Greece May Expand Online Gaming

This week Greece's Deputy Finance Minister addressed the country's parliament, noting that the government needs to end temporary online gaming licenses and expand into a fully open system to collect taxes for government coffers.

Tryfon Alexiadis said that it is necessary to make the moves to increase the amount of taxes collected from the activity. Greece had previously allowed 24 operators to obtain 5 year temporary online licenses, which had charged €3 million annually for, but those operators have only paid €60,000 in taxes during the past three years.

Alexiadis suggested that the market become liberalized, with a flat amount of tax being charged on the revenues created off of Greek punters.

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