What is in force concerning the Lottery in Greece?

Under the privatization program of the Law 3985/2011 “Medium Term Financial Strategy Framework 2012-2015 ‘decision 187/2011 (Official Gazette B 2061/16.09.2011), as applicable, the Interministerial Committee on Restructuring and Privatization and by the October 24, 2011 decision of the board of directors, the company called “Fund for the Development of Private Property of the State SA”, which is owned 100% by the Greek government ,decided to transfer the right to exclusive production, operation, traffic, marketing and overall management of the Greek Lottery.

The transfer of the Right will be made by the Fund for lasing a period of 12 years through a contract granting the License. Any period of leave will begin by the end of the transitional period provided for in licensing agreements. The Special Purpose Company shall have the sole purpose of the exclusive production, operation, traffic, marketing and overall management of the Greek Lottery pursuant to the terms and conditions of licensing agreements, the Greek general legislative and regulatory framework, as well as more specific regulatory framework of the Greek Lottery.