AnalysisGREECE


agents around the country and has a 50 per cent share of the gaming market in Greece and Cyprus and currently runs three sports betting games – Stihima, Propo and Propo-Goal which between them account for almost half of the group’s total revenues. It also managed to shut down Stanleybet back in 2008 after the UK company opened two betting shops in Greece and was to be a major competitor to OPAP. The company however has said that it is well placed to exploit the upcoming opportunities ahead within the Greek market under the new laws and is expected to take on VLT and internet gaming licenses although as yet it is unclear what rights these will be under the monopoly system it holds.


Meanwhile the government will also invite private investment in two state lotteries (Ethniko and Laiko) and the state racetrack operator ODIE.


In addition to the privatisation plans the government also drafted the new gaming bill, which will permit online gaming licences and a VLT market. This caused some controversy from casino operators who say this move will damage their business and cause unfair competition.


Part II of this report next month.


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