$ £

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.

Share this