
Additionally, OPAP is committed to paying taxes amounting to 22.5% of the gross profits from gaming activities and contributing 5% towards the funding of sports and social initiatives in Cyprus.
For the year 2023, OPAP reported record revenues of 2.08 billion euros, reflecting the high efficiency of the agreement and significant contributions to the company's development. The exclusive rights to conduct gambling games offer OPAP new opportunities for growth.
Sorokin David
2024.07.04
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