The state is about to file its first lawsuit against one or more unlicensed online gambling companies with a presence in Greece.
GAMES
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The return of beloved characters along with ambitious new titles turned this year into one of the video game industry’s best, leaving players with an embarrassment of riches.
Despite the police dismantling various illegal gambling rings from time to time, other gambling activity that is not legal – i.e. without licensing – is flourishing in Greece.
Another orbit around the sun and here we are again: back where we started but spun about – changed, perhaps deranged.
Gambling in Greece has soared in recent years, with the advent of online gaming, as total gaming revenue (TGR) came to in 2021 – almost threefold compared to 2015 – according to figures from the Hellenic Gaming Commission (EEEP).
Riding the momentum generated during the lockdowns, online gambling in Greece is expected to soar to an annual turnover of more than 1 billion euros by 2024, a conference call of the OPAP gaming company with market analysts heard last week.
Several companies have applied to the Games Oversight and Control Committee (EEEP) for a license to operate online betting in the Greek market.
The pandemic has led to a major swing in gambling from physical games and betting to online versions, with the losses of conventional forms of gambling more than offset by remote gaming, according to data from the Hellenic Gaming Commission (EEEP) for 2020.
Greeks both young and old have sent online sales of this category of table games soaring 1,654 percent month-on-month, according to a survey that tracked the switch of consumers to online purchases because of the Covid-19 restrictions.
The government wants to see swift changes in the distorted market of online games of chance in Greece.
The bidding process for the construction and operation of a casino on the site of the former airport at Elliniko, southern Athens, is expected to be completed at the end of September, with the government insisting there will be no deadline extension.
Greece’s OPAP, Europe’s fourth-largest betting firm by revenue, said on Tuesday its chief financial officer would step down by the end of September to pursue other opportunities.
OPAP, Europe’s fourth-largest betting firm by revenue, has frozen the roll-out of video-lottery terminals in Greece until the country settles a “procedural” regulatory issue, its chief executive said on Thursday.
On a side street near the Acropolis, a new museum is exhibiting items a little different from the elegant white marble statues of ancient Greek antiquity. Here, there are flashing lights, loud pinging and popping noises.
He had to use the metro to come to our meeting. He kept his head down for the entire ride, focusing on a spot on the floor to get over the suffocating feeling due to being among so many people.
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