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E.U.: Greek public gambling operator receives exclusive extension

By  |  October 3, 2012

The European Commission has authorized 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 license to the same operator to operate 35,000 Video Lottery Terminals (VLT) until 2022. The Commission concluded that OPAP will pay an adequate fee in exchange of the exclusive rights and VLT license and therefore received no undue economic advantage. Under the arrangements notified by Greece to the Commission, OPAP will benefit from the prolongation of its exclusive right to operate 13 games of chance by 10 years ending in 2030, and the grant of an exclusive VLT Licence to operate 35,000 Video Lottery Terminals for 10 years until 2022.

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