Nugget: OPAP to get ~50% stake in VLT market

According to Reuters:

“Thursday, Greece resubmitted the bill and proposed that OPAP, one of its most valuable assets which is slated for privatisation by the end of the year, will get a licence for 16,500 gaming machines out of a total of 35,000 to be awarded across the country.

“Allowing the operation of gaming machines carries complex and delicate problems,” said the amended document. “For this reason a gradual deregulation method has been chosen.”

OPAP holds the sports betting and lotteries monopoly in the country until 2020, producing annual revenues of about 5.5 billion euros. According to the amended bill, the firm is entitled to get a licence for the VLTs as part of its monopoly.”

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