It’s All Greek When It Comes to Grecian Online Gambling Now
Many online gaming websites are using issue with Greece’s new vague, complex and unfriendly Internet gambling laws for operators
The online gambling landscape in Greece is in a state of flux and that would be placing it much too lightly. As Greece attempts to transition into a system where players can enjoy online gambling only at a site that is partially owned by the Greek government, they’ve also taken steps to block other web sites from operating here. And while not every gambling that is major has fallen victim for this tactic, some are leaving preemptively rather that worry about exactly what the long run holds there.
Confusing Gambling Laws
Greek online gaming laws are notoriously tough to parse, and appear to be made to ensure a monopoly for the Greek Organization of Football Prognostics S.A. (referred to as OPAP in Greece). The government owns 34% for the firm, and OPAP holds a complete monopoly on land-based casino gambling within the country. OPAP also has a digital monopoly on online gambling until 2020 under Greek law, which states that only OPAP can provide most online gambling games.
Strangely enough, others can submit an application for and receive licenses for online gambling if they wish to do so. Nonetheless, those licenses only allow them to provide ‘casino-type games of possibility, the outcomes of that are not provided by a number that is random as in poker tournaments.’ Many commentators have pointed out that this is often a strangely worded limitation, making it difficult for operators to know what if such a thing they are able to allow players to relax and play under a Greek license. (suite…)