ECONOMY

OPAP pays slot machine cash

OPAP paid some 474 million euros to the Greek state on Monday for the contract of licensing 35,000 video lottery terminals (VLTs), just a few days after the corporation?s general meeting.

The state gaming company has signed the agreement for the slot machines with the state?s privatization fund and the disbursement of the aforementioned amount offered a much-needed boost to the fund that until last week had only cashed in the 10 percent stake of OTE telecom sold to Deutsche Telekom during the summer.

OPAP is also set to pay another 375 million euros soon for the extension of the company?s domestic monopoly for another 10 years.