Greeks losing 3 billion euros each year due to illegal gambling
Sourlas has said that the government needs to work harder in cracking down on illegal gambling and the criminal gangs that run these operations, which is harming the national economy and creating gangs an avenue for laundering millions of Euros each month.
The land based casino industry has seen revenues fall from 8.7 billion euros in 2009 to 5.5 billion in 2013, reflecting a decline of about 35%. The same occurred in gross profits, which dropped from 2.5 billion euros in 2009 to 1.5 billion last year.
It is thought that there are some 60,000 to 100,000 illegal gaming machines at non-licensed gambling locations, and a conservative guess puts the turnover at between 4 and 5 billion euros. With profits estimated at 1.5 billion.
In a separate report it is also estimated that the illegal online gambling market in Greece is worth some 1.5 billion euros per year.
Dominator Play explores the balance between game quality and operator partnerships
Risk management is a product deature, not a back-office function
Century Casinos cuts Q1 loss as revenue climbs to $137.2 million
DraftKings beats Q1 estimates, touts Super App growth in prediction markets
Wynn Resorts profit rises in Q1 as Macau, Las Vegas drive quarter revenue growth
OpticOdds launches as first odds data API available via MCP for Claude Desktop
Algotech strengthens its trading technology ecosystem through collaboration with 55Tech
Riddec Games enters Nirmata Play distribution network through Stargate partnership
Sportsbook integration: Deploying betting widgets at scale
Forbes Italia, SiGMA announce Top 50 initiative for Italy’s regulated gaming sector
PAGCOR endorses SiGMA Asia Summit 2026 in Manila
