Economy

Understanding The Economic Impact of Online Casinos in Greece

The online casino industry has seen a remarkable upswing in recent years, significantly impacting the global economy. One such nation that has felt this wave of change is Greece, with its increasing acceptance and legalization of online gambling platforms. The economic impact on Greece cannot be understated as it becomes more engaged in the digital realm of gaming. This article presents an all-encompassing look into how these virtual casinos are reshaping the Greek economy – from tax revenues to job creation and technological advancements. Indeed, understanding this shift can offer valuable insights into not only its effect on national economies but also its socio-economic implications. Online Casinos: A New Revenue Stream for Greece The advent of online casinos has created a new stream of government revenue in Greece. Taxation policies applied to the profits of these digital platforms, which are evaluated based on Gross Gaming Revenue (GGR), have played a pivotal role in this fiscal... See more

Investors are torn between using Gold or Bitcoin to protect assets from inflation

Due to inflation fears, investors are searching for a way to preserve their wealth and assets. This has made the stock market unpredictable and has led to a steady increase in the value of Gold. But in an unexpected twist, Bitcoin’s value is currently higher than Gold’s. According to Data, Gold prices are lower than it was around this period in 2019, while bitcoin is currently trading at 70% above its last year value. This has led investors to be indecisive about the instrument to hedge their losses against.   Gold is usually the investment instrument of choice for investors  Gold has always been used to protect assets from inflation because it is finite and cant be produced by the government. Some investors are choosing it over bitcoin because of the cryptocurrency’s unpredictability. According to a report written by a senior analyst, Bitcoin does not offer the stability that Gold offers to investors.  There are currently fears of inflation because of the new proposed stimulus Bill th... See more