Some Online Gambling Firms Leaving Greece
Country Released Long Blacklist Last Month
The online gambling situation in Greece is becoming increasingly interesting.
Late last month, Greece released a list of 401 blacklisted online gaming sites. The names on the list included PartyPoker.com and 888Poker.com. The country is not trying to ban the activity, but instead trying to control where its citizens place their wagers.
The situation stems from the state wanting to make sure the Greek Organisation of Football Prognostics S.A (referred to as OPAP), of which it owns about a third of, has exclusive rights to offer web betting within its borders, instead of letting foreign firms on the black list participate as well.
The OPAP already has a monopoly on brick-and-mortar betting in the country.
Some feel that Greece’s approach is very problematic and ineffective.
According to reporting from ekathimerini.com, “Law 4002/2011 makes licensing for online gambling harder and foresees hefty penalties for infringements, yet without the cooperation of telecom providers, banks, police and judicial authorities, it seems unlikely that the phenomenon will be curbed.” In other words, illicit betting will still occur.
The online gambling move has prompted a very complex legal battle, but that hasn’t stopped some companies — such as powerhouses William Hill and Betfair — from abandoning ship in the country’s cyberspace. Others, though, are deciding to continue operating as the legality of the Greece regulatory system is ascertained and challenged.
|1||Three Years Later, Blair Hinkle Finally Receives His Missing $1 Million In Full Tilt Poker Money|
|2||Man Loses $500K On Super Bowl, Sues Casino|
|3||Poker Strategy With Ed Miller: Three Great Small Stakes Plays That Fail In Tougher Games|
|4||George Lopez Arrested For Drinking Way Too Much And Passing Out On Casino Floor|
|5||Chris Moorman Wins The 2014 World Poker Tour L.A. Poker Classic|
|6||Chris Moorman Headlines WPT L.A. Poker Classic Main Event Final Table|
|7||2014 World Poker Tour L.A. Poker Classic Main Event Builds $5.1 Million Prize Pool|
|8||U.S. Lawmaker Wants To Ban Online Poker|
|9||Poker Hand Of The Week: 3/6/14|
|10||New Jersey Online Poker Event Sees Huge Field|
|1||Chan Pelton Banned From All World Series of Poker Events and Properties After Taking Single Tournament Chip|
|2||Three Years Later, Blair Hinkle Finally Receives His Missing $1 Million In Full Tilt Poker Money|
|3||Man Loses $500K On Super Bowl, Sues Casino|
|4||High-Stakes Online Poker: Poor February Puts Blom Back In The Hole Lifetime On Full Tilt Poker|
|5||Police Arrest Two For Allegedly Using Fake Poker Chips At Maryland Casino|
|6||Crazy Gambling Stories From February|
|7||NBC National Heads-Up Poker Championship Not Running In 2014|
|8||Poker Strategy With Ed Miller: Three Great Small Stakes Plays That Fail In Tougher Games|
|9||George Lopez Arrested For Drinking Way Too Much And Passing Out On Casino Floor|
|10||Q&A With 2013 World Series of Poker Main Event Runner Up Jay Farber|