Wednesday Jul 23, 2014 Search
Weather | Athens
31o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Britain's Stanleybet threatens to sue Greece over gambling monopoly

British sports betting operator Stanleybet has threatened to sue Greece for lost revenue in a long-running legal battle over the monopoly of gaming firm OPAP.

Stanleybet accuses Greece of tacitly rejecting its 2004 request to offer sports betting in the country and said on Wednesday it had told the government and OPAP it will seek damages of about 240 million euros.

OPAP, one of Europe's biggest gaming companies, has a monopoly in offline sports betting and lotteries in Greece until 2030.

Athens agreed earlier this month to sell a controlling stake and management rights in OPAP to Greek-Czech investment fund Emma Delta.

"The Greek authorities seem resolved to maintain an illegal framework benefiting a company that is not 99 percent private, Stanleybet's Chief Operating Officer John Whittaker said in a statement.

"With this action (Stanleybet) is legitimately stating its intention to claim its legal rights to be compensated."

The finance ministry was not immediately available for comment.

Stanleybet and its UK rival William Hill have already brought the case to a Greek court and the trial is expected to start in October.

The European Court of Justice ruled in January that OPAP's monopoly is illegal, urging Greece to push ahead with reforms to protect consumers or open up the sector.

Greeks are among Europe's most ardent gamblers. In the face of a protracted recession in the debt-laden country, OPAP's revenues were about 4 billion euros last year.

The Remote Gambling Association and the European Gaming and Betting Association have filed a complaint to the EU Commission saying Greece is breaching EU laws by failing to authorise online betting.

[Reuters]

ekathimerini.com , Wednesday May 29, 2013 (17:11)  
Number of firms filing for bankruptcy in Greece drops
TAIPED finally finds suitors for Afandou properties
Traders say last weekend proved Sunday opening is pointless
Fight for ADMIE privatization ends
Finance Minister, MPs to finalize overhaul of party funding laws
Finance Minister Gikas Hardouvelis is on Wednesday to meet coalition MPs in a bid to finalize an overhaul of regulations governing the funding of political parties, one of five prior actions...
EU envoy sees clear progress on immigration, asylum
European Home Affairs Commissioner Cecilia Malmstrom on Tuesday expressed satisfaction at the clear progress made by Greece in the areas of migration and asylum while Development Minister ...
Inside News
TRACK & FIELD
Athens, the Marathon capital of the world for good
Paco Borao, the man who restored Athens as the Marathon capital of the world with the establishment at the Olympic Sports Center of the headquarters of the International Association of Marat...
TRACK & FIELD
Pole vault record on same day as three doping cases
Greek track and field had a mixed weekend, as on the same day as Katerina Stefanidi matched the national record in pole vault as well as the leading result in Europe so far this season, thre...
Inside Sports
COMMENTARY
Unequal after death
The dead are dead and the slain are slain, whether they are Malaysian, Dutch, Palestinian or Israeli, whether they are the innocent victims of a civilian plane that is shot down (we still do...
EDITORIAL
Chinese investment
The relationship between Greece and China has become one of major strategic importance. Beijing threw its support behind Athens during a period when the country was going through particularl...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Number of firms filing for bankruptcy in Greece drops
2. TAIPED finally finds suitors for Afandou properties
3. Traders say last weekend proved Sunday opening is pointless
4. Fight for ADMIE privatization ends
5. Strategy focuses on debt sustainability
6. Minor gains at the end of up-and-down bourse session
more news
Today
This Week
1. Unequal after death
2. Greek sovereign debt at 174.1 percent of GDP in first quarter
3. Chinese investment
4. Greeks getting better at recycling, though still Europe's laggards
5. Shares in Greek renewable energy firm drop in trade debut
6. Piraeus prosecutor investigating use of funds for building renovation
Today
This Week
1. Ex-Credit Suisse banker taps lesson for Greek rebound
2. The cost of excellence
3. Greece seen in third bailout as bonds not enough, economists say
4. Summer storms cause problems in Thessaloniki, spread across the country
5. Climber dies in Mount Olympus fall
6. Greek banks able to tap investors after stress tests, HFSF Says
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.