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OPAP sets the police on Stanleybet

The Greek gambling monopoly OPAP wasted no time this week in actioning a threat by its CEO to take legal action against Stanleybet's new betting shops in the country. Barely a week after the shop doors were opened the local police raided the premises, arrested two employees and confiscated gambling machines and equipment, according to Dow Jones news reports.
 
Earlier this month OPAP Chief Executive Christos Hadjiemmanuil told the Reuters news agency that this was the first time that anyone had challenged his firm's monopoly, and that he would be initiating legal action.
 
Police officials confirmed that the raids were carried out after a complaint was received from OPAP that the new StanleyBet operations were conducted illegal betting, without a permit from the appropriate authorities and with the goal of monetary gain at the expense of the Greek state.
 
StanleyBet International has defended its right as a company in a European Union nation to offer gambling services without hindrance to the citizens of another EU nation, and will undoubtedly contest the issue. The organisation has substantial resources, with over 1 400 outlets in Belgium, Croatia, Romania and Poland.
 
When it set up the betting shops, a Stanleybet statement said: "According to articles 43-49 of the European Charter, Stanleybet International has the right to offer its services to the European Union member states, even if a member state sets monopolistic barriers."
 
OPAP will be no pushover - the group operates some 5 500 outlets in Greece and Cyprus which produced sales of Euro 5 billion last year.
 
Dow Jones reports that Greece is a lucrative gambling market, with Greeks forking out several billion Euros a year on soccer bets and lotteries, in casinos and at the racetrack.

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Gambling News :

Is Gibraltar Out of Luck in US Tax Challenge - Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.

Quickspin are now available in Denmark - #quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.

UCypher Launches - Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.

Extreme Live Gaming In deal With Betsson - Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.

Expansion Mode For BoyleSports - The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..

Safecharge Q4-2016 - Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.

ASA Most Controversial Ads of 2016 - Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.

Yggdrasi To Enter Italian Gambling Market - Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.

888sport is the latest to join sports betting integrity body ESSA - Major operator 888sport is the latest to join sports betting integrity body ESSA with the company adding its customer base and betting market platforms to ESSA’s global anti-fraud alert and reporting system.

First partypoker live event to be held in Russia - Partypoker’s new live tour will kick off in Russia on March 24, 2017 at Sochi Casino and Resort in association with Club Poker Management. Online Day 1’s will start on partypoker on March 12, 2017.

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