It’s All Greek When It Comes to Grecian Online Gambling Now
Many gaming that is online are using issue with Greece’s new obscure, complex and unfriendly Internet gambling laws for operators
The online gambling landscape in Greece is in a state of flux and that could be placing it way too lightly. As Greece attempts to transition into a system where players can enjoy gambling that is online at a website that’s partially owned by the Greek government, they’ve also taken steps to block other sites from operating there. Even though its not all major gambling site has fallen victim for this tactic, some are making preemptively rather that worry about exactly what the long term holds there.
Confusing Gambling Laws
Greek online gaming laws are notoriously tough to parse, and seem to be made to ensure a monopoly for the Greek Organization of Football Prognostics S.A. (referred to as OPAP in Greece). The federal government owns 34% of this firm, and OPAP holds a complete monopoly on land-based casino gambling within the nation. OPAP also has a monopoly that is virtual online gambling until 2020 under Greek law, which states that only OPAP can provide most online gambling games.
Strangely enough, other programs can apply for and receive licenses for online gambling if they would like to do so. Nonetheless, those licenses only allow them to offer ‘casino-type games of opportunity, the results of that are not provided by a number that is random as in poker tournaments.’ Many commentators have pointed out that this may be a strangely worded limitation, helping to make it difficult for operators to know what if anything they can allow players to play under a Greek license. (more…)