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Tag Archives: Debt

Greece – Debts mount for Greek casinos

Greek casinos owe their government between €100,000 and €30m, according to the Supreme Court Deputy prosecutor Nikos Pantelis. The debts have mounted from value-added tax that has not yet been paid and from entry tickets into the casinos that some operators have failed to pay to the state. Whilst Mr. Pantelis didn’t reveal the details…

France – Partouche hopes for ten year repayment plan

French operator Groupe Partouche is hoping its creditors will allow it to spread its debt over a ten-year repayment plan as it struggles to remain solvent. France’s number two operator with 49 casinos saw its Gross Gaming Revenue for the financial year ending October 31 fall by 3.2 per cent to €436m. It has to…