$ £

Greek Gambling Numbers Rise 9%

Numbers were revealed this week by the Hellenic Gaming Commission, which revealed the Greek gaming market went up 9% during 2014.

For the year, Greece brought in gaming revenues of €5.9 billion, which while impressive is down from the market's previous high of €8.7 billion in 2009. €3.8 billion of that total was from the country's gambling monopoly OPAP, while the Hellenic Lottery brought in €500 million. Casinos brought in 27% of the market, and the Greek horse racing industry brought in the other 1%.

The Greek government profited from the gaming industry by bringing in €525 million in tax revenue.

The higher revenues are the first in five years for the betting industry in Greece, which has been plagued by a tough economy and consumers that are short on cash.

In other news, the HGC published its latest blacklist, which now includes 461 online operators, and can be read here.