Ladies and gentlemen, thank you for standing by. I am Geli, your current call operator. Welcome, and thank you for joining the OPAP S.A. conference call and live webcast question and answer session to discuss the second quarter 2022 financial results. Please note a video presentation has been distributed and is also available on the OPAP investor relations website. All participants will be in listen-only mode, and the conference is being recorded. At this time, I would like to turn the conference over to Mr. Jan Karas, CEO of OPAP S.A. Mr. Karas, you may now proceed. Thank you very much. Good evening or good morning to everyone, and welcome to our regular Q2 2022 results conference call. I'm happy to share with you another set of solid results for OPAP on the back of our retail estate being fully operational throughout 2022, and resilient demand alongside a strong online contribution. Despite weaker general consumer sentiment and inflationary pressures, we are glad seeing gaming being resilient versus the Greek retail market and specifically leisure activity. Hopefully you have reviewed and enjoyed the results recorded video we shared with you earlier today, so we will jump directly to your questions in our Q&A session. Geli, over to you. Thank you. Ladies and gentlemen, at this time, we will begin the question-and-answer session. Anyone who wishes to ask a question may press star followed by one on their telephone. If you wish to remove yourself from the question queue, then you may press star and two. Please use your handset when asking your question for better quality. Anyone who has a question may press star and one at this time. One moment for the first question, please. The first question is from the line of Stamatios Draziotis with Eurobank Equities. Please go ahead. Hello there, and thank you for taking my question, my questions. Firstly, one on your retail operations, which have retraced closer to 2019 levels. You went from -13% in Q4 to -11% in Q1 and -9% in Q2. Just wondering what you've been seeing during the summer, has the situation improved further? Are we moving towards a mid-single digit decline? Secondly, if you could just update us on the stage of the sale of the minority interest in Betano. Are we still on track for you know the wrapping up of the transaction in Q3? Lastly, just wondering where we stand in terms of some initiatives aimed at further enriching your product offering, for example, online Kino. Thank you. Thank you very much for your question. We'll take it one by one. Starting with the retail performance trends. Indeed, your observations are correct. In comparison to 2019, the performance has been improving. Summer so far, especially August, has been quite strong and encouraging, given the circumstances and situation. We should not forget, though, that we were quite lucky in this recent period with the Joker jackpot being very high. That obviously impacted not only this vertical, but also other games due to increased visitation in our stores. Generally, we see a positive recovery continuing, and that is something that is well counterbalancing the generally challenging macro front. Overall, especially in comparison to some other retail businesses and especially in comparison to some other forms of entertainment, we are happy to see once again our business being more resilient than others. On the second one, Pavel will comment, the Betano. Good afternoon from me. The stage of sales of Betano, basically as we announced in April, the closing of the transaction is dependent on receipt of all regulatory approvals on one hand. Second condition is corporate separation of the Betano business from the Greek and Cypriot business. Both of them are in hands of authorities or regulators. The second one, we filed all the documents for the merger at the end of August. By corporate law in Malta, the merger must be completed by the end of November. That takes us to a closing potentially in Q4, providing we indeed get all the regulatory approvals. Our expectation is to close the transaction if things go well with these authorities in Q4, not in Q3. On the third question about the extension of our online offering on the lottery side, indeed, we certainly remain both interested as well as committed to expand our iLottery propositions. We expect that already next year, these should have tangible impacts in our numbers. Until then, number of technical, legal, regulatory, and very important commercial processes have to be completed. We will obviously keep you posted on an evolution in our portfolio as we always do. Okay. That's great. Thank you so much. You're welcome. Thank you for your question. The next question is from the line of Nestoras Katsios with Optima Bank. Please go ahead. Mr. Katsios, can you hear us? Mr. Katsios, I'm sorry we cannot hear you. I will disconnect your line and please register for a question again. Thank you. As a reminder, if you would like to ask a question, please press star and one on your telephone. The