Auditor-general says Opap owes state over €50m

Click For Larger Image & Read More
Auditor-general says Opap owes state over €50m
 © CyprusMail 2018
To date, the state’s financial claims against Opap Cyprus Ltd, a subsidiary of the Greek gambling giant, amount to ‘well over’ €50 million, the auditor-general has said.

In its 2016 report on the ministry of finance, the audit office again highlights what it calls a ‘lopsided’ agreement with Opap, the only company allowed to run lottery games on the island.

The deal was signed at a time when Opap belonged to the Greek state – which is no longer the case.

In 2016, the state’s revenues from taxing Opap came to €12.8m, down from €13.3m the previous year.


This article was automatically added to our system 12-2-2018

Auditor-general says Opap owes state over €50m

The contents of this article including any associated images are © CyprusMail 2018
Views & opinions expressed in this article are those of the author and/or CyprusMail .

Advertise Here

Trending Cyprus News

Advertise Here

Article Tags: auditor, general, state,


24hr News