Regency Entertainment will Not ‘Lend’ Money to Players in Greece

Regency Casino Thessaloniki. Photo source: Regency Entertainment

Regency Entertainment, which manages casinos in Greece, announced on Friday that it will not make use of legislation that allows casino operators to issue credit to customers.

Regency Casino Thessaloniki. Photo source: Regency Entertainment

According to a provision included in an omnibus bill voted recently in parliament, Greek casinos are allowed to grant loans of over 50,000 euros to players.

“Regency Entertainment points out that, at this stage, it does not intend to make use of the provision and therefore informs that it will not provide this service to the casinos it manages in Parnitha and Thessaloniki,” the company said in announcement.

Regency Entertainment runs the Regency Casino Mont Parnes, Regency Casino Thessaloniki and Hyatt Regency Thessaloniki.

The company also underlined that during its 20-year business presence in Greece, no such or similar service was ever offered to any customer of its casinos.

The recently voted omnibus bill included new legal framework covering the licensing procedures, operation and taxation of casino ventures in Greece.