Monday April 20, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Watchdog: ‘Illegal betting bigger than legal market’

By Vangelis Mandravelis

Illegal gambling activities in Greece probably make more money than the country’s legal market, the president of the sector’s watchdog, Evgenios Giannakopoulos, has admitted.

In an interview with Kathimerini, the head of the Hellenic Gaming Commission (EEEP) explained that “the legal market has dropped from a turnover of 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.”

Giannakopoulos also confirmed that OPAP still holds the Internet betting monopoly in Greece and added that the state is creating an electronic identity mechanism for winning betting slips in order to reduce money laundering.

ekathimerini.com , Monday June 9, 2014 (20:16)  
Unclear strategy has everyone puzzled
Piraeus confirms absorption of Panellinia Bank
Social security problem is due to general economic issues
List of revenue measures drafted
Greece will not cross ´red lines´ on debt talks: deputy PM
Greece's deputy prime minister Yiannis Dragasakis said on Sunday that Athens would stand firm on its red lines in negotiations with its creditors for billions in aid, despite escalating fear...
Tsipras says EU needs urgent plan to tackle migrant crisis
Greek Prime Minister Alexis Tsipras urged the European Union on Sunday to urgently come up with a plan to tackle a mounting migrant humanitarian crisis in the Mediterranean. "The Mediterrane...
Inside News
GYMNASTICS
Petrounias wins gold in Europeans
Lefteris Petrounias won his first gold medal in a European Artistic Gymnastics Championship on Saturday finishing first in the rings at Montpellier in France. Petrounias was impeccable in th...
BASKETBALL
Panelefsiniakos is relegated from the Basket League
Panelefsiniakos has become the other team to go down from the Basket League, after Panionios, as in the battle for survival against Korivos Amaliadas it hosted on Saturday it lost to its vis...
Inside Sports
COMMENTARY
The price of compromise
The representatives of the middle-class political world made plenty of compromises over the years and now we are paying the price. The current government’s appointment of failed politicos, u...
EDITORIAL
Premier’s choice
Prime Minister Alexis Tsipras was not elected by the 4 percent that has traditionally formed the hard core of SYRIZA supporters. Greeks may be desperate and exhausted but they still have the...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Petrounias wins gold in Europeans
2. Greece will not cross ´red lines´ on debt talks: deputy PM
3. Tsipras says EU needs urgent plan to tackle migrant crisis
4. Panelefsiniakos is relegated from the Basket League
5. Olympiakos clinches fifth consecutive soccer league title
6. Unclear strategy has everyone puzzled
more news
Today
This Week
1. Coalition ponders next move as talks with lenders resume
2. The price of compromise
3. Greece bailout plan still lacking, ECB chief Mario Draghi says
4. Spike in Syrians seeking asylum in Greece
5. Panousis skeptical about law allowing early prison release
6. Potami not seeking cooperation with other parties, says leader
Today
This Week
1. Quarantine for Greek bank subsidiaries in neighboring countries
2. Greek finance ministry hits back at German newspaper report
3. Time to get serious
4. 'Civil war' brewing over disputed Greek goldmine
5. Putting off payments led to Q1 budget primary surplus
6. Obama calls for flexibility in Greek reform talks in brief exchange with Varoufakis
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.