GREEK LOTTERY TENDER ENTERS SECOND PHASE

03/14/2012 :   Six prominent gambling companies in the running for 12-year concession
 
The Hellenic Republic Asset Development Fund (HRADF) has moved into the second phase of the international tender process in the privatisation of Greece's national lottery.
 
HRADF has qualified all three initial bidders who submitted an expression of interest.  Candidates are now required to submit binding financial offers for the grant of a concession for the exclusive right to operate and manage the State Lottery for a 12-year period.
 
Successful candidates moving forward to the next phase comprise;
 
1.   Österreichische Lotterien Gesellschaft m.b.H,
2.   A consortium of Sisal S.p.A., Damco Energy S.A. and Damlot S.A.
3.   A consortium of OPAP Investment Limited, Lottomatica Giochi e Partecipazioni S.r.l., Intralot Lotteries Limited and Scientific Games Global Gaming S.à.r.l.
 
Costas Mitropoulos, chief executive officer of HRADF said: “It is encouraging that six leading gaming players are participating in the tender for the State Lotteries. The competition will work to the benefit of the Hellenic Republic. This tender will revive the State Lotteries and bring additional revenues to the Hellenic Republic as a result of activity’s development. The international tender will continue speedily and with absolute commitment to the strictest transparency and fairness principles.”