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Opap Bidders Challenge Sale Process

Thursday March 28, 2013 : TWO OPAP BIDDERS CHALLENGE SALE PROCESS
 
Not objective or transparent
 
The process of the Greek Government's sale of its 33 percent stake (estimated to be worth around Euro 660 million) in betting monopoly OPAP is being  challenged by suitors Emma Delta and the Gauselmann-Playtech consortium according to Reuters news agency.
Both bidders have reportedly written independently of each other to OPAP and the HRADF, the Greek privatisation agency handling the sale, expressing their dissatisfaction on a process they say is not objective nor transparent and have indicated that they will consider legal action if necessary.
 
The issue surrounding OPAP is a contentious one as readers will recall the Greek Government flying in the face of the European Commission with its recent plan to extend OPAP's monopoly to include online products  and the Remote Gaming Association (RGA) subsequently challenging the proposal.
 
Emma Delta, which is backed by Greek shipping tycoon George Melisanidis and Czech investor Jiri Smejc, said in an excerpt from the letter published by Reuters, "Our company certainly reserves any and all of its rights to use any legal possible means, including the possibility of submission of indictments and notices for the investigation of possible punitive acts".
 
Reuters said the letters which were dated earlier this month include complaints on OPAP's decision to renew an IT services contract with Greek firm Intralot, who is also a bidder for the Government’s 33 percent stake.  They called on both OPAP and the HRADF not to approve the contested contract.
 
The Gauselmann-Playtech consortium said the contract for the provision and maintenance of a new central hardware and software system would involve OPAP paying more than it had stated and the buyer of the government's stake should have a say in it.
 
Emma Delta has taken issue with the legality of companies linked to Intralot, given its history as a provider, participating in the OPAP privatisation process.
 
"OPAP, which is the target company, 'gives a bonus' to the technical provider by a new agreement and reinforces the financial and cash liquidity of the group and the related group companies, giving in such a way an advantage in the competition process," the letter said.
 
Intralot defended its position saying the IT services agreement was based on an international tender and was won without any complaint for the transparency of the process at the time.  It intimated the complaint from bidders currently involved with the privatisation process  "may serve other motives".
 
An OPAP shareholder meeting scheduled Tuesday to vote on the IT services contract was postponed to allow the HRADF board of director’s additional time to study the meeting's agenda.  The meeting is now expected to be held on April 6, 2013.

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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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