Online gambling to set record in Greece

Greece’s online gambling revenue is on track to set a record in 2018. Credits: ventsmagazine.com

The online sector in Greece is on track to report record revenues for full year operations.

Greece.- Online gambling companies in Greece registered gross profits of €356 million in the first 11 months of 2018, showing a 30% increase when compared to the same period in 2017 and exceeded – by far – casino gross earnings.

The 15 companies operating in Greece’s online gambling market totalled approximately €125 million more in gross profits than the casino market, which during the same 11 months registered €222.8 million.

The biggest online operator was Gambling Malta, which manages Stoiximan, with total gross profits of €145.4 million, up from the €136.2 million from 2017, despite the fact that it decreased its market share from 48% to 40.8%. The company was closely followed by B2BGamingServices, manager of bet365, which totaled 37% of the market and increased its profits from €109.6 million in full 2017 to €135.2 million in the first 11 months of 2018.

The online gambling sector also contributed more money to the State Treasure, as it sent €124.5 million over the 11-month period, while the casino sector’s contribution reached the €70 million mark.

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