Greece to Impose 10% Tax on OPAP-Winnings from Online Gamble & Slot Machines

Posted by in Economy

Greece’s finance ministry said on Wednesday it had agreed with the European Commission to set a flat 10 percent tax on player winnings from both online and slot machine games operated by state-owned betting agency OPAP from next year.

OPAP, one of the prime assets set for privatisation as part of Greece’s debt-cutting efforts, has been the subject of complaints by online gaming operators because of different tax treatments for online games and slot machines.

The finance ministry said it had agreed to harmonise tax levels at a flat level of 10 percent on all on all winnings from online and slot machines from January 1, 2013 (Reuters via ekathimerini).

OPAP Press Release in Greek Here

The news caused OPAP shares to plunge in the Athens Stock Exchange.