Greece

Cash strapped Greece announced Tuesday it intends to remove ban on gaming machines to raise revenue, Reuters reported. “The regulative framework will soon be presented for public consultation,” read a statement from the ministry. The original plan called for €1.3 billion...

Gambling Regulatory Authority, responsible for controling the Casinos' function, warned five Greek casinos to regulate their expired debts to the Greek state until next Monday or else their operating licenses will be suspended. The casinos of Loutraki, Rio, Corfu,...

Greece’s highest administrative court, the Council of State, on Thursday rejected an appeal by Hard Rock International against its exclusion from the bidding process for the Elliniko casino permit. The decision means that the consortium of Mohegan Gaming & Entertainment...

The Greek Parliament is set to vote on a draft legislation that includes measures for the legalization and regulation of online betting and gaming activities this week. The bill aims at providing much needed revenue to the country’s coffers, creating...

According to estimates, the illegal gambling market turnover reached 5.5 to 6 billion euros in 2013, while at the same period legitimate gambling businesses showed a considerable decrease in revenues. The president of Greece’s Gaming Commission, Evgenios Giannakopoulos, who briefed the...

Taxes go uncollected, deficit targets are routinely missed, job cuts from the state payroll are postponed, privatizations have barely begun and pharmacies still shut in the middle of the day. Nearly two years into Greece's bailout, so many promises have...