Casino News: Greek government has secured Euro 300 million loan

Greek government has secured Euro 300 million loan

 November 24, 2011, 8:44 am (6 years ago)
On Tuesday, CEO of OPAP, Europe's biggest betting company said that Greek government has secured a loan of up to Euro 300 million for business expansion. This month, debt-free company requires the loan after spending approximately Euro 475 million, for acquiring an exclusive license of videolotto from Greece government, as revealed from the reports of news agency Reuters. At the starting of December, this will give additional Euro 375 million for renewing its betting monopoly to 10years to maximum 2030.

CEO Yannis Spanoudakis stated that they have finalized an unsecured facility of Euro 300 million with the Greek banks. Since foreign lenders are unwilling to lend Greek companies because of the economic crisis au Euro zone, so the banks, which are leading are National Bank of Greece, Emporiki Bank, Hellenic Postbank and EFG Eurobank. CEO further stated that OPAP still had been considering increasing the money in foreign markets, for getting higher security, although at very high cost.
AddThis Feed Button Bookmark and Share

  Related News
Jun-22-2006 Countdown To The WSOP, Part Eight: 2005 – Harrah's Takes Over
Jul-23-2006 Experts: Last arrest of BetOnSports CEO won't hurt online casinos
Sep-10-2008 New Neteller & BORN
Aug-24-2008 BODOG layoff around 150 employees
Jan-24-2011 Win a Seat at Grand Slam of Slots Final Tournament
 Comments (0)    Back to Top
Verification (Enter the text in the image above)
Name
Automatic Translation
Extra extra read all about it, join our newsletter and receive updated online casinos news, useful tips and top bonuses to your email absolutely free!
Email:
Privacy Policy |  Terms of Use |  Gamblers Anonymous
Copyright © 2009 Online Casino Extra