The gambling situation in Greece is, at this point, truly one-of-a-kind. Casino gambling is permitted, but very strictly ruled and regulated. All casino gambling must be done in brick and mortar casinos and is subject to punishment elsewhere.
There are just under twenty casinos in operation in Greece, most of which are located on a few of the country’s many islands. This being the case, it becomes obvious that the country’s gambling industry is aimed at the thousands of tourists that visit the nation every year.
Greek gambling law faces lotteries and sportsbetting in another manner entirely. These forms of gambling are permitted to all resident of the nation in a much less exclusive manner. Though sportsbetting and lotteries are much more accessible, but are at the same time part of a massive monopoly. OPAP controls this market since 1958 and will continue to until 2020. The Greek government controls one third of OPAP.
Internet gambling in Greece is strictly forbidden in all of its forms. As a matter of fact, chess and other popular online games have been publicly banned in order to keep online gamblers from accessing any kind of gaming sites.
Though this may be the case, there are still companies based in Greece that work in the gambling market. One such company, Intralot, has recently made very big news. Intralot is an Athens-based developer and supplier of gaming and transaction processing systems. This lucky Greek company has just signed a major deal with Sisal, one of the leading gaming operators in the Italian Market.
If the Greek government were to embrace online gambling and permit citizens to play at online casinos in Greece, they would stand to make quite a profit. Turning to internet gambling would be a good move for the government which, frankly, could use a revenue boost in these hard times.