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Online casinos greece Greek Casinos and Gambling in Greece

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Casino Directory

The history of gambling in Greece dates back to antiquity and developed until it has become an important sector of the local economy. Currently, casino gambling on the territory of the country is online casinos greece 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 online casinos greece the competent authorities. According to Greek laws, gambling is online casinos greece inside casinos only. All types 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 environment. Currently, there are eight proper casinos on the territory of the country. Most of them are located on the islands, and especially on Rhodes online casinos greece Corfu, which are some of the most attractive tourist destinations in Greece.

On the other hand, the country has set a different regime when it comes to lottery and sports betting operations. Up slot 2014 date, the exclusive rights to all lotteries and sports betting activities on the territory of Greece are being held by a company called OPAP.

OPAP was created inand became a publicly-traded entity in Currently, one-third of it is state-owned, while another one-third was acquired by foreign investors in OPAP has inked a contract with the Greek Government, according to which it is to own the exclusive rights online casinos greece 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 allowed to be offered by operators in Greece. It consists of nine members, who are directly appointed by the Minister of Finance. The authority was provided with the responsibility to galore slots free each and every gambling activity in Greecewhich makes its part in the local gambling industry extremely important.

After the Gambling Act of online casinos greece 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 http://quinka.info/zero-deposit-home-loans-qld.php on the matter of licensing procedures. This additional tax rate even became the reason why some foreign companies sued the country.

Online casinos greecethe European Union made an unfavorable decision for Greece, which Government is now considering ways to change these rules. There is no legal definition of gambling in the law, but the legal definition of the term could be partially extracted from Article 4 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 online casinos greece people prone to developing online vegas sites gambling las addictions.

That is why in Greece passed a law that prohibited all forms of electronic gaming. For several years, Greece, like here state-members of the European Union, has been pressed to open its gambling market for foreign check this out gambling operators.

Despite the fact that the Government took the accusations of protectionism to heart and some progress play free casino online slots games been made in the area, the accusations still remain. The article source 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 online casinos greece 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, online casinos greece 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 online casinos greece 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 no minimum initial deposit stock trading the big international gambling http://quinka.info/bigdollar.php that operate in the country and accept Greek players.

Friday, Online casinos greece 6, Greece Online Casino Guide.


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