Greece’s OPAP to revive plans for video lotto after new gaming rules

2 November 2016
699 Views

OPAP will revive plans to launch a video lottery terminals (VLTs) business, Europe’s third largest betting firm said on Wednesday, after Greece’s gaming commission approved new rules.

OPAP had planned to launch video lottery machines last year but halted the project after Greece introduced tougher betting rules.
The company, which has paid some 500 million euros for the licenses, has said it was ready to launch the business once regulations governing it were amended.

“As a result of the new rules…the board decided that all conditions are appropriate, allowing OPAP to restart its planning for the operation of VLTs in Greece,” OPAP said in a bourse filing.

OPAP has taken a case against the Greek state to the London Court of International Arbitration, claiming damages of more than 1 billion euros caused by its freezing of the plan.

The company will adjust the size of its legal claims against the state as part of the legal proceedings, it said.
Source: Reuters

You may be interested

Man arrested in Piraeus with 37 ancient coins from the classical and Roman era
GREECE
shares10 views
GREECE
shares10 views

Man arrested in Piraeus with 37 ancient coins from the classical and Roman era

Panos - Jan 28, 2021

A man was arrested at the port of Piraeus for possessing illicitly gained ancient coins of the classical and Roman…

Geothermal energy, the forgotten renewable, has finally arrived
WORLD
shares11 views
WORLD
shares11 views

Geothermal energy, the forgotten renewable, has finally arrived

Panos - Jan 28, 2021

Jason Czapla is walking across a former lake bed in the middle of southern California. The ground simmers at our…

237-million-year-old ancient reptile discovered
WORLD
shares12 views
WORLD
shares12 views

237-million-year-old ancient reptile discovered

Panos - Jan 28, 2021

In Madagascar, researchers discovered a previously unknown species of ancient reptile named Kongonaphon kely. It’s part of the ancient animal…

Leave a Comment

Your email address will not be published.