12/03/2012 : GREEK LOTTERIES TENDER DOWN TO ONE (Update)
 
One consortium submits technical requirements by deadline
 
The Hellenic Republic Asset Development Fund  has moved into the next phase of the international tender process in the privatisation of Greece's national lotteries.
 
The initial three successful candidates were named as Österreichische Lotterien Gesellschaft m.b.H,  a consortium of Sisal S.p.A., Damco Energy S.A. and Damlot S.A. and 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. who were bidding for the grant of a concession for the exclusive right to operate and manage the Hellenic Republic's State Lotteries for a 12-year period.
 
HRADF has whittled down these three to just one, who they say met the deadline of November 30, 2012 at 17.00 (Athens time) for submission of technical files and documentation.
 
The consortium of OPAP Investment Limited, Lottomatica Giochi e Partecipazioni Srl, Intralot Lotteries Limited and Scientific Games Global Gaming S.à.r.l. now has the right to submit a binding financial offer to HRADF's Board of Directors at its meeting on December 10, 2012.