Tag Archives: Syriza

Greece seeks to revamp its gambling laws for foreign investment

The Hellenic Parliament is expected to pass a series of gambling amendments related to VLTs provisions and land-based casino licensing. Last October, Greek news sources reported that the Syriza government had tabled new reforms on industry taxes, licensing arrangements and games provisions, in order to make its national market more attractive to foreign operators. Parliament further seeks to amend existing …

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Foreign Appeal…Greek government wants to reform casino sector attracting international players

Greek news source Ekathimerini has reported that the Syriza government may seek to reform industry taxes on casino gambling in order to make its national market more attractive to foreign companies. The Greek government may move to present new legislation to the Economic Ministry aimed at propelling Greece’s casino sector, by creating conditions attractive to international players willing to invest …

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Greece to open new licensing regime by October

Updating industry stakeholders, the Greek Syriza government has announced that it will implement its new gambling licensing regime by October, opening its market to foreign operators. This September, Deputy Finance Minister Trifon Alexiadis informed Greek news sources that regulatory and business provisions would be made available ‘within a month.’ Following amendments, the Syriza government is confident that its new licensing …

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Greece approves fixed 35% online gambling duty

Seeking to meet the qualifying criteria for its next EU sanctioned loan tranche, the Greek Syriza government has approved a fixed 35% Gross Gaming Revenue duty on licensed online betting operators. Imposed loan sanctions by the EU require Greece to meet a surplus of 3.5% of its national budget, with the beleaguered country having to raise an additional €1.5 billion …

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Syriza seeks Greek online gambling reform

The Greek Syriza government are reported to want to introduce a new licensing regime for online gambling operators, in a bid to restructure the country’s failed industry framework. Last week Greek Deputy Finance Minister Tryfon Alexiadis informed the Hellenic Parliament that Syriza would proceed with reforming Greece’s licensing regime aiming to offer new licenses to international gambling operators seeking to enter …

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Greece – Syriza targets online gambling for additional tax revenues

The Financial Times, has leaked a letter from Greece’s far left governing party Syriza to Jeroen Dijsselbloem Head of European Union financial interstate body Eurogroup, outlining potential reform proposals for Greek tax revenues. The letter composed by Syriza Finance Minister Yanis Varoufakis proposes seven reforms which have been considered, as the country’s new government seeks to meet conditions for its …

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Paddy Power puts Greece at 4/1 to drop the Euro

The shift of political power in Greece following last Sunday’s national elections which saw radical left wing party Syriza take control under the leadership of new Prime Minister Alexis Tsipras, has not gone unnoticed by bookmakers. This week Paddy Power had announced that Greece is now 4/1 to drop the Euro currency within four years, as Syriza leaders and Tsipras …

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