Casino News: OPAP cease fire

OPAP cease fire

 July 20, 2009, 9:26 am (8 years ago)
According to the Reuters news agency, sales agents at the giant Greek government betting monopoly OPAP have ceased a attack against a latest government tax on customers’ winnings.

The line that caused the stoppage and led a turn down in the OPAP share price stems from a regulation issued last week which originally appeared to sum up to a ten % betting taxation on the total winnings of players in an effort by legislators to increase Euros 1.9 billion towards narrowing the Greek budget shortfall.

However, government sources then guaranteed the striking workers that the tax is only on the net winnings of players, prompting their return to work.

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