Greek gambling group OPAP has announced that CEO Jan Karas has taken on the additional role as chairman with immediate effect. Karas officially became the group’s chairman yesterday (1 October). He will serve in the role and lead the OPAP board alongside his current position as CEO. Karas replaces Kamil Ziegler who has stepped down
Greek gambling neighborhood OPAP has presented that CEO Jan Karas has taken on the further feature as chairman with instantaneous discontinue.
Karas formally grew to became the neighborhood’s chairman the day old to this (1 October). He will support within the feature and lead the OPAP board alongside his most modern pickle as CEO.
Karas replaces Kamil Ziegler who has stepped down as chair for private reasons. Ziegler, on the opposite hand, will stay an executive member of the OPAP board of directors.
The appointment comes on the lend a hand of a advice of the OPAP remuneration and nomination committee.
Karas to lead 11-member OPAP board
As chair, Karas will lead the OPAP board, which now comprises 11 individuals. One other alternate to the board has seen Cherrie Mae Chiomento-Ferreria, an self reliant non-executive member, became vice-chair.
Diversified board individuals consist of Pavel Šaroch, a non-executive member who’s additionally serving as vice-chairman. OPAP CFO Pavel Mucha is an executive member alongside mature chairman Ziegler.
Robert Chvátal, Katarina Kohlmayer and Igor Rusek are non-executive individuals. As smartly as, Nicole Conrad-Forker, Theodore Panagos and Georgios Mantakas are serving on the board as self reliant non-executive individuals.
On-line on line casino drives revenue allege at OPAP in H1
The board changes reach trusty a few short weeks after OPAP printed its H1 financial outcomes. These revealed a 5.6% yr-on-yr lengthen in noxious gaming revenue, driven by allege within the discover on line casino segment.
Neighborhood revenue for the six months to 30 June amounted to €1.08bn (£900.2m/$1.19bn). Right here is forward of the €1.03bn reported in H1 of final yr.
Lottery and making a bet were again the well-known sources of revenue for OPAP at €373.1m and €350.1m, respectively. Nevertheless, it used to be online on line casino where the neighborhood witnessed basically the most allege.
Income from online on line casino increased 24.2% yr-on-yr to €140.3m. OPAP said this used to be attributable to increased participant engagement, with penetration of games at file ranges. In total, online on line casino accounted for 13% of H1 revenue.
Bottom-line discover revenue of €237m, a upward push of three.6% yr-on-yr. Nevertheless, EBITDA slipped 0.2% to €373.7m.
Source: iGamingBusiness
