Pay Employee Outstanding And Social Security Debts Or Face License Revocation, Greek Authorities Strict On Casinos

Pay Employee Outstanding And Social Security Debts Or Face License Revocation, Greek Authorities Strict On Casinos

The Greek government is strict with casinos in the country. The government has asked the casino operators to pay their debts to social security funds and their employees. The casinos failing to comply may have their licenses revoked.

The Development Ministry has moved a bill to that effect in the parliament. According to article 162 of the omnibus bill which is also currently being debated in the parliament, the casino gambling firms will have to pay their social security debts and dues to employees within 60 days.

In the event of failure to comply with the regulations, the operators could lose their operating permits by the Hellenic Gaming Commission (EEEP).

Recently, Greece’s Ministry of Development and Investment proposed a tax hike for online gambling operations.

The Ministry proposed revisions to online gambling rules which are now pending approval from the Greek parliament. The revised draft has some significant differences when compared with the earlier draft presented last year.

While the cost of online sports betting license is reduced €1m to €3m, the operators will have to pay a 35% tax on their gross gaming revenue. According to the new draft law, operators will not be allowed to deduct this tax before their corporate tax is applied.

Greece is also poised to have a new airport casino. Hard Rock International (HRI) and a consortium led Mohegan Gaming & Entertainment (MGE) have officially tendered their bids for the casino project.

The Hellinikon integrated resort project is estimated to cost eight billion euros. It would be developed on the site of Athens’ old international airport.

Leave a Reply

Your email address will not be published. Required fields are marked *