Greece Losing Billions To Illegal Operators

General secretary for transparency, Giorgos Sourlas, briefs new Public Order Minister Vassilis Kikilias

Illegal betting operators are hoovering up Euro 5 billion a year in the Greek market, the newly appointed Greek Public Order Minister, Vassilis Kikilias, was told in a briefing in Athens Tuesday by the general secretary for transparency, Giorgos Sourlas.

Appealing for a major crackdown on unlicensed and illegal operators, Sourlas said their depredations were harming the national economy and acting as a mechanism for laundering ill-gotten gains.

The minister was told that the head of the Hellenic Gaming Commission, Evgenios Giannakopoulos, was introducing measures which should ensure that illegal operators were constrained or eliminated from the national market.

Giannakopoulos said recently that the legal market has seen turnover drop from Euros 8.7 billion in 2009 to 5.5 billion in 2013, posting a decline of about 35 percent. The same occurred in gross profits, which dropped from Euros 2.5 billion in 2009 to 1.5 billion last year ( see previous InfoPowa reports).

Online Casino News Courtesy of Infopowa

More news


About the Author... Total Posts Written: 9,461


The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.

See More Posts