TAIPED rejects lottery license bid, asks for new offer

The TAIPED state asset management fund rejected on Monday the sole bid by the OPAP-led consortium for the concession of state lotteries for the next 12 years, and asked the suitor to come up with an improved bid by Wednesday, when the TAIPED board discusses the issue again.

Kathimerini understands that while the consortium, which also includes Lottomatica, Intralot and Scientific Games, offered a deposit of 125 million euros, TAIPED is asking for 190 million to be paid up front. The licensee will also pay 30 million euros in the first year of operation and 50 million euros minimum per year thereafter.

Should a new bid for the license come tomorrow, TAIPED will decide whether to accept it or cancel the project altogether.

Sources say Lottomatica has vetoed a deposit in excess of 150 million euros.

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