FA L L I N G I N T O L I N E F E A T U R E
GREECE
A D U LT POPULATION
10.7 m
OPAP monopoly plans to roll out online casino and poker via a joint venture – imminent announcement as to which company has won the tender to provide the software/ exact legislation yet to be clari?ed.
TAX MODEL:
30%
GPT ACROSS ALL PRODUCTS
PRODUCTS ALLOWED/BANNED:
ESTIMATED TAX TAKE FIRST FULL YEAR OF REGULATION:
(SOURCE: H2)
€48.8m
"Deal being cut for the sale of government's stake in OPAP. Government attempting to strike a deal where it has an advantage but once it sells stake things could change." (H2)
DEAL:
GREECE & CYPRUS
played directly over the internet. Instead they are played through terminals and connected via OPAP’s central system. Gambling regulations in Cyprus have been intrinsically linked Unsurprisingly, the new law has met with stiff and often to Greece ever since an interstate agreement was signed in violent opposition from Cypriots and operators alike. OPAP’s 1969 and later renewed in 2003, allowing Greek monopoly retail outlets have been subject to a series of arson attacks, operator OPAP to offer its games on the island. However, last likely instigated by consumers angry at the government’s month, when the Cypriot House of Representatives approved perceived failure to broaden competition; police were even legislation that would regulate ?xed-odds sports betting but drafted in to guard all 168 OPAP betting shops in the country. ban all other forms of online gambling, the two countries Lawyer Olga Georgiades calls became even closer. Cyprus’s new regulations “?awed”, The move to ban private operators explaining that the agreement allowing from offerin r????Rv?W2?b6??6R??( ?27?&??B7V'6?F?'?F??ffW"?B??W"?66???v?W2?BW?6??vR( ?D?U????$RTddT5D?dTŒGfW'F?6R?G2v?W2V?6???V?vVB?2&WGF??r?2??RF?BV6??W2?F?W"????r?????Œt??4??WFFFVB2?Bv26?v?VB&6VB???BWW&?V?v?fW&??V?G>( ?GFV?G2F??2%$T4???rD?R&V??r7FFR??v?VB?W&F?"?v??6??26??&Bv?&??r?&V?FVB7&??R?'WB?????vW"F?R66R??v???&V6??RF?Rw&VFW7B6??G&?fW'7??2&VV?4??UD?D???%T?U2?bgV??&?fF?6VBF??2?V"6??V?B#?RF?R&??6?( 2V?FW"F?RFW&?2?bF?RD?RUU$?T?T????d?"7FFR??v?VB7F?R&R6??B2???VB?FV6FW2???B&??FW&?w&VV?V?B( 2F??Vf??rF?Rv?fW&??V?B?v???r?W7BRR?W?6?VFRw&VV????????g&?????U5D?d?TB$T4??( ?( ???rF?R???&?G?&V???w2F?&?fFRF?R&?????Vf??r?B2F?R?6??N( ?2???V?F?F?W2?BF?W6?( ?B??R6V?6RF??fR?Vv??W&F?"???vvV?&v?FW2??w?W"F??2???B?bw&VV?V?B?( ?vV?&v?FW2?( ?2F????6R??7?'W2?26?2?( ??( ?2v?W2&R?FR'??gFV?&VV?VW7F???VB'WB??rf6W2&?fFR7W?W'2F?B&R6??WF??rgW'F?W"67'WF????F?R?W&F?"?ffW'2v?F?6????W2F?B?fR&VV?&??VB?v?W2?b6??6R??6?VF??r??GF??F?W?&RVffV7F?fV?????r??????v??6??2'&V6???r&?F??B?????'WB6???2F?BV???RV??6V?6VBVv??rF?R6??WF?F???'V?W2?bF?RWW&?V?V????f?"???W7F???VB?W&F???2??7?'W2?gFV???7FVB???V?v?&?W&???B6??2?&V6???F?W?&R&?FV7F??rF?R???????b??( ?F?W6RF???Bf??V?FW"7W'&V?B&VwV?F???2F?W?&R??@??3 ??wwr?Vw&?v???R?6????