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Compliance Updates

OPAP Freezes the Roll-out of VLTs in Greece

Published

6 years ago

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OPAP Freezes the Roll-out of VLTs in Greece
Photo Source: greekreporter.com
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OPAP, the leading gambling company in Greece, has frozen the roll-out of video-lottery terminals in Greece until the country settles a “procedural” regulatory issue.

OPAP currently operates 20,091 video-lottery machines and have to add an additional 4900 by the end of 2019 to complete the installation of a total of 25,000 machines under an exclusivity agreement with Greece.

The company said that they had decided to put the plan on hold after a Greek court annulled a previous decision by the Greek gambling commission which set out the regulations for the machines.

OPAP’s Chief Executive Officer Damian Cope said the ruling was “purely procedural” as it seemed that the regulation should have been originally issued through a presidential decree. He said he was confident that the issue would be resolved.

“At the moment, we are continuing all of the necessary activities related to the planning of our roll-out. Our intention is to complete the roll out by the end of the year and as soon as we get a clarification that we want, then we’ll be up again.” Cope said.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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