Update: OPAP Privatization Tender Goes Down to Single Bidder

The next stage of the international tender process organized by the Hellenic Republic Asset Development Fund (HRADF) for the privatization of Greece's national lotteries has now begun. Initially, there were three successful candidates bidding for the concession that would give them the exclusive right to operate and manage the Hellenic Republic's State Lotteries for 12 years. Those were Österreichische Lotterien Gesellschaft m.b.H, a consortium of Sisal S.p.A., Damco Energy S.A. and Damlot S.A. and a consortium of OPAP Investment Limited, Lottomatica Giochi e Partecipazioni S.r.l., Intralot Lotteries Limited and Scientific Games Global Gaming S.à.r.l. From the three, there is only one bidder left, which HRADF said met the deadline of November 30, 2012 at 17.00 (Athens time) for submission of technical files and documentation. It's the consortium of OPAP Investment Limited, Lottomatica Giochi e Partecipazioni Srl, Intralot Lotteries Limited and Scientific Games Global Gaming S.à.r.l. which is now entitled to submit a binding financial offer to HRADF's Board of Directors at its meeting on December 10, 2012.