It’s All Greek When It Comes to Grecian Online Gambling Now
Many online video gaming websites are taking issue with Greece’s new obscure, 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 too lightly. As Greece attempts to transition as a system where players can enjoy online gambling only at a website that is partially owned by the Greek government, they’ve also taken steps to block other web sites from operating here. Even though not every major gambling site has fallen victim for this tactic, some are making preemptively rather that worry about just what the future holds there.
Confusing Gambling Laws
Greek online gaming laws are notoriously hard to parse, and appear to be made to ensure a monopoly for the Greek Organization of Football Prognostics S.A. (known as OPAP in Greece). The federal government owns 34% for the firm, and OPAP holds a complete monopoly on land-based casino gambling in the country. OPAP has also a digital monopoly on online gambling until 2020 under Greek law, which states that only OPAP can offer many online gambling games.
Strangely enough, others can submit an application for and receive licenses for online gambling if they wish to do so. But, those licenses only allow them to offer ‘casino-type games of chance, the results of that are not provided by a random number generator as in poker tournaments.’ Many commentators have remarked that it is a strangely worded restriction, which makes it difficult for operators to learn what if such a thing they could allow players to play under a Greek license. Continue reading “It’s All Greek When It Comes to Grecian Online Gambling Now”