Greece will invest money in casinos
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Tuesday, 27 December 2011 00:00
gambling greece While the Greek economy is a big mess, the government will pump government money into 819 casino's. The government owned company OPAP will finance the gambling halls.

Estimated costs per hall - which will be 125 to 150 square meters - : €80.000. They will be open 24 hours per day and approx 15-25 slots will fit per hall, in total approx. 16.500 slots.  At the peninsula Attica they are planning to open half of the casino's.

Conservative estimates predict an annual revenue of €5 billion in 2015 and the optimists think even €10 billion. One of the reasons the government is dealing with this gamble halls is to boost the real estate market.

Last month the shareholders of OPAP agreed on a deal with the monopoly of the gambling halls for the coming 10 years. They paid €935 million for it with 5% taxes.

 
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