Thursday August 28, 2014 Search
Weather | Athens
31o C
24o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Illegal gambling in Greece a 5-billion-euro industry, says transparency chief

More that 5 billion euros are played a year in illegal bets in Greece, the general secretary for transparency, Giorgos Sourlas, told newly appointed Public Order Minister Vassilis Kikilias during a meeting in Athens on Tuesday.

Sourlas called for a concerted crackdown on illegal gambling operations, which he estimates take in more than 5 billion euros a year, "harming the national economy and acting as a mechanism for laundering ill-gotten gains."

Sourlas told the minister that following consultations with the head of the Hellenic Gaming Commission (EEEP), Evgenios Giannakopoulos, measures are being introduced "which make us optimistic that an end will be put to organized crime rings operating without constraint."

In an interview with Kathimerini last month, Giannakopoulos said that the legal market has seen turnover drop from 8.7 billion euros in 2009 to 5.5 billion in 2013, posting a decline of about 35 percent. The same occurred in gross profits, which dropped from 2.5 billion euros in 2009 to 1.5 billion last year.

"In the illegal market, EEEP figures estimate there are between 60,000 and 100,000 illegal gaming machines at non-licensed gambling spots, and a conservative guess puts their turnover at between 4 and 5 billion euros. Their gross profits should come to 1.5 billion, not including online gambling, which had a turnover of about 1 billion euros," he admitted.

ekathimerini.com , Tuesday Jul 1, 2014 (15:18)  
Ministers hold flurry of talks ahead of troika negotiations in Paris
Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
EUs Frontex to take lead from Italy in Mediterranean immigration crisis
Venizelos invites Simitis and Papandreou to PASOK 40th anniversary event
Bad debt provisions hit Greeces PPC first half net profit
Greece's dominant power utility PPC reported a bigger-than-expected drop in first-half net profit, weighed down by increased provisions for overdue bills and tariff cuts. Net profit dropped ...
Hardouvelis, ECB executive discuss bank program, stress tests
A European Central Bank scheme aimed at easing credit conditions in the eurozone was said to have topped the agenda of talks on Thursday between Finance Minister Gikas Hardouvelis and Benoit...
Inside Business
SOCCER
Ranieri brings in new faces for his first Greece squad
New Greece coach Claudio Ranieri announced Wednesday a 24-man squad for the first Euro 2016 qualifier against Romania at home on September 7. Earning a first time call up were Olympiakos 21-...
SOCCER
Roma signs Greece defender Manolas from Olympiakos for 13 mln
Greece international Kostas Manolas has joined Roma on a 13 million ($17 million) transfer from Olympiakos, as coach Rudi Garcia looks to strengthen his worrisome defense before Serie A sta...
Inside Sports
COMMENTARY
Diplomacy, not dogmatism
A friend who moves comfortably within the circles of the European establishment recently described a particularly interesting experience when he found himself in a discussion behind closed d...
EDITORIAL
Preachers of hatred
Engaging in public dialogue regarding whether the anti-racism bill is mandatory and sensible is both legitimate and necessary at this current point in time. In the meantime, however, regardl...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Ministers hold flurry of talks ahead of troika negotiations in Paris
2. Bad debt provisions hit Greeces PPC first half net profit
3. Hardouvelis, ECB executive discuss bank program, stress tests
4. Eurozone bond yields hold at record lows after Spain inflation
5. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
6. EUs Frontex to take lead from Italy in Mediterranean immigration crisis
more news
Today
This Week
1. Greece to relaunch tender for mutual horesebetting license
2. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
3. Venizelos invites Simitis and Papandreou to PASOK 40th anniversary event
4. EU's Frontex to take lead from Italy in Mediterranean immigration crisis
5. Eurozone bond yields hold at record lows after Spain inflation
6. Bad debt provisions hit Greece's PPC first half net profit
Today
This Week
1. Brussels warns Greece over plans to allow construction near Korinos beach
2. Logged out of reality
3. Merkel cites euros construction flaws as economy sputters
4. Attack on gay couple in Athens leaves one man needing surgery
5. Second man held over double murder in Mani
6. Purification rituals
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.