Intralot Contract Gets Nod from OPAP Shareholders

The latest development in the case of Greek gambling monopoly OPAP’s controversial IT services contract with Intralot is that it has received shareholder approval at an extraordinary general meeting held over the weekend.

In the case which saw two potential suitors of the 33 percent stake sale in OPAP, Emma Delta and a consortium led by Gauselmann and Playtech, threaten with legal action last month should the contract go ahead, and appeal to the Hellenic Republic Asset Development Fund (HRADF) facilitating the sale and OPAP to refrain from formalizing the contract, the HRADF decided to distance itself from the issue.

Namely, in a statement read to shareholders the fund said: "HRADF is not, in any case, in a position to evaluate the terms of the deal. The approval of these terms is an issue for OPAP's management, which has the specific knowledge of the respective technical and economic parameters."

So far it is not known how many shareholders voted in favor of the Intralot deal, but it has been learned that the HRADF cast a blank ballot on the Intralot contract issue.

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