Thursday October 23, 2014 Search
Weather | Athens
22o C
16o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
OPAP to offer 40 mln euros or more for Greek horse race betting license

Greece's OPAP, one of Europe's biggest betting firms, has teamed up with a British fund manager to bid for the country's horse race betting licence, days after the privatisation agency scrapped a previous tender.

Greece is selling a 20-year licence to take wagers on horse races as part of a privatisation plan agreed with Athens' international lenders, the European Union and the International Monetary Fund, under a 240 billion euro (190.36 billion pound) bailout.

Privatization agency HRADF scrapped the tender this week, saying an improved offer from sole bidder Intralot was not satisfactory and the tender would be relaunched immediately.

OPAP said in a bourse filing its joint bid with Global Family Partners would be no less than 40 million euros ($52.7 million), well above the 5.2 million initially offered by Intralot. The amount of Intralot's improved offer was not disclosed by HDRAF.

OPAP, which was privatised last year, holds a monopoly in lotteries and sports betting in the crisis-hit country through about 5,000 outlets. It posted a 50 percent rise in first-half core profit on Wednesday.

The tender is expected to be concluded by the end of September, an HDRAF official told Reuters on condition of anonymity. The license is evaluated at 15 million euros.

Horse race betting is currently run by a group called ODIE, which had a net loss of 23.4 million euros in 2012.

Greece has repeatedly missed its privatisation targets due to a lack of investors' appetite and regulatory snags. It wants to raise 22 billion euros from selloffs by 2020 and aims at 1.5 billion from state divestments this year, down from an initial 3.6 billion euro target.

[Reuters]

ekathimerini.com , Friday August 29, 2014 (14:14)  
TBEX brings together 800 travel bloggers in Athens
Athens weighs its LNG and CNG options
Greece ranks among global leaders in tourism growth
Global oil price drop sends local fuel prices back to 2010 levels
Cyprus seeks EU response over Turkey´s EEZ violation
Cyprus is to raise the issue of Turkey’s violation of its exclusive economic zone (EEZ) at Thursday’s European Council meeting after Turkish Prime Minister Ahmet Davutoglu raised the specter...
Thirteen indicted for inmate torture
Thirteen correctional officers and their former warden will stand trial in Serres, northern Greece, over the death of Albanian inmate Ilie Kareli on March 27 at Nigrita Prison. Kareli was tr...
Inside News
SOCCER
Roberto´s heroics make Kasami´s goal count
Pajtim Kasami’s goal and Roberto’s heroics in goal saw Olympiakos claim one of the biggest wins in its history on Wednesday downing Italian champion Juventus 1-0 to boost its chances of reac...
SOCCER
Third-division Iroditos punished heavily after fan death
Greek third division team Irodotos has been docked 15 points and ordered to play 10 matches behind closed doors following the death of an Ethnikos Piraeus supporter, the Hellenic Football Fe...
Inside Sports
COMMENTARY
Careful what you wish for
Everyone is in a rush to become prime minister in this country, as if they have not learned a single thing from its political history. While still in opposition, PASOK’s George Papandreou ma...
EDITORIAL
Taking care of our key industry
It’s time to face facts: Tourism is the country’s heavy industry. The sector’s considerable contribution has served as a stabilizing factor for the local economy, essentially placing the cou...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. TBEX brings together 800 travel bloggers in Athens
2. Roberto´s heroics make Kasami´s goal count
3. Athens weighs its LNG and CNG options
4. Greece ranks among global leaders in tourism growth
5. Global oil price drop sends local fuel prices back to 2010 levels
6. Buy big house, become a citizen
more news
Today
This Week
1. TBEX brings together 800 travel bloggers in Athens
2. At least 11 banks to fail European stress tests, three in Greece, report says
3. Cyprus to block Turkey's EU talks after EEZ violation
4. EU’s Juncker wins Commission-team approval with investment vow
5. Juncker’s EU commission team set for parliamentary green light
6. Taprantzis resigns from privatization agency TAIPED
Today
This Week
1. Coalition shooting itself in the foot
2. Istanbul skyscraper casts shadow over Greece's banking ambitions
3. Greece’s closed society is central to its current malaise
4. Greece must stick to reforms, says Schaeuble
5. The past, present and future of the Greek debt crisis
6. At least 11 banks to fail European stress tests, three in Greece, report says
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.