Online Casino Style - News:
A pseudo-update has become available
this week on the “new” elements to be included in the Greek draft
legislation, a statement that has disappointed the online gambling
community. The new laws proposed for the Greek Isles show little legal
innovation, and only just as much liberalization as is being demonstrated
in other parts of the European Union, dashing the hopes of internet
casinos that Greece might go above and beyond the industry standards.
Nonetheless, the complaints are coming in too loud, as foreign and offshore internet gambling companies will still have to apply for licenses; ticking off the potential host country would be a very ill-advised strategy to gain favor with its constituents. Because of Greece’s financial difficulties, the plans to legalize and regulate online casinos is moving ahead with impressive rapidity, with the first draft of the new law already making it into newspapers’ headlines.
The content that has been published offers little new for online gambling, and follows the game general outline followed by France, Denmark and Italy. The draft marks the beginning of a new phase for the bill, as it will head into full debate in Parliament this month, as politicians argue over the finer points of the already restrictive program, and make adjustments accordingly. All of the transactional processing will have to be handled within the borders of Greece, with the servers operating domestically as well. Each internet gambling company – be it a sports betting operation, internet poker or online casino – will likewise have to earn an operational license, and must launch a Greek domain name to service the customers.
to be continued in Greece Disappoints - 2
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