Greece

The Greek tax authorities have hit U.K.-listed online gambling operator GVC Holdings with a hefty back-tax demand of close to €200 million ($249 million). On Thursday, GVC announced it had received a tax audit assessment from the Greek Audit Center...

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...

Opap SA (OPAP) of Greece, Europe’s biggest listed gambling company, chose Italy’s Lottomatica SpA (LTO) G2 unit as its strategic partner to enter the online gaming market. The two will create a joint venture to offer Internet gaming services and...

Greeks turn out to be “addicted” to online gambling, since more than 400,000 people gambled online during the past year (26% of the people who performed online transactions), 100,000 of which are considered regulars, according to a study of...

The European Gaming and Betting Association (EGBA), the Remote Gambling Association (RGA) and the European Commission filed a complaint against the new online gambling law adopted by the Greek government recently. According to NewEurope Online, the new regulation has already been...

Greece has introduced a new draft legislation designed to regulate the country's online gambling market. Under the new law providers of sports betting, internet poker or online casinos in Greece would be required to set up a server in the...

Ioannis Spanoudakis (photo), who as chief executive of the Greek gambling monopoly OPAP should know, has confirmed statements three weeks ago that gambling liberalisation is on the cards, and that online sports betting operations are on the OPAP future...

The Greek gaming industry saw a turnover surge of 28% between January and August, which puts the country on track for a new record by the end of the year. Greeks have parted with a total of 22.7 billion euros...

The regulation of online betting along with the other measures promoted concerning the betting industry will create a new significant prospect for the economy, Minister of Finance Harris Georgiades has said, as the Cyprus National Betting Authority gears up...

Gambling addicts seeking help have increased 20-25 percent in the past five years, a fact that is attributed mostly to the economic crisis. The gambling market in Greece puts the country among the top ten in Europe and in a...

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...

Hellenic Gaming Commission Executive President, Evgenios Giannakopoulos, stated that the amount of money gained from illegal gambling in Greece exceeds the amount of money made from the country's legal market. The Greek legal gaming market's profits has shown a...

Prior to the crisis, Greeks were amongst Europe's most avid gamblers -in fact when it came to sports bets, they accounted for 20 percent of the European market and 20 percent of the global-not to shabby for a country...

Greece plans to award up to fifty 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 on Monday. "The bill is expected to be voted within...

The Greek government plans to submit legislation to parliament early next year to regulate the gambling market and grant some betting licenses, according to the Finance Ministry. Online gambling, which is currently banned, will be legalized and some licenses will...