OPAP
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
Financial Times: Investors Return to Greece
"As confidence in the eurozone has risen, investors have returned to Greece," says a recent article by Financial Times entitled "Greece: hit or myth." According to the article the Hellenic Telecommunications and Public Power Corporation (PPC) have both returned more...
Economy
Illegal Greek Gambling Profits Exceed Legal Market
Hellenic Gaming Commission Executive President, Evgenios Giannakopoulos, stated that the amount of money gained from illegal gambling in Greece exceeds the amount of money made from the country's legal market. The Greek legal gaming market's profits has shown a...
Economy
Greek Crisis Causes Drop in Gambling
The classic notion that the average Greek likes to gamble in the hopes of winning easy money, has been ruined. As a result of the economic crisis, gambling turnover decreased by 37% over the last five years (2009-2013).
According to...
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...
Economy
Troika Pushes Greece On Privatization
International lenders are asking Greece to increase the pace of privatizing state enterprises to meet fiscal targets and complete unfinished reforms.
The IMF-EU-ECB Troika envoys are visiting Athens to discuss how the government will close a 2.4 billion euro gap...
Economy
Las Vegas Sands Considering Casino in Athens Greece
World's largest casino operator, Las Vegas Sands, is examining the option of operating a casino in Athens, Greece. The company is considering this option after rejecting plans for the creation of a 30-billion-euros mega-resort in Spain.
The head of the Las...
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...
Economy
Emma Delta to Buy OPAP on Friday
The countdown for the completion of the privatization of OPAP has started, and before the Athens' Bourse opens on Friday, Greek-Czech fund Emma Delta will have completed the acquisition of 105 million shares in the gaming company and paid...
Greece
Paris Academic Lambastes Stavridis, Georgiadis
A Byzantinologist as well as first woman to become the Rector of Sorbonne University, Helene Ahrweiler-Glykatzi, had pointed words for some of Greece's political and appointed leaders who she said are not up to their jobs.
Speaking on Spiros Charitatos’...