Plans Being Readied For Expansion of Online Gambling

The Greeks have such a great passion for gambling that they spend in access of Euro 8.5 billion a year on it. This is what was reported this week by Kathimerini, the Greek news medium. It was mentioned in a report relating to the increasing sums that are being spent on lotteries, online casinos, and other types of illegal online gambling.

When taking into consideration the country’s nine casinos, for the year 2007, as much as Euro 3 billion will be spent. One of the companies listed on the Athens Stock Exchange, OPAP, will take in another Euro 3.5 billion.

This strong shift toward gambling is the result, experts say, of both a change in community values, and some party fancy marketing campaigns.

During the festive season it is projected that the numbers of those heading for the casinos will twice that of last year at the same time. The Loutraki casino that is located to the west of Athens, takes in according to the data that have been collected, about 3 000 people daily. But around Christmas time this figure goes to as much as 5,000.

At the same time those who choose to bet online are spending almost Euro1.5 billion annually at this pursuit.

Since illegal Internet gambling gives better returns that OPAP, it has been drawing customers. It also offers the opportunity of gambling on more than only one sport. This improves the player’s chance of being a winner.
An unnamed senior place officer is reported as saying that there are actually very few whoa research playing online at illegal pursuits, but that the amount that is being bet illegally is greater.

There are quite a few owners of betting agencies who are acting to support the increase in illegal Internet activity. They do this by accepting the debts of there dependable customers. They than prices the debts themselves, receiving a four percent commission .

Place sources say that ten percent of the betting agencies are doing this.

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