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Betting companies in Cyprus Protest OPAP
Tuesday March 31,2015 : CYPRUS BETTING FIRMS PROTEST O.P.A.P. MONOPOLY
CBCA formed with OPAP advantage the top agenda item.
Betting companies in Cyprus fed up with the advantages held by Greek-Czech gambling monopoly OPAP have formed an association with overturning the monopoly top of the agenda.
Early members of the new Cyprus Betting Companies Association include Bet on Alfa, Fair Champions Meridien, Cy Bet and Megabet Plus, reports the Cyprus Mail.
The companies are intent on ending OPAP's monopoly on lottery number games, claiming that the current system hurts competition and goes against EU fair trade practices.
CBCA chairman Akis Avraamides said at a press conference launching the new trade association that politicians are procrastinating on the issue and that OPAP’s status should have been abolished long ago.
“We demand an end to the monopoly and preferential treatment OPAP receives from the state. This is now a public company and it’s owned by Czechs,” Avraamides said, appealing to legislators for laws that ensure fair competition.
OPAP was sold in 2013 to the Czech-Greek consortium Emma Delta Hellenic Holding Limited.
Through a bilateral agreement signed by Cyprus and Greece, OPAP is the only company allowed to run lottery games on the island, and the betting companies argue that since the Greek state is no longer a shareholder, OPAP’s special status should be abolished.
“Betting companies invest millions, give large sums back to the state, pay taxes, open up job posts and much more,” said Avraamides, adding that opening up competition would attract many more investors, and would help eliminate illegal operators.
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.
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.<
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