Greek betting group OPAPĪs sales agents are threatening to strike on June 11 and 12, the first two days of the World Cup, their head told Reuters Tuesday.OPAP is a state run monopoly and has 5,000 Greek agents, the only ones entitled to sell its products.
The agents threaten to strike over tax changes and exclusivity rules
The agents threaten to strike over tax changes and exclusivity rules
“We are planning a 48-hour strike during the World Cup,” the head of OPAPĪs agents, Kyriakos Toptsidis, told Reuters.
“But if the two issues have moved forward by June 11, we might decide to call off the strike as a gesture of good will to find a way out,” he added.
“But if the two issues have moved forward by June 11, we might decide to call off the strike as a gesture of good will to find a way out,” he added.
Meanwhile, Morgan Stanley cut its price target on the company to EUR12 from EUR15 on the back of recent tax hikes that highlight government intervention risk, Dow Jones Newswires reports.
Analyst Vaughan Lewis says “given OPAPās high dividend payout ratio, the new tax measures mean its effective tax rate will be nearly 50% for the next three years, and so we cut our EPS forecasts by about 35%.”
The broker reaffirms its underweight rating and sees only limited potential from new games
The broker reaffirms its underweight rating and sees only limited potential from new games
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