Virtual sports, mobile games and video lottery provider Inspired Gaming has partnered with Greek betting operator OPAP on the launch of 3,960 video lottery terminals (VLTs).
OPAP has an exclusive 10-year license to operate up to 35,000 VLTs in Greece, 16,500 of which can be operated through its own network while the remaining 18,500 will be subcontracted via 4–10 sub-concessions.
“OPAP is one of Europe’s largest and most established operators and we are proud to be selected as one of their VLT suppliers, following a competitive tender process,” said Inspired Gaming founder and CEO Luke Alvarez. “We will be launching a significant number of Inspired VLTs in the coming months and we look forward to many years of on-going success in Greece with OPAP.”
The agreement followed OPAP’s agreement with Scientific Games to supply 5,000 VLT machines.
Investment Group KKCG increases OPAP stake
Meanwhile, Czech investment group KKCG has boosted its stake in OPAP to 15% by increasing its shareholding in Czech investment fund Emma Delta, which acquired the Greek government’s 33% stake in OPAP in 2013.
KKCG is now the largest single shareholder in Emma Delta after acquiring an additional 22.35% stake in the consortium this week, doubling its previous stake.
The deal further strengthens KKCG founder Karel Komarek’s portfolio of gambling investments, as he plans to diversify his business through the gaming sector.