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Greece Players Say Yes to Online Casino World

Although it is illegal to operate online casino sites in Greece, the Greek public seems to love online gambling! Each year, the Greek spend some Euro 1.5 billion at online casino sites around the world. Europe is slowly opening its gates to the online gambling industry, and there are new options for betting constantly. Looking at the land-based industry in Greece, these numbers become even more surprising. It is expected that the Greek public will spend about Euro 3 billion at the country’s nine casinos, making online gambling a highly profitable field in Greece – where online casino gambling is not even regulated!

This shows how powerful the world of online gambling really is, and that it holds a tremendous potential for any government that wants to make extra revenue from taxation. The Greek public is already gambling online on international sites across Europe, so why not tax them and reap profits for the entire country? Looking at online casino gambling in Greece, it is clear that there are less people using the illegal option, but the sums that are wagered on are much larger when it comes to online casino gambling. The prizes are also higher when online casino is involved, especially if you plat at international sites that cater for the entire world.

With Italy favoring the online casino industry not too long ago, many people believe that Greece will be influenced to regulate online gambling as well. Italy is offering gambling licenses and hopes that foreign investors will pour money into the country and offer internet casino gambling for the Italian public. If the Italian model proves successful, Greece, and other countries around the world, will seriously start thinking about legalizing online casino gambling. People are betting online either way, and it will be smarter to regulate the industry and provide quality operations for law respecting citizens. When online casino gambling was permitted in the United States, and the industry was flourishing and everyone enjoyed a take in the earnings.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.