OTE and Intralot to jointly bid for online betting license

Business News

OTE and Intralot confirmed their intention to join forces for bidding for an online betting license.

The Board of Directors of the Company has approved the formation of a new entity with Intralot, which will be majority-controlled by OTE and will apply for an online betting license.

Still, both companies clarified that the final decisions will be taken following the completion of the ongoing process of establishing the relevant regulatory framework, recently submitted to the Greek parliament.

Separately, responding to a query by the stock market watchdog, OTE vehemently rejected reports claiming a potential acquisition of OTE in the share capital of Intralot.