Illegal betting tops €6bn in Greece

Illegal betting tops €6bn in Greece

Monday, June 3, 2013 Totally Gaming

Illegal betting in Greece has topped €6bn annually according to data submitted to the Committee of Institutions and Transparency of the Greek parliament by Evgenios Giannakopoulos, President of the Supervisory and Gaming Control Committee. He said that one billion of the figure is attributed to Internet betting.

Discussing the data, Giannakopoulos said: “This market has never been recorded. No one knows how many machines of technical recreational games – which were also related to gambling in the past- how many machines are out there, and how many people are involved. Greece is a country that will be recorded for the first time. It is at least essential to record the market in order to be able to control it. I have to tell you that, the amounts of money played in gambling are only conjectures and there’s no serious evidence, in order to be able to estimate the actual amounts.

“There’s an element which is crosschecked, the betting and gambling on the internet. One should calculate that the money played amounts to about one billion, that is, what we call annual turnover, which leads to a gambling gross profit of about €200m,” he added.

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