Intralot

The government and especially the PM are waiting with obvious interest in what today will bring, if you put in the time difference, probably be Wednesday morning, the PM has some events to attend but mostly he will remain in his office watching like everyone else. No predictions maybe a slight sense that the pollsters in the last few days have overblown Trump’s numbers.

The Greek stock market had its best session in a “deep” month today (23/9). After a sluggish start, buyers turned active with banks spearheading the rally, which gained more than +2%. In this way, the X.A. broke out of the “bottleneck” of 1,420-1,430 points, in which it had been “trapped”.

Athens-listed lottery and sports betting company Intralot signed an agreement for the issue of a new bond loan agreement of up to 100 million euros and duration to June 30, 2025, it said on Thursday.

The Greek Horse Racing Organization (ODIE) is putting up for an auction the one-square-kilometer plot at Markopoulo in Attica that hosts the Olympic Equestrian Center and the national racecourse, at a starting price of 30.14 million euros.

The Intralot Group on Thursday announced it has entered a lock-up agreement with an ad hoc group of noteholders, holding in excess of 75% of the 250 million euros senior unsecured notes due 2021, pursuant to which the parties agree to support the balance sheet optimization transactions.

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.

Intralot announced on Wednesday the signing of a new contract with the District of Columbia Lottery (DC Lottery) in the US.

Gambling giant OPAP announced on Tuesday that its 100 percent subsidiary OPAP Investment Limited has signed a memorandum of understanding with Intralot for the acquisition of the latter's stake in lottery company Ellinika Lachia, amounting to 511,500 shares or 16.5 percent of the share capital, for 20 million euros.

Both Intracom Holdings and Intralot on Thursday refuted talk about a merger of the two companies.

The government may be rejoicing in the increase in spending on research and development, but the message from abroad points to the sluggish performance of Greek businesses in the R&D sector.