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GREEK DRAFT LEGISLATION ON INTERNET GAMBLING

Proposed regulatory regime similar to other European nations

The Greek government, perhaps motivated by the nation's severe economic problems and the need to raise tax revenues, is pressing ahead with remarkable speed in its plans to specifically legalise and regulate online gambling .

Making the news pages in the Greek media is the release of the first draft of the proposed legislation, which judging by the reports, offers little that is new, following the general course set by other European nations such as France, Denmark and Italy.

The proposal, which will be the subject of political debate in parliament this (September) month, includes provisions which require providers of sports betting, internet poker or online casino services to residents of Greece acquire licensing, setting up servers and transactional processing in-country and operating under a Greek domain name.

Punitive and precautionary measures envisaged include ISP blocking of foreign and unlicensed websites, and a requirement that Greek financial institutions interrupt any 'illegal' online gambling transactions with Greek citizens.

Licensing remains open to argument in the Greek parliament, with the draft suggesting licenses of five year duration but leaving the strategic decision to the politicians, which could see a perpetuation of the OPAP monopoly, or a more open and competitive system, albeit with regulatory restrictions.

A target date for implementation of May 2011 is being considered. The gambling market in Greece is estimated to be worth about Euro 5 billion in taxable revenues.

In related news, the Spanish Official State Gazette has published the Betting and Gaming Act of the Autonomous Community of the Canary Islands, which establishes a new regulatory framework for Internet gambling .

The new law was passed unanimously by the Parliament of the Canary Islands, repealing the previous restrictive 1999 Act, and provides that the opening of bingo in the Canary Islands must be subject to a public tender along with casinos, horse tracks, dog tracks and pelota courts. Licenses will have a 10 year duration.

The new legislation extends the regulatory framework for interactive television and Internet betting, which make up more than 15 percent of the gaming revenue in the Canaries, and is valued at Euro 1.6 billion. This is more than 3.5 percent of regional GDP.

And in Hungary, the newspaper Nepszava reports that national gambling association officials are increasingly concerned at the activities of foreign online gambling operators in the country, and have called on government to introduce regulation that would keep internet gambling under the control of the state, stopping the outflow of revenues to offshore companies.

Although under current regulations it is not illegal to advertise internet gambling services in Hungary, residents of the country are not permitted to gamble online, but many thousands do so regardless.

The gambling association wants more effective regulations against such services, which they claim could keep up to $66.8 million in Hungary.

International gambling companies, many of which are registered in tax havens, pay their taxes in their "home country", so Hungarian gamblers' money contributes to that country's budget, the association points out.

There are claims that an estimated 300-600,000 Hungarians are regular users of international gambling services, and the association proposes that only Hungarian companies with local management, operating for at least ten years in the field, should be allowed to offer such services.



Gambling News :

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

NY Rangers vs. Devils on 12/21 - When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.

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