Business News

The consortium of OPAP, Intralot, Scientific Games and Lottomatica has won the right to operate the Hellenic Lotteries in Greece for the next 12-years after bidding to make an up front payment of €190m for the concession.

The consortium submitted the €190m bid after its initial bid was rejected by the Hellenic Republic Asset Development Fund (HRADF) on Monday.

The increased bid won the support of the Council of Experts and the board of directors of HRADF, but led Italian gaming giant Lottomatica to exercise its option to dilute its participation in the consortium to just one share and transfer the balance of its interest to OPAP.

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