Greece's Gambling Market Sees Upward Trend in Q1 2024


The first quarter of 2024 marked significant growth for Greece's gambling market, according to the Hellenic Gaming Commission.

Turnover in legal gambling, including OPAP, lotteries, racecourse betting, online gambling, and casinos, surged to 10.85 billion euros from 9.51 billion euros during the same period last year.

Reformed turnover (TGR), which accounts for profits and bonuses reinvested by players, reached 3.89 billion euros, up from 3.49 billion euros in Q1 2023. Gross Gaming Revenue (GGR), representing the actual revenue for providers, also saw an increase, standing at 682.3 million euros compared to 641.3 million euros. Player tax revenue rose to 97.4 million euros from 80.9 million euros.

In related news, the Hellenic Gaming Commission has been exploring the use of artificial intelligence within the gaming ecosystem. At the Beyond 2024 technology exhibition, Dimitrios Papadopoulos, Chief Operation Officer of the Commission, highlighted the potential of AI and linguistic models to address critical issues such as player addiction, illegal advertising, complaint management, and public information.

The Commission's strategic goal includes leveraging machine learning technologies to enhance the supervision and regulation of gambling activities in Greece.

(Source: Nafteboriki)

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