next question is from the line of Osman Memisoglu with Ambrosia Capital. Please go ahead. Hello, many thanks for your time and the presentation. Just coming back to the guidance in the video presentation, the EUR 700 million for EBITDA. Are you able to provide us with the revenue expectation? Also, what are the assumptions broadly? Are you expecting a slowdown in Q4? Specifically for Q3 and more for betting, which had slowed down also on base effect. Are you seeing anything different this quarter because of some leagues starting earlier? Any color would be appreciated. Thank you. Okay. In terms of the GGR, it's obviously revised downwards, in line with the slight reduction which we have on the EBITDA. We thought that's the most important KPI for you. Basically, the revision is if you take the mid of the range, which we provided between EUR 700 and EUR 740, the reduction in EBITDA is some 4%. If you take it from the lower range, which we indicated in last call, it's like -2.8%. The reduction in revenues will be corresponding percentage, perhaps a bit higher. It's a bit difficult to forecast exactly, because we have World Cup upcoming. It has typically very high payout in terms of the betting. We assume that our revenues should end up around EUR 2 billion mark, possibly slightly positive plus from the EUR 2 billion mark. In terms of the assumptions for the revenue and the EBITDA guidance, unfortunately, we haven't seen really the improvement in the macro assumptions as was our indication or key assumption in our update in Q1. Quite the opposite, the macro remains challenging with very high inflation impacting the player behavior, although it's more resilient than the rest of the leisure industry. On the other hand, we do not assume a really worsening of the situation in Q4. Specifically your question about betting and the revenues from betting. Obviously, I mentioned we have the World Cup coming at the end of the year, which typically has higher payout. On the other hand, we have recently tried to really change our strategy in terms of the odds, and bringing bigger playability to the players. With all of that, those are the key assumptions really which led us to the reduction of the EBITDA guidance to the level of around EUR 700 million. Can I follow up, if you don't mind? On a sequential basis from Q2 to Q3, you're expecting VLTs to pick up, if I'm not mistaken. On betting specifically, should we expect an improvement quarter-over-quarter? If I may comment, we certainly expect improvement and that primarily driven on the back of what Pavel has mentioned, the two things. Listening to our customers, we have significantly improved the competitiveness of odds in retail. So that makes the proposition much more attractive in comparison to online compared to the previous period. That is certainly something that should attract both existing customers to play more and move some of their spend from online to retail, because majority of them are hybrid customers, as well as attract new customers to retail that are possibly today playing only in online. That should have a positive impact. It is certainly our expectation that boosted and combined with the usually positive effect of World Cup should lead into further growth of this vertical. Great. Thank you. You're welcome. Thank you very much. The next question is from the line of Nestoras Katsios with Optima Bank. Please go ahead. Yes, hello from my side. I was wondering if you had anything to say, but since you top up the interim dividend to higher than last year, and there is no right now towards this month to be paid. Is it safe to assume that your final dividend will be greater than last year? Thank you. Yes. Basically our dividend policy to distribute as a minimum all net profits and to be at the floor of minimum EUR 1 total dividend that remains to be in place. We have distributed higher interim dividend really to provide the cash earlier cash returns to our shareholders. I don't want at this stage, we have still several months to go. I don't want to speculate on the amount of dividend. This is subject to board decision much later and also depending on the year result. I really don't want to speculate that we would be paying higher dividend than last year. What remains is our commitment to pay at least EUR 1 total dividend. Okay, thanks. Once again, to register for a question, please press star and one on your telephone. As a final reminder to register for a question, please press star and one on your telephone. Ladies and gentlemen, there are no further questions at this time. I will now turn the conference over to Mr. Karas for any closing comments. Thank you. Thank you very much. Thank you all for being with us today. We look forward to talking to you again in November for our Q3 2022 results. Thank you very much and have a great day. Ladies and gentlemen, the conference is now concluded and you may disconnect your telephone. Thank you for calling and have a good evening. Thank you, Geli.