OPAP

Greece has sold its 33 percent stake in the gambling monopoly OPAP to a Czech-Greek consortium, Emma Delta, in a deal that will bring in 712 million euros ($937.8 million) some 30 million euros ($39.4 million) higher than...

After long delays, Greece has finally managed to sell a 33 percent stake in the state-run gambling monopoly OPAP to private investors, but only after the government forced them to sweeten the deal with a higher offer on the...

The 42-year-old Czech Jiri Smejc, twice married, with two children and a fortune of over $2 billion may be the new owner of the Greek Organization of Football Prognostics OPAP S.A. within the next week. Smejc is a specialist in...

Unhappy with the only bid made for its gambling monopoly OPAP, Greece's privatization agency has given Greek-Czech fund Emma Delta more time to raise its stakes,   two officials directly involved in the sale talks told Reuters. "They asked for and...

Greece's lagging privatization effort hit another bump when its biggest money-maker, the gambling monopoly OPAP, received only one bidder with an offer so low the government has asked for it to be bumped up. Only the Greek-Czech investment fund Emma...

Being pushed by international lenders to push the pace of privatization, Greece is offering one of its biggest prizes first, the money-making gambling monopoly OPAP,  but the operation drew only two bidders for a 33 percent stake, the news...

With Greece's privatization plans lagging - and set back again when the head of the agency overseeing it stepped aside in a burgeoning scandal involving the nation's electric company - the government is hoping that bids for its money-making...

Searching frantically for cash everywhere, Greece has allowed its gambling agency OPAP - which is set to be sold to private interests - to create a tax-free threshold for small winnings, hoping to increase revenues without driving away customers,...

U.S. hedge fund Baupost Group has acquired a 5.2% stake in Greece's state-owned gambling monopoly OPAP SA (OPAP.AT), the Greek company said Tuesday, ahead of the planned privatization of the gaming provider. OPAP said in a regulatory filing that Baupost...

Just as Greece is peddling much of its share to potential investors in the national gambling agency OPAP to try to raise critical revenues, the European Union's highest court said the operation is an unlawful monopoly. The case was...