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Online Betting Companies Leave Greece

Many of the major on-line gambling corporations are leaving the Greek market, yet others continue to operate in their stead along with the government is bracing itself for a key legal battle ahead with genuine on the web gambling corporations too as over the terms of sale of state-run betting agency OPAP.

Various large organizations have decided to leave the Greek market for very good following the current publication of a list of 401 on line betting websites that do not have an operating license in Greece.

William Hill, one particular with the biggest online bookmakers on the planet, as an example, says on its web page that it’s no longer accepting bets from Greece. Other corporations which have taken the exact same decision are the pretty well known Betfair, Sportingbet, Bet365 and VistaBet, though the latter 3 have overcome the obstacles by referring gamers from Greece to other, affiliated internet websites.

Having said that, it does not appear like on line gambling is going away in its entirety anytime quickly, as a number of web pages continue to operate despite legislation and the danger of heavy fines, for instance 888sport, 10Bet and King Solomons Casino.

Law 4002/2011 tends to make licensing for online gambling harder and foresees hefty penalties for infringements, but with no the cooperation of telecom providers, banks, police and judicial authorities, it appears unlikely that the phenomenon might be curbed. It’s positive even though that this government seems to become taking it seriously.

The government’s determination to wipe out on the net betting has primarily meant war with corporations giving these solutions and two suits have already been filed against the government in the European Commission’s Competition and Internal Markets directorates and a single at the Greek Council of State, the country’s highest administrative court. The European Commission’s internal markets and solutions commissioner, Michel Barnier, is examining sending Greece to court if Parliament approves an amendment granting OPAP exclusive on the net betting rights. Companies argue that the Greek government is in violation of neighborhood regulations and is looking to enhance OPAP’s profile in view of its privatization. They also argue that such tactics will not bring about the eradication of on-line gambling as providers will normally uncover solutions to slip via the nets of justice.

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