Update: Lottomatica Takes Minority Stake in Winning OPAP Bidder

Despite the fact that it has backed out of the bidding process for the acquisition of Greece's gambling monopoly OPAP, the giant lottery and gaming giant Gruppo Lottomatica SpA has purchased a minority stake in the only remaining bidder in the process, Emma Delta, a consortium controlled by Czech investor Jiri Smejc along with George Melisanidis, scion of a Greek shipping family.

The final price Emma Delta has agreed to pay the Greek state is Euro 652 million in installments for the rights to operate 13 games of chance on an exclusive basis until 2030 in addition to a ten-year authorization which will enable it to run 35,000 video lottery terminals in the country.

Regarding Lottomatica's part in this, the group shareholders said: 'As an industrial partner, Lottomatica Group expects to provide expertise in the areas of technology, operations, and the launch of new products.'

They issued this statement at the Italian firm's annual shareholders meeting, where they also decided to approve its name change into GTech SpA as of June 3.

Bingo Society News General Bingo News

Login to post a comment:


Click Here to register a new account

What's going on right now!

2mins ago someone from us flag United States read article Latest Bingo Bonuses Easter Egg Hunt

Bingo Community

Share this page on:
Follow LBB on:
Follow LBB

Join now for full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.

In the last 24h


  • New Members
  • Members Online
  • Guests

eighteen plus only

Follow LBB on Facebook Follow LBB on Twitter Follow LBB on Pinterest Follow LBB on Google plus


Subscribe to our newsletter and get access to tournament codes, the biggest and best exclusive offers, new brand alerts, rogue reports and more!

Enter your email adress:

T&C's Apply. 18+

You have been successfully subscribed to receive LBB newsletter!