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Casino revenues are falling in Greece since 2008

Published

6 years ago

August 28, 2018

Niji Narayan

Casino revenues are falling in Greece since 2008

Photo Credits: Expedia

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The Hellenic Gaming Commission (HGC), the gambling regulator of Greece, reported a steady fall in gambling revenues in the country since 2008. In 2017, gamblers spent €1.58 billion, which is not even half of €3.18 billion, the amount gamblers splurged in 2008.

The HGC report reveals that the nine casinos in the country posted gross gaming revenues (GGR) of €253.5 million in 2017. This amount is lower than the GGR of 2015, which was €264.9.

The report also detailed which games were impacted the most by the segment’s crisis. American roulette saw the largest drop (71.42 per cent), while blackjack came in second (67.87 per cent). According to the HGC, the slot machines segment was the least harmed, as it posted the smallest decline between 2007 and 2017.

Source: focusgn.com

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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.