Playtech - Gauselmann Team Opted Out Of Greek Gambling Bid

PLAYTECH - GAUSELMANN TEAM OPTED OUT OF GREEK GAMBLING BID

19th April, 2013 at 04:10:21
Source: http://www.azonlinecasinos.com

Conspicuous absence of partnership in announcement of final two bids for OPAP

Yesterday's announcement of two final bidders for the Greek gambling monopoly OPAP see previous report) has triggered comment on the absence of the Playtech-Gauselmann consortium, which had indicated interest in the earlier stages.

The Greek government has put its 33% stake in the Euro 2.2 billion monopoly up for sale as part of its privatisation drive to raise funds for the cash-strapped and debt-burdened economy.

HRADF, the Greek privatisation body, yesterday named Emma Delta and US investment fund Third Point as the final bidders in the process, and committed itself to unsealing the bids and announcing the winner at its next meeting.

Bedevilled by high taxation proposals, a slew of court cases and European Commission compliance problems. OPAP has proved less attractive to the investment and gambling business market than the Greek government would perhaps have liked.

Related News Tags: ,



« News index »



PLAYTECH'S BGT SPORTS EXTENDS BOYLESPORTS DEAL

28th March, 2017 at 19:47:54
Four-year agreement includes installation of additional 325 terminals

MARVEL GAMES TO DISAPPEAR FROM PLAYTECH OPERATOR SITES AT THE END OF MARCH

25th March, 2017 at 08:38:18
Many popular slot titles affected...but replacements are ready to go.

ONCE RATIONAL GROUP IS PAID OFF, WILL AMAYA BE LOOKING FOR ACQUISITIONS?

24th March, 2017 at 16:47:40
$4.9 billion consideration agreed for Rational Group in 2014 is due for final payment this year...but what then for Amaya?

LAND CASINO INVESTOR BUYS MOBILE APP COMPANY

20th March, 2017 at 07:18:24
Is Amax planning on expanding its land asset?

PLAYTECH FOUNDER SELLS 4 PERCENT SHARE

15th March, 2017 at 16:08:44
Further sales subject to a lock-up agreement until end May 2017.