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Greek Government Looks to Obtain €100m from Casinos in Social Security
December 29, 2019 TamaraTam
Greek casinos have ongoing problems regarding casino operation. The country has recently faced another problem after the government required €100m for social security purposes. It could lead to the potential shutdown of casinos and the collapse of the gambling sector.
Background of the Problem
According to the media report, Single Social Security Entity (EFKA) has just sent letters to casino companies claiming that they owe €100m in social security payments. Local casino operators are given a deadline of December 31 to cover all debts. Otherwise, they will face serious consequences.
Some of the repercussions will include a two-month suspension of a gambling license if the debt remains uncovered for longer than 60 days. If the debt stays uncovered after the mentioned period, an operator could face the final revocation of license without the possibility to offer gambling services. The final word should come from the Hellenic Gambling Commission.
Open Debts
There are several Greek casinos that have open debts. One of them is The Club Hotel Casino Loutraki which has about €18m debt. The venue has been closed by the Greek government after the operator failed to pay taxes on its revenues. Club Hotel Casino Loutraki denied the government accusations, claiming that the country owed to the casino instead the other way. At the moment, casino Loutraki waits for legal decision after the state submitted the appeal against the operator.
On the other hand, businessman Konstantinos Piladakis holds three casinos in Thrace, Corfu, and Rio, which are allegedly under serious problems. Meanwhile, there are three casinos with a stable budget including those in Parnitha, Thessaloniki, and Florina.
Looking back at the Greek gambling policy, the state has never had control under the casino sector. Greece plans to open a brand-new Integrated Resort in Athens has undergone deep problems and misunderstanding. The country now looks to attract gambling customers without having to deal with economic issues. However, the New Democratic Party should make tough decisions to secure the stability of the gaming sector.
Source:
“Greek gov’t seeks €100m in social security payments from casinos“, Peter Amsel, calvinayre.com, December 18, 2019.
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This is another ongoing problem for Greece…I just can’t believe that they cannot make some consistent decisions. New problems constantly emerge and the industry is about to collapse. Players might be scared of shutdown threats and all these things. I think that Greece shouldn’t continue in this way, something must be done because casinos bring money!