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Lottomatica Invests in OPAP Bid WInner
Friday May 10,2013 : LOTTOMATICA OPTED OUT OF OPAP BID BUT INVESTS IN WINNING BIDDER (Update)
Italian lotto giant takes a minority stake in Emma Delta
The giant lottery and gaming giant Gruppo Lottomatica SpA, which earlier in the bidding process backed out of acquiring Greece's OPAP gambling monopoly, has confirmed that it has purchased a minority stake in Emma Delta, the sole surviving bidder that won the tender for the Greek government's 33 percent stake in the company.
In July last year OPAP selected Rome-based Lottomatica to provide it with technological support for its expansion into online betting. It went on to enter a bid for the privatising OPAP, allying itself with Scientific Games, only to withdraw before the sale process was complete.
Emma Delta, a consortium controlled by Czech investor Jiri Smejc along with George Melisanidis, scion of a Greek shipping family, ended up the sole bidder for the deal.
After some haggling over price, Emma Delta has agreed to pay the Greek state Euro 652 million in instalments for the rights to operate 13 games of chance on an exclusive basis until 2030 in addition to a ten-year authorisation for the running of the nation’s 35,000 video lottery terminals.
“As an industrial partner, Lottomatica Group expects to provide expertise in the areas of technology, operations, and the launch of new products,” read a statement from Lottomatica to its shareholders this week.
The announcement was made as part of the Italian firm’s annual shareholders meeting, which also saw it receive approvals to change its name to GTech SpA from June 3.
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Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
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The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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