Greece Sells State Lotteries, Clears Way for OPAP Sale
Thursday, 01 January 1970
Greece finalized a deal to sell its state lotteries, clearing the way for the privatization of gambling monopoly OPAP, Reuters reported.
Greece will cash in 190 million euro ($251.82 million) from the sale of the lotteries to an OPAP-led consortium and a further 652 million by selling a 33% stake in OPAP to Greek-Czech fund Emma Delta, the news agency said.
The OPAP-led consortium, which includes gaming systems provider Intralotand Scientific Games will run the lotteries for 12 years.