Greek online market dominates land-based in revenue growth

Greece, online market, dominates, land-based, revenue, growth
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The Greek online gambling market saw GGR hit E356m for the first 11 months of 2018, one third higher than during the same period in 2017.

The figure also sits 46 percent higher than the E222.8m generated by the land- based market up to November 2018, with the country’s annual casino revenue drop- ping 2.1 percent year on year.
The first six months of the period saw the online sector raise E182.8m, with the latter five months benefiting from sustained World Cup enthusiasm to deliver E173.2m.
The Greek online market is composed of 15 active operators, led by Stoiximan parent company Gambling Malta which accrued E145.5m of the 11 month total. Bet365 came in second with E135.2m.
The Greek government confirmed the figures, stating E124.5m had been raised in tax from the online market, with only E70m contributed by land-based casino operators.


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