Social security is serious business, and since the casinos in Greece have failed to address it, they face a two-month shutdown threat. The government claims there is almost €100m in overdue payments.

Letters were sent to local casino operators over the lacking contributions. The final due date is the end of the year. License suspension will come after sixty days, or worse yet permanent revocation by the Hellenic Gambling Commission.

The major culprit is Club Hotel Casino Loutraki with a debt of around €18m. Two years ago, the venue was temporarily shut down after allegedly failing to pay gambling revenue tax.

Of course, Loutraki denied the allegation and is appealing the charge.

Three casinos in Thrace, Corfu and Rio owned by businessman Konstantinos Piladakis are reportedly in trouble as well. Fortunately, other venues in Parnitha, Thessaloniki and Florina are in the clear.

Some say Greece lacks effective control of the local gambling industry. Of late, a major integrated resort on the old Athens airport site has become a bureaucratic nightmare. Troubles also abound in the sphere of licensing.


Damaris is a seasoned writer and analyst of the gambling market with several years of experience writing for various blogs and websites worldwide. He has worked with several casino startups and is a supporter of credible casino projects worldwide.
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