BUSINESS

Watchdog concedes it can’t monitor online gaming

VANGELIS MANDRAVELIS

TAGS: Business

The Hellenic Gaming Commission (EEEP) this week conceded in a statement issued to Parliament that it is unable to perform the necessary monitoring of temporarily licensed Internet gaming companies in Greece.

EEEP admitted that it is not able to check the 24 betting service suppliers as long as they have the temporary licensing status granted to them in 2012.

Alternate Finance Minister Tryfon Alexiadis also admitted on Thursday that the Greek state performs no kind of inspection on the suppliers’ servers, which are in fact located in countries outside the European Union. He further acknowledged that the state has very poor takings from the activity of those companies, amounting to no more than 20,000-30,000 euros per annum, which is why he said he is in favor of the permanent licensing of those betting companies.

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