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Monday | September 28 | 2020

OPAP gaming company acquired a 51% stake in Stoiximan

OPAP acquired a 51% stake in the Stoiximan group for a net price of 90.2 million euros, plus €3 million in corresponding net cash flow.

After this, OPAP’s total stake in the Stoiximan group (SMGC), active in Greece and Cyprus, is at 69%, in addition to the holding of 36.75% in the activity of the Stoiximan group outside Greece and Cyprus, Betano.

OPAP is the leading gaming company in Greece.

The company, founded in 1958 as the country’s national lottery and listed in the Athens Exchange in 2001, is the exclusive licensed operator of all numerical lotteries (7 games), sports betting (4 games) and horse racing.

It also operates exclusively, as a controlling shareholder (67%) through a joint venture, the passive lotteries and instant (scratch) games in Greece.

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