OPAP is announcing a three year agreement with INTRALOT starting 31st July 2007.
The above agreement includes the enrichment of the STIHIMA game with new betting features, the provision of upgraded services of its operational support, the provision of upgraded risk management software as well as the option of multiple selections by the players in a single coupon.
Furthermore, OPAP is taking over the computer centers operational use, acquires for use the source code of all software of its existing and future games, as well as the property rights to use the new games software to be developed.
INTRALOT undertakes the obligation to upgrade OPAP`s central computer systems in hardware and software. This is significantly going to contribute to the reinforcement of the operational capabilities of the company, as well as the development of new added value services such as the creation of a players club, the utility bill payments, carrying out promotional activities, ticket sales etc.
Additionally OPAP obtains the right to use 29.400 terminals (agency terminals of the latest technology, terminals for independent use by the players inside the agencies as well as self ticket checkers). The contract ensures the constant and continuous transfer of know how, the training of its personnel in the operation and management of its system, as well as the increase of the maintenance and support working hours according to the needs of the company (in case of LIVE BETTING operations until midnight).
Furthermore, it guarantees OPAP's rights concerning the development of new games, the satellite terminal connection and the relocation if required of the whole main IT center at no extra cost.
The total fee for the use of the equipment and the software, the provision of support services for the STIHIMA game and the transfer of know how for the development of software for the three year duration of the agreement, is Euros 96.5 million (plus VAT whenever applied).
Finally this agreement additionally regulates the terms and cost for the provision by INTRALOT of maintenance, technical and operational services for all the equipment (with OPAP's right to extend for an additional year), and defines the intention rights for both parties concerning the transfer of all infrastructure to OPAP S.A.