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November 2008

Greek Raid on UK Sportsbetting Operator

Greek authorities raid 2nd Stanleybet outlet

Stanleybet, the UK based wagering group, with operations spread all over Europe, has vowed to continue in its bid to offer its sportsbetting services to the Greek gambling market.

The announcement came after Greek authorities raided a second Stanleybet outlet in the city of Thessaloniki, only days after its other outlet was raided in the capital, Athens.

According to the Greek police, Stanleybet is operating in direct contradiction to the country's law, which gives monopolistic operating rights to the local OPAP gambling company. Stanleybet was charged with alleged illegal betting activities and had cash and equipment confiscated during the two raids.

"After a lawsuit filed by OPAP, Greek police arrested the person in charge of Stanleybet's store in Thessaloniki and seized terminals, cash and coupons," said the UK gambling company in a statement after the incident.

Stanleybet "conducted illegal betting without a permit from the appropriate authorities aiming to make monetary gain at the expense of the Greek state", said the police.

OPAP has a twenty year contract with the Greek government (originating in 2000), whereby it holds exclusive betting rights in the country, including any new games and operations. It is only natural that the government is keen to hang onto this monopoly as any concessions go straight into state coffers.

However, Stanleybet is adamant that the monopoly goes contrary to European Union law and has vowed to fight what it considers unfair legislation that does not offer Greek citizens a fair gambling market.

"We are determined to defend a regulated and fair sportsbetting market in Greece," said Stanleybet.





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Story Highlights »
  • Local OPAP gambling company has a monopoly says Stanleybet
  • Stanleybet claims that the monopoly is contrary to European Union law

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