Calamos Supports Greece

OPAP

OPAP Stake Sale Drives Up Value

The value of Greece's gambling agency, OPAP, has shot up fast in the wake of accelerated privatization plans that foresee the sale of the government's plan to sell a 33 percent stake. That came as Greece's international lenders are...

Stournaras Fears Unrest Could Undo Reforms

With international aid beginning to pour in gradually, Greek Finance Minister Yiannis Stournaras said he’s worried that growing political and social unrest could undermine Greece’s slow recovery and even lead to bankruptcy unless the government resists. In an interview with...

Greece Wants Higher Bid for Lottery

TAIPED, the Greek agency helping oversee privatization of state assets, has rejected a bid for the country's lottery, one of the first expected to bring in sizeable revenues to help reduce the country's staggering debt. Greece did not accept the...

Eight Investors Betting on OPAP

Eight potential investors, including a Chinese conglomerate and private equity funds, have expressed interest in buying a major stake in Greek gambling monopoly OPAP, the country's privatization agency HRADF said. Among the firms responding to a Nov. 9 deadline to...

Fearing Cuts, 45 Bank of Greece Execs Quit

With their pay set to be deeply cut, 45 veteran workers at the Bank of Greece have resigned en masse, illustrating the deep division in the country as the Parliament was set to vote on a $17.45 billion spending...

Greece Prepares Second Wave of Privatizations

Greece plans to launch tenders to sell or lease a string of state assets, including its biggest refiner and two largest ports, as it battles to pay down debt and meet the terms of an international bailout. The deals will...

EU OKs Greek Plan to Extend OPAP Exclusive Rights

The European Commission has authorised Greece, under EU state aid rules, to prolong until 2030 exclusive rights granted to OPAP, the Greek public gambling operator, to operate 13 games of chance, and to grant an exclusive licence to the...

EU Ok’s OPAP Monopoly, But It’s Sold

The European Commission has ruled that the Greek agency responsible for gambling, OPAP, a state monopoly, can keep that position until 2030 - but the decision came after the government said it would sell its interest as part of...

Greece Will Sell 33% of OPAP Gambling

Greece on Sept. 27 launched the sell-off of one-third of its stake in OPAP, the sports betting and gambling business it operates. The country's privatization board is handling it, authorities said. The sell of shares is part of a broader...

Turkish Businessman Eyes Greek OPAP

The Turkish Dogan Holding is interested in joining in the purchase of shares in Greece’s sports gambling agency OPAP, which is going on the block as part of a privatization drive by the cash-strapped Greek government. Turkish businessman and Dogan...