International casino investors could take another look at Greece’s gaming market if the government follows through with rumored plans to slash gaming taxes.

On Monday, Greek news agency Ekathimerini reported that sources in the country’s Economy Ministry say the government is preparing to table new gambling legislation in the next few weeks, which would include lower taxes on casino slot machines and gaming tables.

According to the report, consultations with gaming industry stakeholders have led the government to consider a mixed-rate system that would see overall taxes on gambling turnover reduced from the current range of 30-37% to 25% or even lower.

The government appears to have bought into arguments that, far from decreasing the government’s gambling tax take, the reduced rates will spur further international interest and investment in the gambling sector that will ultimately deliver higher governmental returns in the long run.