It’s All Greek When It Comes to Grecian Online Gambling Now

It’s All Greek When It Comes to Grecian Online Gambling Now

Many gaming that is online are using issue with Greece’s new vague, complex and unfriendly Internet gambling laws for operators

The gambling that is online in Greece is in a state of flux and that could be placing it much too lightly. As Greece tries to transition into a system where players can enjoy gambling that is online at a site that is partially owned by the Greek government, they’ve also taken steps to block other sites from operating here. Even though its not all major gambling site has fallen target to this tactic, some are leaving preemptively rather that worry about what the long term holds there.

Confusing Gambling Laws

Greek online gaming laws are notoriously hard to parse, and seem to be designed to ensure a monopoly for the Greek Organization of Football Prognostics S.A. (known as OPAP in Greece). The us government owns 34% of this firm, and OPAP holds a monopoly that is complete land-based casino gambling within the country. OPAP comes with a digital monopoly on online gambling until 2020 under Greek law, which states that only OPAP can provide many online gambling games.

Strangely sufficient, other companies can apply for and receive licenses for online gambling if they would like to do so. However, those licenses only allow them to supply ‘casino-type games of chance, the results of which are not provided by a random number generator as in poker tournaments.’ Many commentators have noticed that it is a strangely worded restriction, making it hard for operators to learn what if any such thing they could allow players to relax and play under a Greek license. Continue reading