Greek Regulator Struggles To Monitor Online Gambling Activity

Hellenic Gaming Commission acknowledges its inability to monitor temporarily licensed online gaming operators in the Greek market

With the Greek government champing at the bit to introduce a new online regulatory and licensing regime the Hellenic Gaming Commission this week made the surprising admission to Parliament that it is unable to perform the necessary monitoring of temporarily licensed Internet gaming companies in Greece.

The newspaper Ekathimerini reports that the regulator acknowledged that it is not able to check the 24 betting service suppliers as long as they have the temporary licensing status granted to them in 2012.

The newspaper additionally notes that Alternate Finance Minister Tryfon Alexiadis also admitted on Thursday that the Greek state does not and cannot carry out any form of inspection on operator servers, which are located in countries outside the European Union.

Revised online gambling regulations may well seek to tighten up regulatory oversight in Greece, political and industry observers have suggested.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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