Casino revenues continue to fall in Greece since 2008

Gamblers in Greece spent €1.58 billion, less than half the €3.18 billion reported by the Hellenic Gaming Commission in 2008.

Greece.- The Hellenic Gaming Commission (HGC) recently published the total amount of money spent by punters in 2017 and revealed that it continued the downward trend it has been experiencing since 2008. During last year, gamblers paid out €1.58 billion, which was less than half the amount reported 9 years before, when the figure reached €3.18 billion.

The HGC, which oversees the sector and is responsible for granting new casino operating licences, showed that the nine casinos that are fully operational in Greece posted gross gaming revenues (GGR) of €253.5 million. The figure was a couple of million shorter than 2015’s €264.9 million but way behind 2006’s €688.1 billion, with the Porto Carras casino showing the biggest decline of them all, followed by the Aegean Casino, Achaia Casino and Casino Loutraki.

The report also detailed which games were impacted the most by the segment’s crisis. American roulette saw the largest drop (71.42%), while blackjack came in second (67.87%). According to the HGC, the slot machines segment was the least harmed, as it posted the smallest decline between 2007 and 2017.