The recent increase in gambling taxes in Greece has raised concerns among local and global gambling companies. The government aims to generate around €73 million annually by imposing a 35% tax on gambling revenue and high license fees for market entry.
The Hellenic Gaming Commission plans to charge €3 million for sports betting licenses and €2 million for casino games, making it difficult for both international and local companies to operate under these new regulations.
Additionally, a 10% tax on player winnings has been introduced to discourage certain practices, which may change how players behave.
Despite some tax deductions and the promise of permanent licenses, the high costs involved could impact the government's revenue targets and related political promises.