..

Sportingbet Partner Wants Greece Online Gambling License

Written by:
Aaron Goldstein
Published on:
Oct/13/2010
Greece Online Gambling

An online gambling firm, Centric, is in the process of bidding for a Greece license to operate.  Centric is the Greek partner of Internet gambling powerhouse Sportingbet, which recently entered into a non-prosecution agreement with the United States over its activities there throughout much of the past decade. 

Like in the United States, online gambling is illegal in Greece, however, the $3 billion industry is thriving in the country.  A few dozen companies operating legally from other EU nations accept bets from those living in Greece.

Centric anticipates getting a license in that nation.

"Centric, as a partner of Sportingbet for Greek clients, will definitely make a bid," Vassilis Neiadas, Deputy Chairman of the company, said in an interview on Tuesday.

"If a Greek-owned firm listed on the Greek bourse, which declares 760 million euros sales to the state...can't get a licence, then who can?"

Greece plans to open up the online gambling sector next year as a means of raising cash for its struggling economy.  – Aaron Goldstein, Gambling911.com 

Gambling News

Bookies Guide to Sharps and Squares

Bookies Guide to Sharps and Squares

When running an online sportsbook it is important to understand the difference between the two key types of players: Sharps and squares.

Bragg Gaming Launches With Betway

Bragg Gaming Launches With Betway

ORYX Gaming, a Bragg Gaming Group company ( TSXV: BRAG, OTC:BRGGF ), announced today that its entire RGS portfolio has gone live with leading global online sports betting and casino operator Betway via their market-leading ORYX Hub platform. Betway is licensed in several key jurisdictions. 

Payments Crucial to Ongoing Growth of US Online Sports-Betting Market

Payments Crucial to Ongoing Growth of US Online Sports-Betting Market

Quickly and easily receiving payouts of winnings is the most important factor for U.S. sports bettors when selecting an online sportsbook, and prioritized by 37% of players, according to research released today by Paysafe, a leading integrated payments platform. The latest All the Ways Players Pay report also suggests that offering digital wallets and other alternative payment methods allows sportsbooks to overcome the challenge of card declines.

Record Year for NJ Sports Betting; Casinos, Not So Much

Record Year for NJ Sports Betting; Casinos, Not So Much

New Jersey took nearly $1 billion worth of sports bets in December, an encouraging finish to a year in which coronavirus closures and restrictions sent overall gambling revenue down nearly 17%.

Casino Billionaire, GOP Mega Donor Sheldon Adelson Dies

Casino Billionaire, GOP Mega Donor Sheldon Adelson Dies

LAS VEGAS (AP) — Sheldon Adelson, the billionaire mogul and power broker who built a casino empire spanning from Las Vegas to China and became a singular force in domestic and international politics has died after a long illness.

Syndicate