What is it?
In the latest episode of Big Betting Balagan Podcast the trio of hosts talk about all things Greek Betting and Gaming, with specialist George Merodoulakis who shares his knowledge of the developing market.
They also talk about William Hill online numbers, retail woes and an update on problem gambling statistics, Lee also gives out an exclusive and early Cheltenham 2021 tip.
Who is it?
Lee Richardson: Co-host, Big Betting Balagan Podcast & Chief Executive, Gaming Economics
Dan Phillips: Co-host, Big Betting Balagan Podcast & CEO, NEL Advisory
Vigne Kozacek: Co-host, Big Betting Balagan Podcast & iGaming and Sports Betting Technology and Security Consultant
George Merodoulakis: Managing Partner / CEO, EBGC Ltd
The Big Betting Balagan: A series of podcasts which focus on the good, the bad and the ugly of the betting and gaming industry. Defining the podcast name ‘Balagan’ from our Pod title ‘The Big Betting Balagan.’
The best translation into English would be something like a state of chaos, disarray or even confusion. The trio believe this name is something ‘Those in the industry will be able to identify with that and how it has evolved and gets things done!’
What is being said?
George Merodoulakis: “The government sees gaming as a source of income. Quite clearly. The tax was 30% at the beginning, it went up the 35% and it remains today at 35%.
“For the time being and actually there was a forum right before COVID struck in February in Greece where politicians and members of the commission were asked as to whether the stance of the government would change against the GGR tax and the answer was no.
“What I anticipate to happen in the next few years is that were going to enter this regulated period lets say, with this level of tax and then as things move on and as the government feels more secure about the revenues that will be generating most probably I believe that they will drop the tax at some point because at this very moment, its needless to say that it is a barrier to entry.
“The cost of an acquisition of the licence which is €5m for a duration of seven years. For those who are interested and for the benefit of the listener it’s €3m for the sportsbook licence and €2m for the gaming licence.”
Why should I watch it?
For insight into the Greek betting market addressing taxation, barriers to entry, competition, amount of adult population, the market’s future, COVIDs implications on consumer habits and much more.
Where can I see more?
Source: The Big Betting Balagan YouTube Channel