ECONOMY

Gov’t targets additional 700 mln euros from gamblers

The Greek government expects to raise a 700 million euros in changes to the country?s gambling framework, the Finance Ministry said on Friday.

New licenses will draw 500 million euros this year while levies on games will raise 200 million euros on an annual basis, according to the statement.

Greece?s government submitted a draft law on Thursday to regulate the illegal gambling market in the country, which it estimates is worth four billion euros a year.

?The purpose of the draft bill is to regulate the lucky games market which today operates without being checked at the cost of state revenues and the broader community,? the ministry said in a statement.