Greece’s gaming commission (HGC) on Thursday announced the permanent revocation of an operation license for a debt-laden casino near the western city of Patras and the temporary revocation for the troubled Loutraki casino near Corinth.
The decisions were taken by the state-affiliated commission’s board members, with the only dissenting vote for the former cast by its president, D. Tzanatos.
Barring recourse to the courts for an initial injunction against the ruling and subsequent legal challenge, the casino located in the coastal resort of Rio – just east of Patras proper – will have to close its doors.
Both gaming operators have accumulated huge arrears to the tax bureau and social security funds over the past two decades.
In terms of the Loutraki casino, located in the same-name resort town on the Corinth Gulf – west of the greater Athens area – the independent gaming watchdog ordered a two-month suspension of its license.
The casino reportedly failed to cover this year’s installments of an outstanding arrear of roughly 600,000 euros, for gross gaming revenue (GGR) rights – although the overall figure for arrears to the state and social security funds is much higher.
If the debt is covered, then the Loutraki casino will be able to resume operation.
As in the first case, the casino’s management has the right to seek legal recourse and request that the gaming commission’s decision not be applied, something it achieved approximately a year ago.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Greek Islands and Piraeus Remain Cruise Hotspots Despite Earthquakes
A total of 918 cruise ship arrivals have already been scheduled for 2025, with 714 of them designating Piraeus as their home port
Athens Hotels See Strong Growth in Bookings and Prices
Hoteliers point out that this success is being achieved despite the competition from short-term rental services like Airbnb.
Greece Launches Microfinance Fund to Support Small Businesses
The Microfinance Fund will offer interest-free financing at a rate of 60% for general entrepreneurship and 75% for female entrepreneurship, with microfinance institutions providing the remaining 40% or 25%.
Study: Greece’s Economic Growth Threatened by Labor Shortages
In its analysis, Capital Economics cites three factors as the reasons why it does not anticipate Greece’s employment significantly increasing in the coming years.
Goldman Sachs Optimistic on Greek Banks, Sees Valuation Improvement
Goldman Sachs downgrades Eurobank to "Neutral" from "Buy" due to its valuation, trading at 1x price-to-tangible book value (P/TBV).
Greek Tax Authorities Target Tax Evasion via Lifestyle Audits
Audit teams use advanced algorithms and risk analysis to conduct lifestyle audits and identify taxpayers suspected of concealing undeclared income.
Giannis Antetokounmpo Invests in AI Video Production Platform
The platform, founded in 2021 by Victorien Tixier and Xavier Green, automatically tags and organizes content, allowing teams to speed up distribution to broadcasters, sponsors, and even the athletes themselves
Greece’s Industrial Production Rises 5.8% in December
For the entire year, the average General Index of Industrial Production increased by 5.2% in comparison to the corresponding period in 2023.
Study Shows Athens Traffic Congestion Up
On average, car drivers and their passengers who venture out onto Greater Athens’ roads will spend roughly half an hour in the vehicle to cover a distance of 10 kilometers
Judge Blocks Elon Musk’s Team from Accessing Treasury Payment System
Judge blocks Elon Musk’s team from Treasury access over security risks and potential misuse of federal payment data.
![Φυσικό αέριο: Εκτόξευση της εγχώριας κατανάλωσής τον Ιανουάριο του 2025 [γραφήματα]](https://www.ot.gr/wp-content/uploads/2024/06/fysiko-aerio-90x90.jpg)
![Επενδύσεις: Πόσο στηρίζουν το ελληνικό ΑΕΠ – Τι δείχνει μελέτη της Alpha Bank [γραφήματα]](https://www.ot.gr/wp-content/uploads/2023/12/ot_artificial_ependyseis-600x352.png)
