This story was published more than 8 years ago.
Next week Greece's parliament revealed that they will be calling a vote to determine whether or not they should raise the country's gambling tax from 30% to 35%.
The hike would be among the highest in a regulated market, and would likely cause some operators to leave the market. as Amaya and OPAP have already complained about the high rate of tax and noted that their financials in the country may not meet expectations.
The betting market in Greece has suffered for the past three years, as licensed operators cannot offer promotions to compete with offshore sites, which don't have to pay the high tax rate. Greece is currently embroiled in a financial crisis, as the country is seeking ways to pay crushing debt that it has incurred through taking loans to pay for various programs.
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Comments
I understand they are still in crisis but 35% is to high. I think they will collect even less money from taxes because no one will play at casinos any more.
Obviously the Greece government rely too much on the gambling taxes but I don't think you'll achieve that by increasing all ready one of the highest taxes on the continent.
I hope that Greece will find a way to resolve their financial situation, but I can understand how frustrated the operators must feel.