TAIPED lands lot­tery gains

Kathimerini English - - Front Page -

fund (TAIPED) ex­pects by Fri­day to have signed the con­tract con­ced­ing the op­er­a­tion of state lot­ter­ies for the next 12 years to the OPAP-led con­sor­tium, as the deal will fall through if the con­tract is not signed by June 30. That would re­sult in an im­me­di­ate loss of rev­enues to­tal­ing 190 mil­lion eu­ros, which is the lump sum the win­ning bid­der is set to pay. ‘I be­lieve we are in the process of com­plet­ing the trans­ac­tion for state lot­ter­ies, and af­ter the ap­proval by the Au­dit Coun­cil the deal with OPAP will be com­pleted,’ TAIPED board mem­ber An­dreas Taprantzis told Par­lia­ment’s Fi­nan­cial Af­fairs Com­mit­tee yes­ter­day. The Au­dit Coun­cil ap­proved the trans­ac­tion on May 2 but the con­tract has not yet been signed, due to Lot­tomat­ica’s de­ci­sion to re­duce its stake in the OPAP-led con­sor­tium.

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