OPAP, the Greek gaming group given the exclusive right to introduce video lottery terminals to the country, has described the project as “no longer economically viable.”
In its latest financial report, the company stated that the introduction of new VLT regulations by the Hellenic Gaming Commission only a few days before the scheduled launch of the machines resulted in the suspension of OPAP’s VLT business activity.
These new regulations, it said, contain “unprecedented restrictions” that “defy international best practices of responsible gaming.” These “render the project no longer economically viable and contain technical requirements that made timely implementation impossible,” it added.
However, OPAP moved to assure its investors and partners that it remains “absolutely focused” on its investment and will continue to work towards a “reasonable and balanced regulatory framework.”
