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Greek betting monopoly's sales agents halt strike

Published 07/18/2009, 04:09 AM
Updated 07/18/2009, 04:16 AM

ATHENS, July 18 (Reuters) - Sales agents at OPAP, Europe's biggest betting firm, have suspended a strike against a new government tax on punters' winnings.

The agents ended their walkout after receiving assurances that Greece's new 10 percent betting tax will be imposed on players' net winnings, not on gross winnings, the company said late on Friday.

OPAP's shares dropped 6.6 percent on Wednesday, a day before the strike began, partly on confusion about the law's exact provisions.

The betting law, which was passed by legislators earlier this week, is part of government measures to raise 1.9 billion euro ($2.68 billion) and narrow Greece's budget deficit.

OPAP's sales agents run about 5,300 retail outlets selling lottery cards and sports betting games across Greece. (Reporting by Harry Papachristou; Editing by Alex Richardson)

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