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OPAP: VLTs license valid for 10 years

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According to a draft bill prepared by the Ministry of Finance, OPAP’s Video Lottery Terminals (VLTs) license will be valid for a 10-year period starting from either 12 months following the publication of the Gaming Committee’s rulebook or from the commercial operation of the first terminal. OPAP will be obliged to commence VLTs operations within 18 months from the aforementioned publication.

According to PIn related news, VLT and on-line players will be obliged to issue personal cards so that restrictions can apply. In other news, OPAP extended for another 3 months the IT contract with the Intralot-led consortium (up until end April 2013).

Piraeus Securitiesa said in a morning report said that the VLTs license onset had to be extended in order to take care for the ongoing delays. The personal card for punters is set to have a negative impact on the level of VLTs’ and online activity but moves towards the right direction as far as justifying the Greek gaming monopoly is concerned.
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