Opap Files Euro 1 Billion Claim Against Greek Government

"Violates shareholders' and agents' rights."

The Greek Government's introduction of new lottery regulations, which effectively halt the further rollout of video lottery terminal's (VLT), was met with an aggressive response from domestic gaming monopoly OPAP who filed a Euro 1 Billion damages claim against the Government this week.
The new lottery industry regulations from the Hellenic Gaming Commission go against a contract for the concession of the operating license of 35000 VLTs, OPAP said, and violates shareholders' and agents' rights regarding internet betting and the imposition of a Euro 0.05 per bet tax.
Referring to the concession contract written in 2000, OPAP stresses "it maintains the monopoly in the market" highlighting a clause that also says: "it [OPAP} maintains the exclusive right to implement the game in any appropriate fashion."
Following a written warning to the Finance Ministry of Athens, the complaint was reportedly lodged with the London Court of International Arbitration, this week.

Online Casino News Courtesy of Infopowa

About the Author... Total Posts Written: 9,462


The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.

See More Posts