Greek land casinos revenues lag

The Greek newspaper Kathimerini reported over the weekend that the national casino market suffered a decline in the first half of the year, as both visits by punters and the money being played fell noticeably, in line with the trend recorded over the last decade.

The country’s nine casinos received 1,333,500 visitors in January-June 2018, which was down 2.3 percent from the same period in 2017, with positive growtjh reflected only in the results from the casinos of Thessaloniki, Parnitha in Athens and Corfu.

There was also a reported fall in turnover, as total bets in the nine casinos amounted to Euros 740 million, an annual reduction by 1.8 percent from the first six months of 2017.

The casinos’ gross gaming revenues (GGR) reached Euro 116.2 million, down 3.2 percent  from 120 million in H1 of 2017. Throughout the 12 months of 2017 the sector’s GGR registered a total yearly decline of 3.8 percent.

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