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Regulating Greece's Online Casinos

Dare we hope that Greece is coming closer to ending the controversial state-run online casinos gambling monopoly? The European Commission, and specifically Commissioner Charlie McCreevy, are really beginning to pressure the EU member-states in violation of EU policy to make the needed changes to come into compliance. According to previous reports, the Greek government has not responded favorably to the negotiations with the Commission, but now that the Commission is sending final notices to the violating countries, many are taking note that Commissioner McCreevy is serious about ending the EU state-run online casinos gambling monopolies.

Greece is one of the roughly ten EU member-states that operates an online casinos gambling monopoly, but recent reports indicate that next week’s meeting between Commissioner McCreevy and the Economic Minister in Greece, George Alogoskoufis, could lead to new legislation and regulations in the nation. OPAP is the current monopoly in the state, and the regulations on financial institutions only allow for the state-run monopoly to offer betting and online casinos gambling.

As a way to avoid prosecution from the European Court of Justice, some media sources have noted that the Greek government may very well negotiate new legislation with the European Commission that involves regulation of the Greek online casinos gambling industry rather than the banning of foreign gambling companies. This latest turn of opinion from Greece comes at the same time that several other nations in violation of EU policy are also planning to affect a positive change that will bring them into compliance.