ECONOMY

Intralot is pipped to the post by GTech

intralot-is-pipped-to-the-post-by-gtech

Athens-listed firm Intralot has lost the contract to provide technological support for betting on horse races in Greece. Sources say that OPAP, which has won the operating license for horse race betting, has come to an agreement with Italy’s GTech, which will undertake the project from February.

The Italian company will not be paid on a monthly basis as was the case to date, but according to a revenue-sharing model, according to the takings of Ippodromies SA, the OPAP subsidiary that will officially take over Greek horse racing as of January 8. Racing and betting will begin in February.

OPAP has suffered a one-month delay in receiving the racing course as the government had neglected to transfer the civil servants that the former racing operating company (ODIE) used to employ.