iGaming Business – The Remote Gambling Association (RGA) has aired its concerns over the current Greek online gambling regime and called for the introduction of an “open, regulated and fairly taxed market” in the country.
The criticism comes just days after the country’s betting monopoly was declared legal by a ruling of the Greek Council of State.
In response to the ruling, the RGA said that a market that is open to multiple licensees would not only help protect customers under a national licensing system but also allow the Greek government to benefit from taxation paid by licensed operators.
Greek authorities partially opened up the online gambling market in 2012 by allowing 24 European Union-licensed operators to provide legal internet sports betting in the country, a decision that is estimated to generate €50 million ($66 million) in gross gambling revenue for the state this year.
However, national authorities now intend to close down the operators and create an online sports betting monopoly for national gambling firm OPAP, which was recently awarded the country’s sole horserace betting licence by the Hellenic Republic Asset Development Fund.