Friday May 29, 2015 Search
Weather | Athens
14o C
09o 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)  
Greece mixes messages on expectations for deal
Some blame EU Commission for Greek obstinacy in debt talks
12 Russians injured in lightning strike at ruins on Crete
Greece creditors say no deal near as G-7 frustration vented
Schaueble plays down positive reports from Athens
German Finance Minister Wolfgang Schaeuble sought to play down Friday assertions by Athens that Greece is on the verge of reaching a deal with its creditors. "The positive reports out of Ath...
Greek bank deposits fall to lowest in more than a decade
Greek bank deposits have fallen to their lowest in more than a decade, new statistics show, as Greeks worried about their new government's painfully slow negotiations with creditors withdraw...
Inside Business
SOCCER
Panathinaikos conquers PAOK through Tavlaridis goal
A Stathis Tavlaridis goal has brought Panathinaikos to practically within one point from clinching a spot in next season’s Champions League qualifiers, as the Greens made it three out of thr...
SOCCER
AEK Athens returns to top league after financial collapse
Greek club AEK Athens has just returned to the country's top soccer league, two years after financial collapse sent it to a lower league. One of the country's largest clubs, AEK sealed its s...
Inside Sports
INTERVIEW
The eurozone’s ‘ambiguous’ architecture
“That’s not something you’re supposed to say in public, right?” In his humble way, Thomas Sargent, Nobel Prize winner in Economics, tries to avoid the question posed to him by Kathimerini re...
COMMENTARY
Only Greece can end its miserable ´Groundhog Day´
In the film "Groundhog Day," Bill Murray is condemned to relive the same 24 hours on an endless loop. The happy ending (he gets the girl) only comes when he changes his destiny by becoming a...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greece mixes messages on expectations for deal
2. Schaueble plays down positive reports from Athens
3. Greek bank deposits fall to lowest in more than a decade
4. Some blame EU Commission for Greek obstinacy in debt talks
5. 12 Russians injured in lightning strike at ruins on Crete
6. Next Greek aid program isn’t on table yet, says Moscovici
more news
Today
This Week
1. Greece creditors say no deal near as G-7 frustration vented
2. Only Greece can end its miserable 'Groundhog Day'
3. Next Greek aid program isn’t on table yet, says Moscovici
4. 12 Russians injured in lightning strike at ruins on Crete
5. Some blame EU Commission for Greek obstinacy in debt talks
6. The eurozone’s ‘ambiguous’ architecture
Today
This Week
1. Hotel contracts with a ‘Greek default clause’
2. Some 300 mln left banks on Tuesday
3. Neither Grexit nor a dual currency will solve Greece’s problems
4. No more 'quick and dirty' fixes for Greece
5. Romantic notions meet reality
6. Tsipras faces down radicals within SYRIZA over terms of deal
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.