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ONLINE GAMBLING IN GREECE TO BE LICENSED BY 2011
Posted 1/23/11: 50 licenses envisaged, says official
The Reuters news agency reports that the Greek government is pressing ahead with its plan to open up and license the online gambling sector in an initiative that will see the award of 50 licenses and implementation before the end of this (2011) year.
There are also plans to allow thousands of low-stake videolotto (VLT) gaming machines by the end of the year, an unnamed senior government official told Reuters anonymously this week.
There has been no official reaction from the government yet.
Reuters notes that opening up internet gaming will be a major step for the debt-ridden country, which hopes to get hundreds of millions of euros in extra revenues. The move will also put it back in line with EU regulations and allow it to stop paying hefty fines.
"The bill is expected to be voted within the first quarter of the year," the official, who has direct knowledge of the government plans, said. "Our aim is to tender the licenses by the end of the year."
He said that Greece aims to reap over Euro 700 million ($949 million) from new gaming licenses and royalties this year as part of the EU/IMF bailout plan that saved it from bankruptcy last year. It has earmarked another Euro 625 million for 2012.
The country had struggled to crack down on unlicenced gambling, estimated at about Euro 4 billion a year, since it imposed a blanket ban on gaming machines in 2002. Betting monopoly OPAP, in which the state has a significant stake, and slot machines in casinos were excluded from the ban.
The official did not say what the duration of the new betting licences or the payout would be. Referring to the VLTs, the source added that there would be a limit on wagers.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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