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Greek gambling monopoly breaks apart

Greek gambling monopoly breaks apart

Greece has put an end to the gambling monopoly Opap as their government has signed an agreement to sell 33% of it to Greek-Czeck investment fund, Emma Delta, owned and controlled by businessmen Jiri Smejc and George Melisanidis.

The price of this negotiaion was agreed for 652 million euros of which, according to state privatisation agency HRDAF, 622 million will be paid in one lump sum by October and the remaining 30 million will be paid in 10 annual payments.  

Opap, Greece's most lucrative gambling company has the monopoly on sports betting until 2020.

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