International edition
September 18, 2020

More than USD 1B for state coffers

Greek MPs to address gambling bill

Greek MPs to address gambling bill
The OPAP office holds the exclusive rights to organize and manage numerical lotteries and sports betting games in Greece.
Greece | 10/30/2017

The Parliament of Greece is set to debate on a draft bill on gaming, including online betting and casino-type games, as the government of the European country seeks to boost public revenue and create jobs. The new legislation would also allow authorities to fight illegal gambling and bookmaking.

A

study by Deloitte accompanies the draft bill, with the former claiming monetary benefits of one billion euros for state coffers over the next four years if the bill's provisions are implemented, Naftemporiki.gr reported.

At present, previously state-run OPAP, the company which holds the exclusive rights to organize and manage numerical lotteries and sports betting games in Greece, pays the state roughly 780 million euros a year for the concession rights.

On its part, OPAP - officially known as the Greek Organization of Football Prognostics S.A. - submitted what it said were named and anonymous charges over the past four weeks regarding the existence of illegal gambling dens in the country.

The Hellenic Gaming Commission (EEEP), submitted a report listing more than 18,000 violations of gaming laws between 2005 and 2015, and the seizure of more than five million euros in illicit proceeds.

OPAP executive chairman and CEO Kamil Ziegler, who spoke during the committee debate on the draft bill, said the Greek state loses between 300 and 500 million euros annually from illegal gambling schemes.

During debate at the committee level, MPs heard that for every 100 euros collected by a legal video lottery terminal (VLT) operated by OPAP, 52 euros of the sum - directly or indirectly - lands in the state's treasury.

Yogonet.com
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.