OPAP has vowed to challenge a €24.5m [$25.7m] fine imposed on its business for violating the competition terms of Greece and the European Union (EU).
The fine was imposed by the Hellenic Gaming Commission (HGC) siding with a challenge made against OPAP, which deemed that the Athens-listed gambling group had violated rules applied by Greece and the EU on fair competition standards.
Representing smaller Greek gambling entities, the Hellenic Cooperative of Professional Lotteries’ Agents brought forward complaints alleging that OPAP has unfairly instigated non-compete clauses from 2017 to 2022, violating legislation on allowing free market competition.
OPAP was accused of infringing both national law and articles 101 and 102 of the Treaty on the Functioning of the European Union (TFEU) concerning unfair pricing, limiting distribution of equipment, and imposing unfair conditions on transactions.
