Rating agency Moody's commented on Monday that the sale by Intralot of a 16.5 percent in lottery company Ellinika Lachia to main stakeholder OPAP is a credit positive for Intralot, and that the price of 20 million euros will go a long way toward improving its liquidity, which to date was seen as "weak," according to the agency.
OPAP, Europe's fourth-largest betting firm by revenue, on Wednesday posted a 43.5 percent rise in first-quarter net profit thanks to cost savings and a growing video lottery business.
Net profit in the January-to-March period stood at 57.2 million euros, up from 39.8 million euros in the same period last year, OPAP said.
An 87-year-old man was found hanged on his fourth floor balcony today just two months after winning approximately 900,000 euros in a lottery.
The octogenarian decided to commit suicide after a winning lottery ticket in a 20 March draw was stolen by his second wife of 20 years, who also proceeded to initiate eviction procedures against him.