“The utilization of every tool with the main objective of ensuring healthy competition in the gaming market is at the heart of the government’s policy”, emphasized the Deputy Minister of National Economy and Finance Haris Theoharis, speaking at the 27th Economist Conference, referring to the effort to reduce the ” gray market”, i.e. the activity in an unregulated environment of unlicensed businesses, with a significant share of the market (over 30%), as it disrupts the operation of the healthy market, resulting in a significant loss of tax revenue as well.

“The government wants to reduce this “grey market”, without however disrupting the revenue streams of legal gaming service providers with the main objective of ensuring the conditions of healthy competition”, said Mr. Theoharis.

As noted by the Deputy Minister of National Economy and Finance, the existing taxes bring in revenues of 300 million euros from the taxation of the gross profits of gaming businesses and 150 million euros from the revenue of the players’ winnings.

Finally, Mr. Theocharis clarified that the gaming landscape has changed radically in recent years, which is due to a significant extent to technology, but also to the actual organization of the operation of the market with a modern framework.