Greek Regulator Struggles To Monitor Online Gambling Activity

GREEK REGULATOR STRUGGLES TO MONITOR ONLINE GAMBLING ACTIVITY

12th January, 2016 at 19:26:28
Source: http://www.azonlinecasinos.com

Hellenic Gaming Commission acknowledges its inability to monitor temporarily licensed online gaming operators in the Greek market.

With the Greek government champing at the bit to introduce a new online regulatory and licensing regime (see previous reports) the Hellenic Gaming Commission this week made the surprising admission to Parliament that it is unable to perform the necessary monitoring of temporarily licensed Internet gaming companies in Greece.

The newspaper Ekathimerini reports that the regulator acknowledged that it is not able to check the 24 betting service suppliers as long as they have the temporary licensing status granted to them in 2012.

The newspaper additionally notes that Alternate Finance Minister Tryfon Alexiadis also admitted on Thursday that the Greek state does not and cannot carry out any form of inspection on operator servers, which are located in countries outside the European Union.

Revised online gambling regulations may well seek to tighten up regulatory oversight in Greece, political and industry observers have suggested.

Related News Tags:



« News index »



LAND CASINO INVESTOR BUYS MOBILE APP COMPANY

20th March, 2017 at 07:18:24
Is Amax planning on expanding its land asset?

OPAP UPGRADE CORE SERVICES

01st February, 2017 at 22:05:07
With Playtech, BetGenius and Novomatic.

CYPRUS AUTHORITIES TURNING UP THE HEAT ON INTERNET GAMBLING

29th November, 2016 at 06:40:03
National Betting Authority reports that around 2,500 illegal gambling websites are currently being ISP-blocked.

PMU AND HELLAS IN HORSE RACING POOL BETTING JV

28th November, 2016 at 14:03:47
Joint venture betting offer on French horse races.

BETRADAR SCORES OPAP DEAL

24th October, 2016 at 09:12:01
Sports betting data and analytics provider to supply major Greek online and land betting group.