• Most Popular
  • Most Shared

Greece's OPAP says not eyeing stake in Spanish Codere

Wed Oct 1, 2008 3:29am EDT

Stocks

   

ATHENS, Oct 1 (Reuters) - Greece's betting monopoly OPAP (OPAr.AT) has dismissed reports it is eyeing stakes in Spanish gaming peer Codere (CDRE.MC) and compatriot gaming systems provider Intralot (INLr.AT).

A Spanish newspaper said on Monday the Martinez Sampedro family was mulling selling its 71 percent stake in Spanish casino and gaming group Codere and that OPAP was among the parties that could be interested.

On Tuesday, a Greek newspaper reported OPAP was considering the possibility of teaming up with Intralot or even acquiring the Greek provider.

"Greek and foreign media reports on (OPAP's) intention to buy part of Codere and Intralot or the entire firms are not based on substantial information," OPAP said in a bourse filing.

Europe's biggest betting firm said it was holding exploratory talks with a number of world lotteries, sports betting operators and lottery systems providers on opportunities for foreign expansion.

OPAP has the exclusive rights to offer sports bets and lotteries in Greece until 2020. (Reporting by Angeliki Koutantou; Editing by Daniel Flynn)



More from Reuters

Photo

Democrats gain 60th vote on health bill

WASHINGTON (Reuters) - Senate Democrats reached a compromise on Saturday with the last holdout senator that secured the 60 votes they need to pass a broad healthcare overhaul sought by President Barack Obama.

» More Top News
A woman shops at a Sam's Club store, a division of Wal-Mart Stores, in Bentonville, Arkansas June 4, 2009. REUTERS/Jessica Rinaldi

The food-stamp economy

On the last day of every month, shoppers at Walmart load their carts with food and household items and wait for the midnight hour. Is this the new normal in America?  Full Article 

U.S.
Two men shake hands in a file photo. REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article 

Global Deals Review