Playtech eyes Greek bookie

British gambling software company Playtech is weighing a bid for the Greek government’s stake in Opap, the country’s lottery machine and sports betting operator. Opap, which has a monopoly in Greece, has been weighed down by the country’s recession but remains profitable. The government has been forced to sell its 34 per cent stake as part of its international bailout agreement and may soon be forced by European law to allow competition into the gambling market. The stake is worth around €500m (£405m). Playtech, which is bidding as part of a conglomerate, is due to sell its stake in William Hill Online.

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