OPAP wins Greek horse racing tender

Greek state gaming and sports betting monopoly OPAP, has won the rights to operator horse racing betting in Greece. The decision to award OPAP was undertaken by the Hellenic Republic Asset Development Fund (HRADF), after it had opened Greek Horse Racing to a competitive tender.

Greek news reports have stated that OPAP, had won the tender by submitting an offer to HRADF of just over €40.5 million (£31.6 million).

HRADF have not disclosed which other gaming operators had been involved in the tender, however it is thought that igaming lottery and sports betting solutions provider Intralot had submitted a bid to the agency.

The OPAP has gained a twenty year horse racing licence to be the national horse racing operator. OPAP have not revealed its strategy for horse racing in Greece. Previous racing operators ODIE, had published a net loss of €20.4 million in its 2012 financial results.