At the same time, it is only a matter of time before the Council of State decides on the descent of the Parnitha casino in Marousi. The VORIA project is already moving forward, given that the relevant building permits are also pending.
Bathhouse
At the same time, Loutraki Casino – up to the time of writing – has not repaid the amount of 8.2 million euros, which is part of the agreed (restructuring plan) advance payment to EFKA (it has paid approximately 20 million euros to EFKA and has paid the advance payment to the tax office in order to start the relevant arrangements).
EFKA circles note that the repayment of the aforementioned amount may be completed by the end of September. According to information, the installment (180 installments) in AADE amounts to approximately 116,700 euros, while in EFKA, the exact amount of which has not yet been determined, the installment (240 installments) is expected to amount to approximately 240,000 per month.
At the same time, however, according to well-informed sources, the Comer Group (main shareholder of the Loutraki casino) is reportedly in discussions with the Totis family for the acquisition of the Florina casino together with a businessman from Israel. In addition to the Porto Carras casino, which wants to close (it’s already not working), the Syros casino has remained closed since last year, and if it doesn’t change its location, it will probably “fall” for good.
Ouch, few players “fight” for the casino of Crete in Gournes, an area that REDS has acquired. Already at the beginning of August, the land zoning permit was sent by the subsidiary of the Ellactor Group, the recruitment of a legal and technical consultant is underway by EEEP, as it is heard that the tender can “run” in the spring of 2025.
Piladaki Group
Hard poker is finally being played at the Piladakis Group’s casinos, after backlogs, fines and lockouts they appear to be entering a pending restructuring process, with Glafka Capital taking the reins with the transfer of Mr. Piladaki’s shares. Glafka has already submitted an application to the EEEP two months ago for the acquisition of the property in the casinos assuming the risk of settling the debts. The company has appealed to the Supreme Court for the lockout of the Rio casino (judgment is expected). In Alexandroupoli, after the court rejected the consolidation plan, they filed a request for an out-of-court settlement, as a result of which all sanctions procedures were suspended by the EEEP, which is said to be on standby. As he points out in “ET” on Sunday, the president of the Commission, Dimitris Dzanatos, “our desire is for the casinos to operate and for the effort to consolidate the companies to be supported”.
The businessman himself applied to the Gaming Supervision and Control Commission to transfer the shares of the three companies that control the casinos in Rio, Alexandroupolis and Corfu to Glafka Capital, while already on Glafka’s initiative the seat of the Thrace casino was transferred to Alexandroupolis.
Thus, a way was found to pay the EFKA of the employees pending from 2022, as a result of which they are held hostage, as the new investor could not pay the money for the contributions. The workers are now insured, as the arrears from 2023 have also been paid, during which time Glafka has taken over management.
Online gambling: Suggestion to change the way players are taxed
Meanwhile, big names are entering e-gambling, Novibet is looking for an investor-companion in its business plans, and insurance measures are being introduced for players.
In particular, and according to secure information, developments in the field of electronic gambling are being launched at the suggestion of the EEEP. The Commission, in a letter to both Megaron Maximos and the Ministry of Finance, requests that the way players are taxed be changed and that instead of paying a flat tax of 20%, the player pays a tax of 0.5% for every bet (hit) that takes place, an action which is estimated to support legally operating companies against illegal gambling. Also, on the occasion of the Betshop case, the legal framework that protects the players’ money in the event of a lockout changes, where there will be insurance coverage for each player, given that the players’ account is not the property of the provider. As far as Betshop is concerned, players will be compensated by the company’s guarantee covering the total “damage”.
The business side is dominated by the entry within 2025 of Regency, which has applied for two licenses in both the betting and other games. Those in the know say that this is an investment move that will lend prestige to the institution of online gaming.
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