G3-247 Report GREECE MARKET UPDATE
by over 50 percent in the last five years. Casino Hotel Loutraki was put up for sale and this is the number two casino in the country.
It is the only casino in Loutraki and with plans to rede- velop the old Athens International Airport it has been suggested this is the perfect opportunity and timing for an integrated casino resort.
Meanwhile the roll out of VLTs has been delayed with numerous legal challenges which were partially resolved in October last year when Brussels forced the OPAP to pay an extra five percent tax on VLT GGR. Now the VLT roll out will begin in 2015.
At the moment Greece’s gaming market consists of: l Lottery: OPAP and the State Lottery Division
l Casinos: Nine casinos privately operated and domi- nated by Regency.
l Betting: Dominated by OPAP
l Horse racing: Run by domestic horserace betting (ODIE) which has 417 agents of which 380 are jointly operated with OPAP.
Greece is still one of the leading gaming sectors in the EU and in 2013 the gross gaming revenue was estimated to be €1.7bn making it the EU’s ninth largest
gaming sector. OPAP holds a 69 per cent share due to the
01 Greece's OPAP, Europe's second-biggest gambling company by stock market value, is pushing back the launch of its video lotto machines (VLTs) by about three months to the second quarter of 2015. The new business is seen as a major growth catalyst for the company, which offers lotteries and sports betting through about 4,700 outlets in Greece. OPAP had previously said it wanted the first machines to be rolled out in the last quarter of the year, but regulatory snags and negotiations with the operators of its retail outlets over their role in the project delayed the launch.
success in the main of Kino and Stihima.
GAMING MARKET DIVISION ESTIMATIONS IN €M. State Lotteries
Horse racing Casinos
1,000 1,200 1,400
200 400 600 800
2012 2014 2016 2018 2020 7 9 VLTs OPAP Scratch cards Online
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