With three expressions of interest from high quality bidders, the Greek Lottery privatisation tender has proceeded to the next stage.
The first stage of the tender for the concession of a licence to operate and manage the state lotteries was successfully completed on Tuesday.
The Hellenic Republic Asset Development Fund (HRADF), the newly established entity with responsibility for managing Greece's privatisation programme, has confirmed that three expressions of interest have been received from high quality, international lottery operators, including Austrian Lotteries, Consortium of SISAL and Consortium of OPAP Investment.
The tender, launched on November 1, relates to the award of a 12-year exclusive licence to operate and manage the state lotteries, which comprise the National Lottery, the Popular Lottery, the European Lottery, the Instant State Lottery (Scratch & Win), the Housing State Lottery and management of the New Year's Lottery.
Commenting on the announcement, Costas Mitropoulos, CEO of the HRADF, said: "The results of the first stage of the process for the lottery privatisation are very encouraging. Despite the highly uncertain economic environment, high quality international bidders with proven technical and operational expertise in the gaming sector have expressed their interest. The fact that three bidders have expressed their interest is a sign of competition within the process."
Following the evaluation of the expressions of interest and the shortlist of the selected candidates fulfilling the criteria set during the first stage of the process, the HRADF will issue them with the tender documents of the second stage.
