The bidding process for the non-exclusive right to conduct horse races and for the exclusive right to conduct mutual horserace betting in Greece for 20 years has been concluded.
OPAP Investments Ltd, a 100% subsidiary of OPAP SA was proclaimed the preferred successful bidder in September 2014, after submitting the highest bid of € 40,501,000 in the relevant process conducted by HRADF.
The Concession Agreement between HRADF and Horse Races SA, a special purpose company established by OPAP Investments Ltd was signed on the 24th of April 2015, was ratified by the Greek Parliament on the 23rd of October 2015 (N. 4338/2015) and entered into force on the 8th of January 2016. The first races held by the new Concessionaire took place on the 22nd of January 2016.
At the same time, Horse Races SA leased the racecourse and other facilities at Markopoulo from ODIE SA, for a period of 20 years and for a monthly lease of € 210.833.
ODIE SA, which was previously the holder of the exclusive right to conduct horse races and conduct mutual horserace betting in Greece entered into liquidation on the 21st of December 2015, pursuant to Article 13 par. 7 (f) of Law No. 4111/2013 and following the provisions of Law No. 4338/2015.
- Ιnvitation to submit an Offer for the grant of an exclusive right to organize and conduct mutual betting on horse races in Greece (2014.08.29)
- Hellenic Republic Asset Development Fund will re-launch the tender for the Mutual Horsebetting License (2014.08.27)
- Invitation for submission of proposals to act as independent valuator to the HRADF in relation to the granting of the horse racing betting concession (2014.07.09)
- Invitation to submit a proposal for an independent valuation of the total annual rent for the lease of ODIE's real estate property at Markopoulo area and of certain ODIE's movable assets (2014.05.26)
- Invitation to submit a proposal to act as independent valuator to HRADF - ODIE (2013.05.17)
- Press Release: Strong investors’ interest for the grant of an exclusive right to organize and conduct mutual betting on horse races (2013.04.26)
- ODIE: Deadline Extension for Expression of Interest submission (2013.04.10)
- ODIE: Clarifications & Answers (2013.04.08)
- Amendment to the Invitation to submit an Expression of Interest dated March 1, 2013 for the grant of an exclusive right to organize and conduct mutual betting on horse races in Greece for a period of twenty years (2013.04.08)
- Press Release: HRADF launches the privatization process for Horse Race Betting Organization - ODIE (2013.03.01)
- Summary: Expression of Interest - ODIE (2013.02.27)
- Invitation to submit an expression of interest for the grant of an exclusive right to organize and conduct mutual betting on horse races in Greece for a period of twenty years (2013.03.01)