Greece may open online betting market in 2011
OPAP chief executive Ioannis Spanoudakis said in an earnings call on Friday: “With regards to online gaming regulation, the government has already engaged with us in discussions. A legislation that has been applied in France and Italy and in other European areas is most likely to be the kind of guiding regulations that the Greek government will be basing its framework on.”
Spanoudakis said he expected the Greek government this month to produce a draft law “for public debate and submission…to the European authorities,” and that he anticipated OPAP being licensed to offer sports bets online into the market by May 2011.
“We expect that by this time next year we will have completed the [legal] process. But that again is an indication and expectation from our side. We expect the official government announcement,” said Spanoudakis.
Greek monopoly OPAP has a land-based network of 5,000 outlets. Leading operators in the country’s offshore egaming market include Sportingbet, Betfair, Bwin and William Hill Online. The Greek government has not yet given any indication as to how many licences will be made available to private operators.
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