Economy
Signing of concession agreement for Hellenic State Lotteries
The concession agreement for the exclusive right to operate the Hellenic Republic’s State Lotteries for a period of 12 years was signed on 30 July between HRADF and Hellenic Lotteries SA.
Hellenic Lotteries SA is a consortium of OPAP Investment Limited (67%), Intralot Lotteries Limited (16.5%) and Scientific Games Global Gaming S.à.r.l (16.5%).
The concession agreement, which has already been approved by the Court of Auditors, will be submitted to the Greek Parliament for ratification, while it is subject to approval by the Competition Authorities of Greece and Cyprus.
The total value of the financial consideration for the Hellenic Republic includes the upfront fee of €190 million in cash, and a guaranteed minimum income of €580 million (over a 12-year period), namely a total amount of at least €770 million.
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