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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

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

The online gambling landscape in Greece is in a state of flux and that might be putting it too lightly. As Greece attempts to transition into a system where players can enjoy online gambling only at a website that’s partially owned by the Greek government, they’ve also taken steps to block other sites from operating there. And even though not every major gambling site has fallen victim to this tactic, some are leaving preemptively rather that worry about exactly what the near future 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% of this firm, and OPAP holds a monopoly that is complete land-based casino gambling into the country. OPAP comes with a digital monopoly on online gambling until 2020 under Greek law, which states that only OPAP can offer most online gambling games.

Strangely sufficient, other companies can apply for and receive licenses for online gambling if they would like to do so. But, those licenses only allow them to provide ‘casino-type games of chance, the outcomes of that aren’t provided by a number that is random as in poker tournaments.’ Many commentators have remarked that this is often a strangely worded restriction, helping to make it hard for operators to learn what if such a thing they could allow players to play under a Greek license. (more…)