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

Wednesday, February 12th, 2020

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

Numerous online gaming websites are taking 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 would be putting it much too lightly. As Greece attempts to transition in to a system where players can enjoy gambling that is online at a site that’s partially owned by the Greek government, they’ve also taken steps to block other internet sites from operating there. Even though not every major gambling site has fallen victim for 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 difficult to parse, and be seemingly designed to ensure a monopoly for the Greek Organization of Football Prognostics S.A. (called OPAP in Greece). The federal government owns 34% for the firm, and OPAP holds a monopoly that is complete land-based casino gambling within the nation. OPAP has also a monopoly that is virtual online gambling until 2020 under Greek law, which states that only OPAP can offer many online gambling games.

Strangely enough, other companies can submit an application for and receive licenses for online gambling if they would like to do so. However, those licenses only allow them to offer ‘casino-type games of possibility, the results of that are not provided by a random number generator as in poker tournaments.’ Many commentators have noticed that this is usually a strangely worded restriction, helping to make it hard for operators to understand what if anything they can allow players to relax and play under a Greek license. [more…]