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OPAP

Hellenic Federation of Enterprises: Those Who Invested in Greece are Being "Punished"

The breach of contracts and failure to protect those who believed and invested in Greece is causing enormous damage to a country with deficient reliability, highlights the Hellenic Federation of Enterprises in its weekly bulletin about the Greek economy. The sudden imposition of...

Wine Prices Go Up in Greece After New Excise Duty

Greek citizens will be asked to pay more to enjoy wine after the new excise duty added on wine. The measure is taken to counterbalance the scrapping of the 23 percent VAT rate on private education that was initially...

Greek Gov't to Raise Fee on Lottery Games in Place of 23% VAT Rate on Private Education

The Greek government will replace revenue from scrapped plans to impose 23% VAT on private education by raising a fee on lottery games operated by OPAP, according to an agreement reached between Greek authorities and the country’s creditors on...

VideoLottery Terminals to Bring OPAP €1 Billion Per Year

OPAP gaming company anticipates net profits between 800 million and 1 billion euros per year from its VideoLottery Terminals (VLTs) once they start operating. The gaming company will operate 35,000 VLT terminals in Greece after obtaining a license in 2011...

Greek Gaming Company Planning 660 Video Lottery Terminals

Greek gaming company OPAP is moving forward with the plan to create a “Play” gaming hall network in order to host its new game machines, known as Video Lottery Terminals or VLTs. According to company officials more than 4,000...

OPAP's Privatization 'Not a Done Deal' SYRIZA Leader Claims

The privatization of OPAP, the former state betting agency, "is not a done event," main opposition Radical Left Coalition (SYRIZA) leader Alexis Tsipras warned on Friday in Athens. "For us, the national crime of privatizing OPAP, especially under the scandalous...

Athens Stock Exchange Recording Losses of 7.35% During Third Consecutive Day of Fall

New dramatic free fall recorded the Athens Stock Exchange (ASE), which sank to a new year low, amid the worsening climate in the markets due to political uncertainty, while the Greek 10-year bond recorded a worrying increase over 9%. The...

OPAP: €40 Million Offer for Horse Race Betting License

The Greek Organization of Football Prognostics (OPAP) will bid for the country’s horse race betting license, after teaming up with a British fund manager, just days after the Hellenic Republic Asset Development Fund (HRADF) rejected the sole offer in...

Greek Betting Firm Damaged by Retroactive Taxes

Greek Organization of Football Prognostics OPAP, the country's official betting firm, announced on Monday that during the second quarter of the year it would suffer damages of 21.6 million euros (28.5 million dollars) because of retroactive taxes. OPAP said that the tax which is...

Illegal Gambling Yields 6 Billion Euros Turnover

According to estimates, the illegal gambling market turnover reached 5.5 to 6 billion euros in 2013, while at the same period legitimate gambling businesses showed a considerable decrease in revenues. The president of Greece’s Gaming Commission, Evgenios Giannakopoulos, who briefed the...