Municipal authorities of the Greek island of Mykonos have launched a process for gathering signatures for a referendum on the potential construction of a casino, after the Greek government was considering a gambling bill that, among other things, would expand the country’s casino industry to three new casino licenses that could be issued for Mykonos, Crete, and Santorini.
Here it is important to note that the legislative piece is also concerned with the way gambling services are taxed, including gambling services provided on casino floors. At present, Greece’s casinos contribute between 22% and 35% of their annual gross gambling revenue.
The bill calls for the implementation of a flat rate. Said rate will be decided upon at a later stage.
If the bill is approved, it will come into force as a law on January 1, 2020. The government’s planned overhaul of the nation’s industry also includes its online gaming sector and relocate the six existing casinos.
