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Opap Signs Concession Deal

Tuesday July 30,2013 : GREEK LOTTERY CONCESSION DEAL SIGNED (Update)
 
Paves the way for completion of OPAP privatisation deal with Emma Delta
 
The Hellenic Republic Asset Development Fund  has signed an agreement for the exclusive right to operate the Hellenic Republic's State Lotteries for a 12 year period with Hellenic Lotteries SA, a consortium of gambling monopoly OPAP (67 percent), Intralot lotteries Limited (16.5 percent) and Scientific Games Global Gaming S.a.r.l. (16.5 percent); and the only bidder in the process.
 
The controversial deal, a pre-condition to the privatisation sale of OPAP, was initially objected to by the successful bidder of a 33 percent stake in OPAP, the Czech-led private equity consortium Emma Delta, as being contrary to the interests of OPAP.
 
It deemed the 3.3 percent of state lotteries revenues that would go to the two consortium members as being excessive and higher than anywhere else in the world .
 
The deal comprises Euro 190 million in cash, and a guaranteed minimum income of Euro 580 million (over a 12-year period), totaling at least Euro 770 million, the HRADF said Tuesday.
 
Stelios Stavridis, chairman of the HRADF told the Financial Times that signing the lottery concession “sends a signal of our determination to move ahead with the [privatisation] programme, which is going to play a key role in Greece’s economic recovery”.
 
The concession agreement, already approved by the Court of Auditors, will be submitted to the Greek Parliament for ratification, but is still subject to approval by the Competition Authorities of Greece and Cyprus.



Gambling News :

Michael Myers is back in Halloween Slot Machine - Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.

Joe Fortune new Rewards Program - Once you sign up, you’re automatically enrolled in the rewards program – and that’s when the epic journey begins. You’ll start earning Adventure Miles immediately, and can embark on the quest of a lifetime: To get paid to play, which stays true to the rewards program’s slogan, ‘Play More Get More’.

Day 1a MPN Poker Tour Tallinn Main Event - Day 1a brought 106 entries into the €550 Main Event, with nearly as many players turning out for the last €35 super satellite into tomorrow’s Day 1b

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

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