x

Society

SYRIZA Coalition Plans New Casinos for Crete, Myconos

November 13, 2017

ATHENS – Desperate for every cent to offset a crushing economic crisis, Greece’s ruling Radical Left SYRIZA-led coalition is set to push through Parliament legislation that would move a casino closer to Athens and put others on the islands of Crete and Mykonos.

With a three-vote majority in the body, the government will get what it wants – barring defections – when the measure is presented Nov. 13 or Nov. 14 when Finance Minister Euclid Tsakalotos is expected to announce changes on the tax status of the gambling parlors and licensing procedures for online game services, Kathimerini said.

The main aim is reportedly to reduce the tax rates so that a casino permit at the former international airport site at Hellenikon – a project the developers said is being blocked by SYRIZA – will lure investors.

Elliniko – which is necessary for the development of the plot of the old Athens airport – becomes more attractive to investors. The government has realized that tax rates over 22 percent serve as a deterrent to major investors, while also threatening the sustainability of existing casinos.

Greek casinos’ gaming tax liability ranges from 22 to 35 percent, but the new system will likely have a flat rate for games across all of the country’s casinos, it was said, and entry fees are set to be eliminated to attract more customers.

The idea for Mykonos is to go after rich tourists who don’t mind dropping $1000 a bottle on champagne and would seem likely to spend freely in casinos. The government also reportedly wants to force Internet Service Providers to get an address in Greece so that betters will be directed to that page and come under the jurisdiction of Greek authorities.

RELATED

ATHENS - In a case stalled for years, a prosecutor has asked a court to convict the founder of the Folli Follie jewelry and accessory company Dimitris Koutsoulioutsos and his son Tzortis on a range of changes including fraud.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

NICOSIA, Cyprus — The governments of eight European Union member states said Friday the situation in Syria should be re-evaluated to allow for the voluntary return of Syrian refugees back to their homeland.

DUBAI, United Arab Emirates — Yemen’s Houthi rebels hit an oil tanker in the Red Sea with a ballistic missile early Saturday, damaging the Panama-flagged, Greek-owned vessel in their latest assault over the Israel-Hamas war in the Gaza Strip, officials said.

NEW YORK – The Center for Byzantine and Modern Greek Studies at Queens College held its 50th Anniversary Gala in a festive atmosphere on May 17 at Terrace on the Park in Flushing Meadows Corona Park in Queens, NY.

What is proven, and quite clearly indeed by the article which is published in this edition of The National Herald titled ‘Church of Crete Sends Letter to Patriarch Bartholomew Telling Him Not to Interfere’, regarding the ongoing issues within the Semi-Autonomous Church of Crete, is the fact that Patriarch Bartholomew has become a captive of his own choices in general.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.