By G�sli Eyland
The purpose of this and future articles is to identify and open up a discussion on current special situations in sports and wellness industries. Special situations in this case are defined as (1) events that affect stakeholder incentives or (2) events that lead to resource conversions (as defined by Whitman), such as bankruptcies, changes in control, spin-offs, recapitalisations etc. In this article we discuss catalysts that affect the equities of The Greek Organization of Football Prognostics (OPAP).
The Greek Organization of Football Prognostics (OPAP)
OPAP (GOFPY.PK) is the exclusive operator of sports betting and numerical lottery games in Greece, with a license agreement that is due to expire in 2020. With a market cap of about ?4.1 billion, OPAP is Europe's biggest gambling company with 51% of the equity floated freely, 15% held by management and the remaining 34% held by the Greek government. OPAP shares trade
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