Tuesday March 31, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
OPAP-led consortium lands license to run lotteries

The state privatization fund (TAIPED) accepted on Wednesday an improved offer from the OPAP-led consortium for the concession of the license to operate all state lotteries for the next 12 years, but the amended terms are said to have led to the departure of Italian lottery operator Lottomatica from the bidding group.

Reports suggested that the original bid had been for a deposit of 125 million euros for the license, followed by 30 million to be paid to the state in the first year and a minimum of 50 million per year thereafter. TAIPED rejected that offer on Monday and called for an improved bid by Wednesday.

Lottomatica, which held a 33 percent stake in the consortium, had reportedly vetoed a deposit in excess of 150 million euros, while TAIPED asked for 190 million to be paid up front, due to the government’s dire need to show progress in the revenues collected from privatizations.

The state-managed OPAP gaming company, which had held a 34 percent stake in the consortium, is now said to have filled the vacuum left by Lottomatica’s departure, raising its stake to 67 percent, and increased the deposit to 190 million euros. This entails guaranteed revenues for the state of at least 770 million euros by 2024.

ekathimerini.com , Wednesday December 12, 2012 (23:35)  
Greek telecom group Forthnet maintains 2014 revenues stable
Bank stocks post huge losses in Q1
Greek deposit outflows said to slow to 3 bln euros
Greece opposes EU´s sanctions on Russia, Tsipras tells Tass
Trial of suspects in Salamina torture case starts
The trial of four men accused of torturing an Egyptian bakery worker on the island of Salamina in the summer of 2012 is to resume on April 30 after the victim, Waleed Taleb, and several witn...
Turkish seismic vessel leaves Cyprus EEZ
The Turkish research vessel Barbaros, whose presence within Cyprus’s exclusive economic zone (EEZ)prompted Nicosia to suspend peace talks in October, was on Tuesday reported to be sailing of...
Inside News
SOCCER
Cyprus soccer eyes reunion after 60-year divorce
Turkish Cypriot soccer officials on Monday vowed to press ahead with attempts to reunite with the Cyprus Football Association, (CFA), triggering a political storm on the ethnically-split isl...
SOCCER
Three Greek internationals injured in Budapest car crash
Three Greek international soccer players were slightly injured on Monday in a car crash as they travelled by taxi to Budapest airport following Greece's Euro 2016 qualifying goalless draw ag...
Inside Sports
COMMENTARY
Amateur antics or overstepping the mark?
There are 149 plus two reasons why those who have been watching SYRIZA’s progress since its start cannot and never will be able to stomach the leftist party’s coalition with Independent Gree...
EDITORIAL
A pointless debate
Monday’s parliamentary debate between the country’s political leaders left a lot to be desired. There was no information whatsoever about the coalition government’s proposed reforms or the p...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek telecom group Forthnet maintains 2014 revenues stable
2. Bank stocks post huge losses in Q1
3. Trial of suspects in Salamina torture case starts
4. Turkish seismic vessel leaves Cyprus EEZ
5. Mother of Conspiracy convict released, girlfriend remains in custody
6. Greek museums and sites to stay open til 7 p.m.
more news
Today
This Week
1. Amateur antics or overstepping the mark?
2. Parliamentary speaker prompts ND walkout, anger from PASOK, Potami
3. Greece, EU/IMF lenders end round of technical talks without deal
4. A pointless debate
5. Investment guru Mark Mobius rules out Grexit, advises sell-offs
6. Greek government proposes measures worth 3.7 bln
Today
This Week
1. Next Monday is D-Day for state funds
2. Eurogroup unlikely to be held soon to discuss Greek reforms
3. Moscow expects progress from Tsipras visit
4. Some more equal than others
5. Greece to present reforms by Monday, says gov't spokesman [Update]
6. Greece optimistic on deal with euro area next week
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.