Greece
Archaeology
New Lighting Scheme Completed at Temple of Hephaestus and Philopappos Monument
The redesigned lighting for all the major Athenian monuments is now complete, with the new lighting for the temple of Hephaestus and the monument to Philopappos shown for the first time on Tuesday evening in the Greek capital.
The lighting...
Business
OPAP Plans to Extend Betting Licence to Offset Video Lottery Machine Cuts
Greek betting agency OPAP, said the adverse impact from a draft government bill limiting the number of video lottery machines allowed to operate in the country, will be offset by a plan to extend its betting licence.
"The revised terms...
Business
Government to Slash OPAP's Video Lottery Terminals
Greek authorities are looking for a way to cut the number of video lottery terminals (VLTs) that gaming privatised monopoly OPAP operates in the country.
The Finance Ministry has tabled a bill seeking to slash the number of VLTs to...
Greece
OPAP VLT Business Will be Fully Installed by Mid 2018, CEO Says
OPAP, the fourth largest betting firm in Greece announced on Thursday that next year the company will conclude the roll-out of its new business of video lottery terminals (VLTs).
The announcement came during a press conference where the Chief Executive...
Crime
Another OPAP Betting Outlet Robbed at Gunpoint
Another OPAP outlet has been the victim of an armed robbery. The crime occurred on Monday night at an OPAP betting outlet in the northern Athens suburb of Metamorfosi where a masked gunman held up the store manager at...
Cyprus
Cypriot Woman is the Single Winner of OPAP's €16.4m Joker
The winnings of the €16.4 million OPAP lottery, Joker, have been claimed by a Cypriot women, sources have reported.
The winnings are the highest ever collected by a single winner and she reportedly won by guessing the 5+1 numbers correctly...
Business
New Regulations by the Hellenic Gaming Commission Helps OPAP Restart Plans for VLTs in Greece
On Wednesday OPAP SA announced that following the introduction of a new VLTs regulation by the Hellenic Gaming Commission, the company's Board of Directors has decided that all of the appropriate conditions are now in place to allow OPAP...
Business
Greek Betting Firm OPAP Asks High Court to Cancel New Gambling Levy
Greek betting firm OPAP has filed a petition with the Council of State to annul and suspend a new tax on its games, which became effective this year, the company said in a statement.
Greece's Finance Ministry announced a decision last year...
Business
VideoLottery Terminals to Bring OPAP €1 Billion Per Year
OPAP gaming company anticipates net profits between 800 million and 1 billion euros per year from its VideoLottery Terminals (VLTs) once they start operating.
The gaming company will operate 35,000 VLT terminals in Greece after obtaining a license in 2011...
Economy
OPAP's Privatization 'Not a Done Deal' SYRIZA Leader Claims
The privatization of OPAP, the former state betting agency, "is not a done event," main opposition Radical Left Coalition (SYRIZA) leader Alexis Tsipras warned on Friday in Athens.
"For us, the national crime of privatizing OPAP, especially under the scandalous...
Economy
OPAP: €40 Million Offer for Horse Race Betting License
The Greek Organization of Football Prognostics (OPAP) will bid for the country’s horse race betting license, after teaming up with a British fund manager, just days after the Hellenic Republic Asset Development Fund (HRADF) rejected the sole offer in...
Business
Greek Betting Company OPAP Offers Voluntary Redundancy Program
Greece’s betting company is offering a voluntary redundancy program to its 900 employees. Last year a majority stake in OPAP was sold to Czech-Greek fund Emma Delta, marking the country's first major privatization, as indicated by the Troika of...
Economy
Mont Parnes Accuses Greek Goverment of Favoring OPAP
Mont Parnes Casino in Parnitha, near Athens, has filed a complaint to the European Commission, accusing the Greek Government of favoring the OPAP gaming company by legalizing smoking at OPAP betting shops with video lottery terminals (VLTS)
Mont Parnes Casino...
Business
FT: "Greece’s privatization of OPAP faces investigation"
An Athens prosecutor is investigating Greece’s biggest privatization deal to date, regarding the sale of OPAP to a group of Czech, Russian, Slovak and Greek investors. OPAP was the State’s gambling monopoly and the country’s biggest sports sponsor.
These are...
Economy
The 33% Stake of OPAP to Emma Delta
The Hellenic Republic Asset Development Fund (TAIPED) transferred today, after having secured all necessary approvals, a 33% stake in OPAP to the Emma Delta fund. The Emma Delta had clinched a deal with the Hellenic Republic Development Fund S.A...