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OPAP

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...

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...

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...

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...

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...

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...

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...

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...

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...

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’...