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Opap Files 1 Billion damages claim against Greek Government
Sunday, November 29, 2015 : OPAP FILES EURO 1 BILLION CLAIM AGAINST GREEK GOVERNMENT.
“Violates shareholders’ and agents’ rights.”
The Greek Government’s introduction of new lottery regulations, which effectively halt the further rollout of video lottery terminal’s (VLT), was met with an aggressive response from domestic gaming monopoly OPAP who filed a Euro 1 Billion damages claim against the Government this week.
The new lottery industry regulations from the Hellenic Gaming Commission go against a contract for the concession of the operating license of 35000 VLTs, OPAP said, and violates shareholders’ and agents’ rights regarding internet betting and the imposition of a Euro 0.05 per bet tax.
Referring to the concession contract written in 2000, OPAP stresses “it maintains the monopoly in the market” highlighting a clause that also says: “it [OPAP} maintains the exclusive right to implement the game in any appropriate fashion.”
Following a written warning to the Finance Ministry of Athens, the complaint was reportedly lodged with the London Court of International Arbitration, this week.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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