Online gambling sector in Greece brings record profits of €356 million

Greece online gambling market continues to grow into the last month, netting gross revenues nearly a third higher then those of whole year before.

Gross gaming revenue hit a peak of €356m (£312.6m; $404.3m), a 30% increase year on year. Among them, the 15 registered online gambling companies also earned bigger profits, up €125m (£109.7m; $142.3m) over the same period in 2017.

Gambling Malta leads the pack with total gross profits of €145.4 million, an increase from the €136.2 million in 2017. In the second place is B2BGamingServices, which manages Bet365 in Greece, with €135.2 million, a substantial increase from its profit of €109.6 million in full 2017.

Revenues between January and June 2018 reached nearly €183m (£160.7m; $208.4m). For the following five months, revenues hit €173.2m (£152.1m; $197.3m). The FIFA World Cup ran for a month between mid-June and mid-July, but the figures suggest bettors lost none of their enthusiasm for a wager following the tournament’s conclusion.

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