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OPAP Asked to Up Price For Gambling Monopoly

12/11/2012 : OPAP ASKED TO UP THE ANTE FOR NEW MONOPOLY
 
But online gambling operators slam the idea as "a disgrace'.
 
According to Reuters news agency reports, the Greek privatisation agency HRADF wants the domestic gambling monopoly OPAP - the only bidder - to up its purchase offer for a 12-year exclusive licence that will extend to online activity.
 
OPAP tabled a binding offer with its gaming technology partners Intralot, Lottomatica and Scientific Games on Monday this week.
 
"The new financial offer will be evaluated by HRADF's board of directors at its next meeting on Wednesday," it said on Monday.
 
However, international online gambling groups have labelled the plan 'a disgrace', with Sportingbet plc vociferous in its condemnation, but indicating that it will continue to operate in the Greek market for now. The company is currently the subject of an acquisition initiative by William Hill plc and GVC plc.
 
24 online gambling firms have signed interim licences to operate in Greece, but following the monopoly deal with OPAP will presumably have to exit the Greek market.
 
OPAP already enjoys a monopoly on offline betting, but the Greek finance ministry is now proposing to end the interim licensing initiative and extend OPAP’s monopoly to include online sports betting and other gambling products, with a licence valid until 2020.
 
Sportingbet is understood to have 50,000 active Greek players who are expected to provide Euro 20 to Euro 25 million in revenues in 2013, and earnings of between Euro 3 million and Euro 4 million, reports the Financial Times.
 
A statement from Sportingbet noted: “It is scandalous that the Greek ministry of finance is planning to award OPAP an extension of its monopoly. What is particularly galling is the fact OPAP’s incumbent hand has been strengthened as the monopoly now covers not only the offline arena but also the e-gaming space as well.
 
“This is a disgrace and the Greek government should be ashamed with how this has been allowed to happen.”
 
OPAP's monopoly is also under challenge in the European Court of Justice.
 
Betfair, a major online gambling company revealed last month that it was withdrawing from Greece, whilst William Hill has also indicated that it will exit the Greek market in the wake of the government's intentions.
 
The Remote Gaming Association, a trade body that represents many of Europe's top online gambling firms, commented:
 
“There can be no justification for extending OPAP’s monopoly to cover nearly every aspect of online gambling. We have urged the Greek government to reconsider and have called on the European Commission to take action if it does not, because this move is a blatant breach of EU process and EU law.”



Gambling News :

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

NY Rangers vs. Devils on 12/21 - When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.

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