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Scientific Games Corp Consortium Selected For The Greek State Lotteries' Concession


Wednesday, 12 Dec 2012 10:34am EST 

Intralot Integrated Lottery Systems and Services SA announced that the Consortium for the acquisition of the 12-year concession for the exclusive rights to the production, operation, circulation, promotion and management of the Hellenic Lotteries in Greece, was selected as successful bidder for the concession. The above decision of the Hellenic Republic Assets Development Fund is subject to various regulatory approvals, including parliamentary approval. The Consortium is comprised of companies controlled by OPAP SA (Greek Organisation Of Football Prognostics SA), Lottomatica Group, Scientific Games and Intralot. The Consortium, after internal deliberations, offered an upfront payment of EUR 190 million which was accepted by the Fund. In addition, the Consortium guarantees a minimum of EUR 580 million additional payments over the life of the 12 year concession period. Lottomatica decided to exercise its pre-existing option to dilute to one share and transferred its remaining interests to OPAP. 

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30 Jul 2014