Greek casinos see fewer visitors, but online blacklist a mob scene

Greece’s land-based casino operators are struggling with declines in both visitor traffic and the money those visitors spend on gambling.

This week, Greek media outlet Ekathimerini quoted local industry sources saying the country’s nine brick-and-mortar casinos collectively welcomed around 1.33m visitors in the first six months of 2018, a 2.4% decline over the same period last year. Only three casinos reported individual visitation gains.

Total gaming turnover at the nine venues was down 1.8% year-on-year to €740m, while gaming revenue fell 3.2% to €116.2m. The decline follows a 3.8% decline in gaming revenue in calendar 2017. Again, only three of the nine casinos reported revenue gains, and two of these fortunate three only managed to get back into the black thanks to a particularly strong showing in June.

Greece’s occasionally chaotic casino industry is currently awaiting a major shakeup via a tender for the country’s first major integrated resort, which is to be built on the grounds of the old Hellinikon airport. The latest plan is for the tender to get underway by August 30 but the Greek government’s deadlines tend to be somewhat, er, elastic.