Intralot Contract Renewed, Says OPAP

In light of its preparations for the sale of the Greek State's 33 percent stake in the business, Greek betting monopoly OPAP has granted a three-year IT services contract renewal to Intralot. The deal is subject to shareholders' approval, which is expected to be granted at a meeting at the end of the month, certainly before Intralot's existing contract with OPAP expires in July 2013. Potential investors have been assured by OPAP "that the firm will continue to operate smoothly after July 30, 2013." Based on its market capitalization on March 4, the state's share in OPAP is valued at almost Euro 700 million.