GTECH wins OPAP vide­olotto con­tract

Financial Mirror (Cyprus) - - FRONT PAGE -

Gam­ing gi­ant OPAP has awarded its picked vide­olotto ter­mi­nals con­tract to Ital­ian lot­tery op­er­a­tor GTECH, in time to launch and op­er­ate 16,500 ter­mi­nals by the end of next year and sub-con­tract an­other 18,500 to other oper­a­tors by the end of 2016.

OPAP, which was pri­va­tised last year and has about 5,000 out­lets in Greece and Cyprus, said GTECH was one of the four bid­ders for the deal.

With gross rev­enues of 1 bln eu­ros from lotteries and sports bet­ting last year, the move is a first step for the com­pany to ex­pand into vide­olotto, a new area of ac­tiv­ity that is ex­pected to ac­count for about half of gross rev­enues by 2017, as well as cre­ate thou­sands of jobs and earn additional tax rev­enues for the state.

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