The government aims for revenues of up to 700 million euros from licences this year
Greece to licence online betting by the end of 2011
(Greece).- Greece plans to award up to 50 internet gambling licences and allow thousands of low-stake videolotto (VLT) gaming machines by the end of the year, a senior government official told Reuters this week.
2011-01-25
Reading time 29 seg
The government is soon expected to present a bill legalising online gambling and lifting a ban on videolotto machines, to comply with EU law and help raise cash under the terms of a 110 billion euro EU/IMF bailout
"The bill is expected to be voted within the first quarter of the year," said the official, on condition of anonymity. "Our aim is to tender the licences by the end of the year."
The government aims for revenues of up to 700 million euros from licences in 2011 and 625 million euros in 2012, while the official didn’t refer to the length of the licence.
Regarding to the videolottos, he added that there will be a limit in the amount of bets, according to the news agency.
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