OPAP to acquire a 51% stake in Stoiximan's Greek and Cypriot businesses for $177m.

OPAP, a gaming company, agreed to acquire a 51% stake in Greek and Cypriot businesses of Stoiximan, a provider of mobile and online gambling services, for $177m. “The Greek online market is evolving and is gradually entering a new era, which provides for its fully regulated and supervised operation, following the adoption of relevant legislation a few months ago. In this framework, our strategic investment in Stoiximan Group – along with the development of our own online activities – is a significant move for OPAP, as it secures that we are properly positioned to leverage the opportunities offered by the growing online market," Kamil Ziegler, OPAP Chairman.