The original proposal was to generate in Greece, part of the required financial resources to the legalization of free online slots for fun online gambling and the sale of its stake in the state gambling monopoly OPAP The process of legalization of online gambling took a hit this month when the European Commission (EC) said that the draft is not in line with free online slots for fun EU law. However, instead of the issues raised by the Greeks have decided to continue with its proposal. It is free online slots for fun to be followed soon by the Parliament to go to a financial statement. This means that the EC to bring infringement proceedings and the Greek government before the European Court of Justice. It seems that the Greek government willing to take risks with their scenario. Perhaps the bigger problem is the sale of the 34% majority holding that the government has in OPAP. Earlier this week, the Greek finance minister, Evangelos Venizelos, the online gambling industry observers so that his government was not surprised to sell entire stake in OPAP in the fourth quarter of this year, as promised. He clarified that the government had agreed to sell OPAP, but to generate free online slots for fun revenue from OPAP to reduce the national debt.
The government is currently considering what is the best way to concentrate the revenue. But Venizelos the nail on the head when he told the Greek Parliament, OPAP is not only the value of the shares, but the value of the exercise of their management. It is this control of management that the politicians are not willing to let go.
The state has a 34% market value of around 1170000000th The sale of state participation in OPAP to a strategic investor who would take over the management, is expected to raise at least 1200000000, and the distribution of online gaming licenses could add an additional 500 million. Venizelos said, We have a clear objective 1700000000 gift of privatization by the end of September and at the end of the year 5000000000. If the government does not, the financial rescue package in jeopardy.
One possibility is to raise approximately 400 million to license the OPAP, which is currently expanding in 2020. Another option is an exclusive license for OPAP 35 000 video lottery machines at all give the chaos in the country, as part of gaming deregulation. For its precarious financial situation to solve the Greek government debt obligations to the European Union (EU) and the International Monetary Fund. Under the original proposal of Greece, part of the funds necessary for the legalization of online gambling and the sale of its stake in the state gambling monopoly OPAP generate the process of legalization of online gambling took a hit earlier this month when the European Commission (EC) said that the draft is not in line free online slots for fun with EU law. However, instead of the issues raised by the Greeks have decided to continue with its proposal.
It is to be followed soon by free online slots for fun the Parliament to go to a financial statement. This means that the EC to bring infringement proceedings and the Greek government before the European Court of Justice. It seems that the Greek government willing to take risks with their scenario. Perhaps the bigger problem is the sale of the 34% majority holding that the government has in OPAP. Earlier this week eder Greek finance minister, Evangelos Venizelos, theOnline gambling industry observers so that his government is not surprising to sell entire stake in OPAP in the fourth quarter of this year, as promised.
He clarified that the government had agreed to sell OPAP, but generate revenue from OPAP to reduce the national debt. The government is currently considering what is the best way to concentrate the revenue. But Venizelos the nail on the head when he told the Greek Parliament, OPAP is not only the value of the shares, but the value of the exercise of their management.
It is this control of management that the politicians are not willing to let go.
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