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The history of gambling in Greece dates back see more antiquity and developed until it has become an important online casinos greece of the local economy.

Currently, casino gambling on the territory of the country is aimed primarily at tourists. On the other hand, web-based gambling activities has become increasingly popular over the last few years. Contemporary Greece has created facilities for tourism related to gambling and regulates the market through the competent authorities.

According to Greek laws, gambling is online casinos greece inside casinos only. All online casinos greece of betting and gambling outside of a casino environment is strictly prohibited and criminalized by local legislation. As mentioned above, gambling in Greece is permitted when provided in the casino venues, but not outside this online casinos greece. Currently, there online casinos greece eight proper casinos on the territory of the country.

Most of them are located on the islands, and especially on Rhodes and Corfu, which are some of the most attractive tourist destinations in Greece. On the other hand, the country online casinos greece set a different regime when it comes to lottery and sports betting operations. Up to date, the exclusive rights to all lotteries and sports see more activities on the territory of Greece are online casinos greece held by a company called OPAP.

OPAP was created inand online borgata nj gambling a publicly-traded entity in Currently, one-third of it is state-owned, while another one-third was acquired by foreign investors in online casinos greece OPAP has inked a contract with online casinos greece Greek Government, according to which it is to own the exclusive rights for all sports betting and lottery operations until and for casino gaming, respectively.

This makes the regime of sports betting and lottery activities monopolized. This is the law, which provisions set the rules and conditions under which all gaming and gambling services are online providers slots to be offered by operators in Greece.

It consists of nine members, who are directly appointed by the Minister of Finance. Online casinos greece authority was provided with the responsibility to regulate each and every gambling activity in Greecewhich makes its part in the local gambling industry extremely important.

After the Gambling Act of was adopted, foreign operators were admitted for licensing. However, there is not a large number of such companies that are willing to open casino venues in the country because of the fact there are no clear procedures on the matter of licensing procedures.

This additional tax rate even became the reason why some foreign companies sued the country. Inthe European Union made an unfavorable decision for Greece, which Government is now considering ways to change these rules.

Online gambling essay is no legal definition of gambling in the law, but the legal definition of the term could online casinos greece partially extracted from Article http://dianysconsulting.info/gala-casinos-limited.php 1 a.

As mentioned above, gambling outside of casinos is not permitted. The measures taken by the Greek authorities are considered as part of their efforts to gradually diminish and eliminate the negative effects of gambling over children and people prone to developing gambling addictions. That is why in Online casinos greece passed a law see more prohibited all forms of electronic gaming.

For several years, Greece, like other state-members of the European Union, has been pressed to open its gambling market for foreign online gambling operators.

Despite the fact that the Government online casinos greece the accusations of protectionism to heart and some progress has been made in the area, the accusations still remain. The laws of the country on the matter were altered and relaxed since then, but games of any kind are still not permitted when offered in public places. Greece issued the Gambling Act ofwhich in theory legalized online gambling. Currently, online gambling services in the country can be provided by licensed legal entities.

Companies that are registered in Greece and have regularly paid taxes on their profits, are allowed to operate on such activities. Games of chance can be provided by a certain company only in case it has been granted with a special licence for such activities. Under the Gambling Act ofthe Greek Government issued two dozen interim licenses to several gambling operatorsincluding some of the largest and most popular ones in the world such as Betfair and William Hill.

The country, however, is still inclined to follow the regime of monopoly that is imposed in some sectors of the industry. The Greek Ministry of Finance started preparing some proposals that would help it monopolize the online gambling market in favor of the locally-based operator OPAP. The latter already holds a monopoly over the sports betting and lottery industries in the country and has been severely criticized.

The Greek Government has been pushed to revise its policies related to online gambling after a ruling by the European Court of Justice. Until that happens, the local citizens should better rely on the big international gambling websites that see more in the online casinos greece and accept Greek players.

Friday, October 6, Greece Online Casino Guide.


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