On November 17, Greece and its international lenders agreed to a new tax on all bets placed with Greek betting firm OPAP, according to Reuters. The government hopes the measure will help raise up to €400 million (US8 million) per year for the financially strapped Mediterranean country.
The gaming tax replaces an unpopular 23 percent value-added tax on private schools. It may enable Greece to access €2 billion in bailout funds, and about €10 billion to shore up its four biggest banking institutions.
