YOU ARE HERE |
  • NEWS

New VLTs License for OPAP

Agreement for the Granting of a New VLTs License for OPAP and Extension of the Duration for the existing Concession Agreement

The Board of Directors of OPAP S.A. during the meetingof 29 September 2011, have accepted the Hellenic Republic’s proposal regarding the granting ofa license for the operation of 35,000 VLTs, for a total consideration of €560 million.

Furthermore, the Chairman and Chief Executive Officerof OPAP S.A. Mr. Yannis Spanoudakis and the Chief Executive Officer of theHellenic Republic Asset Development Fund Mr. Costas Mitropoulos, will initialthe addendum which extends the duration of the existing Concession Agreementfor 10 years, i.e. from the year 2020 to the year 2030, for a totalconsideration of €375 million and 5% on gross gaming revenue during the extension.

Both transactions are subject to the approval of theGeneral Assembly of OPAP S.A. The extension of the duration of the existing ConcessionAgreement is subject to the approval of the Board of Directors of the HellenicRepublic Asset Development Fund, as well as of the Court of Auditors. From thetotal consideration, an amount of €849 million shall be paid upon obtaining theapprovals.

OPAP S.A.’s announcementto the Athens Stock Exchange contains more information about the transactions.

We use Cookies on this website to analyze and improve its functionality. You can select your cookies’ preferences when entering our website by either selecting "Accept all", or select which cookies you prefer by "Cookie Settings", or reject the use of the non-necessary cookies by selecting "Reject all". For more information on the use of Cookies in our website you can read our Cookies Policy. You can change your consent options at any time just by tapping the privacy tab at the bottom of the page.
Accept All Cookie Settings Reject All