OPAP SA Shares Acquirements and Strong Betting Results Fuel Investor Optimism

OPAP SA, the Greek operator of lottery and sports‑betting games, has drawn significant attention from investors after a series of share‑purchase transactions conducted by Allwyn International AG. The transactions, disclosed under Article 19 of Regulation (EU) No 596/2014, involved the acquisition of a combined 255 917 ordinary shares of OPAP on 23 and 29 December 2025, totaling an outlay of approximately €4.73 million.

On 23 December, Allwyn purchased 120 023 shares at an average price of €18.4839 per share, amounting to €2.22 million. Six days later, on 29 December, the company bought an additional 135 894 shares at €18.5036 per share, a further €2.51 million. The purchase price for the combined holdings, rounded to €18.49 per share, represents a modest premium relative to the closing price of €18.58 on 28 December, indicating a strong investor confidence in OPAP’s future prospects.

Impact on Share Price and Market Capitalisation

The infusion of capital by Allwyn has reinforced OPAP’s market position in the Athens Exchange SA Cash Market. The company’s market capitalisation stands at €6.63 billion, with a price‑to‑earnings ratio of 13.07, comfortably below the sector average for consumer discretionary firms. The recent transactions have contributed to a tightening of the bid‑ask spread and a modest upward momentum in the share price, as reflected in the 52‑week high of €20.92 reached on 12 October and the current price of €18.58.

Robust Betting Revenues

Complementing the share‑purchase activity, OPAP reported that its “Pame Stihima” division generated more than €20 million in net profits during the week of 23‑29 December 2025. The weekly earnings underscore the resilience of the company’s core betting products, including the popular KINO and PROPO games, and highlight the effectiveness of OPAP’s multi‑channel distribution strategy—spanning electronic transactions, utility bill payments, and mobile betting platforms.

The strong earnings figure is particularly noteworthy given the competitive landscape in Greek gambling, where regulatory changes and increasing digital penetration have heightened the pressure on traditional operators. OPAP’s ability to sustain high profitability suggests that its diversified portfolio of lottery and sports‑betting offerings continues to resonate with a broad customer base.

Strategic Implications

Allwyn’s continued investment signals a long‑term commitment to OPAP’s growth trajectory. The purchases are executed under a transparent regulatory framework, ensuring compliance with European and Greek securities law. For OPAP, the capital injection provides flexibility for future initiatives, such as technology upgrades, product innovation, and potential geographic expansion.

Moreover, the company’s stable earnings profile, coupled with a solid balance sheet and a favorable valuation multiple, positions OPAP as an attractive investment within the consumer discretionary sector. Analysts anticipate that the company’s disciplined cost management and focus on digital expansion will further enhance profitability in the coming years.

Outlook

Looking ahead, OPAP will likely continue to capitalize on the momentum generated by its recent share purchases and robust betting revenues. The firm’s strategic emphasis on digital platforms, coupled with regulatory compliance and a diversified game portfolio, bodes well for sustaining growth and delivering shareholder value. Investors who track OPAP’s performance may find that the company’s recent activities reflect a broader confidence in its long‑term business model and market leadership in Greece’s gambling sector.