The Greek Gaming Industry Association (EEEP) has revealed that the country’s gambling market expanded for the first time in five years during 2014.
Data from the body showed that the market grew by approximately 9% last year, with revenue for the industry amounting to €5.9 billion ($6.7 billion).
Greek news portal Ekathimerini reported that OPAP was the most successful operator in the market, generating €3.8 billion, or 64%, of total revenue in 2014.
Although the market has demonstrated growth for the first time from five years, the revenue posted in 2014 is some way short of the €8.7 billion posted in 2009.
The Greek market has been impacted by an ongoing national financial crisis, with the country’s government currently in talks over its plans to avoid bankruptcy and comply with various requests from the European Central Bank,
European Commission and International Monetary Fund.
Gambling regulators in the country have estimated that expansion of the market enabled the country to secure total tax revenue of approximately €525 million last year.
source : www.igamingbusiness.com
