Bidding War Emerges Involving Brightstar and OPAP for Greek State Lotteries Contract
Brightstar and OPAP in the Running for Greek State Lotteries Tender
Two major companies, Brightstar and OPAP, have expressed their interest in the tender for the control of the Greek State Lotteries. The tender, launched on June 23, 2023, is a significant opportunity for companies like these.
The tender covers the exclusive rights to produce, manage, operate, and promote various Greek State Lotteries. The lottery offerings included in the tender are the National Lottery, the Special Social National Lottery, the State Housing Lottery, the Instant State Lottery, the Popular Lottery, and the Extraordinary or Special Lottery drawn by the European Association of State Lotteries.
The deadline for expressions of interest was July 23, 2023, and both Brightstar (the new brand of the IGT lottery business) and OPAP (a subsidiary of Allwyn and the current licence holder) have submitted their bids.
Currently, Greece's national investment fund, GrowthFund, is evaluating these expressions of interest to determine if they meet the pre-qualification criteria. Those that qualify will be invited to participate in the next phase, which involves submitting binding offers.
It's worth noting that Intralot, another contender in previous tenders, is notably absent from this round. The successful bidder would be responsible for the Greek State Lotteries for a significant period, with the concession lasting at least 10 years.
This news marks an exciting development in the Greek lottery industry, with two prominent companies vying for the opportunity to shape its future. The evaluation process is ongoing, and the next phase of the tender is eagerly anticipated.
[1] Source: [Link to the official tender announcement] [2] Source: [Link to the news article about the tender launch] [3] Source: [Link to the news article about the deadline for expressions of interest]
- The finance sector is keenly watching the ongoing evaluation of expressions of interest for the Greek State Lotteries tender, as companies such as Brightstar (a subsidiary of IGT) and OPAP (a subsidiary of Allwyn) bid to shape the future of the Greek lottery industry, potentially influencing gambling trends in casino-and-gambling sectors.
- The fintech landscape could see significant changes with the successful bidder of the Greek State Lotteries tender, as the winner will be controlling, managing, and promoting various types of lotteries (including the National Lottery, Special Social National Lottery, and Instant State Lottery) for a period of at least 10 years.
