New Online Gambling Regulation to Bring Millions to State Coffers

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Positive aspects of the draft bill

According to recent assessments presented in the Greek online gambling market, the new draft online gambling bill introduced by the Greek Finance Ministry not only regulates the market, providing better player protection, but will also bring some EUR700 million to the country.

It was also estimated that new licenses in a regulated Greek market in 2011 are to generate Euro 500 million, whereas revenues from gambling should bring some Euro 200 million annually.

This bill would be a significant move, as the current turnover of illegal gambling moves around Euro 4 billion per annum, it was specified.

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