Update: Greek Lottery Privatization Attracts Three Big Bidders

The next stage imminent

This week, the Hellenic Republic Asset Development Fund announced the completion of the first stage of the tender for the concession of a licence to operate and manage the Greek State Lotteries.

It has confirmed that it has received three Expressions of Interest from well-established lottery operators:

* Osterreichische Lotterien Gesellschaft m.b.H (Austrian Lotteries)

* Consortium of Sisal S.p.A - Damcoenergys.A - Damlota.E, with Sisal S.p.a. as lead member

* Consortium of OPAP Investment Limited - Lottomatica Giochi e Partecipazioni S.r.L - Intralot Lotteries Limited - Scientific Games Global Gaming S.ar.L with OPAP as lead member.

Which one of these reputable companies/consortiums will get the honor reach the second state of the tender for a 12-year exclusive licence to operate and manage the Greek State Lotteries, which comprise the National Lottery, the Popular Lottery, the European Lottery, the Instant State Lottery (Scratch & Win), the Housing State Lottery and management of the New Year's Lottery, will be decided by HRADF, after its evaluation of the Expressions of Interest and the shortlist of the selected candidates fulfilling the criteria set during the first stage of the process.

According to Costas Mitropoulos, CEO of the Hellenic Republic Asset Development Fund, 'The results of the first stage of the process for the Lottery Privatization are very encouraging. Despite the highly uncertain economic environment, high quality international bidders with proven technical and operational expertise in the gaming sector have expressed their interest. The fact that three bidders have expressed their interest is a sign of competition within the process.'

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