HomeNews ❯ Canadian Firm’s Play for Greek Casino Gains Traction

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Canadian Firm's Play for Greek Casino Gains Traction

Back in October of 2018, we saw steps to attempt to take the gambling industry in Canada more global. This is something that is has been in the works for a while, and there have been movements toward trying to take Canadian gambling a little more global. Last year, for instance, we saw Ontario Lottery and Gaming Corporation (OLG) partnering with a UK company, in order to enhance and improve the status of Canadian gambling globally.

The partnership was viewed as a big part of the process of evolution and modernisation of the Canadian gaming industry, and there are bound to be plenty of amazing benefits to this move. But, this is far from the only partnership that Canadians are getting excited about over the next year or so. Indeed, we have seen reports of Canadian companies trying to break into the European market as well.

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For instance, late last year, Canadian pharmaceutical company Easton Pharmaceuticals Inc. expressed an interest in moving for Greek-based Casino Loutraki. This is a highly coveted casino, and there have been many companies vying for ownership of the facility. Well, this week it seems as though things are beginning to move in the right direction, and things are improving for the Canadian firm’s chances of securing ownership.

It might seem strange to have a pharmaceutical company entering the gambling industry, and many wonder where this move has come from. Well, it seems as though the reason for this unexpected move is because Evan Karras, the CEO of the company, has a history in the gambling industry. He spent twenty years involved in a move to privatise the industry across Canada, and the Canadian firm vying for a share of this Greek casino signifies that Karras believes in the importance of the industry all across the world, and is looking to expand where possible.

The complex is certainly one that would appeal to anybody, with over 1,000 slots, close to 100 table games, and more than 250 hotel rooms. The partnership will increase the growth of Canada abroad, and will help draw more attention to the gambling industry here. It will also help the company to gain a foothold in other markets, which is going to help bring further success. It might seem unusual that a Canadian company wants in on Greek casino, but there are clear benefits, for both the firm, and for Canada as a whole too.

If successful, this move could open the door for plenty of other partnerships to form between Canadian businesses and foreign casinos, and vice versa. This sets an important precedent for the future, and could do a lot of good for the industry in Canada.

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