Industry News

Two Greek Casinos Shut Down

Published

6 years ago

February 4, 2020

Niji Narayan

Photo Source: ekathimerini.com

Reading Time: < 1 minute

The Hellenic Gaming Commission (EEEP) has announced the decision to shut down the Rio and Alexandroupoli casinos in Greece. The casinos were forced to close due to unpaid debts to the Single Social Security Entity (EFKA).

The report from EFKA indicates that the Rio casino had to pay over €25 million, while the Alexandroupoli owed €12.5 million.

The EEEP meeting that took place late last week ended with the decision to impose fines on the casinos of Corfu and Loutraki. The difference between these facilities and the ones that were forced to close is that they had settled their debts in the period between their summoning and the EEEP meeting. The commission decided to impose a fine once again instead of forcing them to close.

Greece has recently drafted new gambling legislation and submitted it to the European Commission. The main difference in the potential new landscape is to subject online sports betting and other games to different licences. The latter will only cost €2 million, while sports wagering operations will require a €3 million investment.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.