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Betfair Group plc ("Betfair") today announces that the company will withdraw from the Greek market until such time that there is greater clarity on the regulatory situation.
Betfair has, to date, not applied for a permit to operate in Greece as, according to legal advice received, the value of these permits is unclear and we consider the gambling legislation in the country to be inconsistent with European law. Furthermore, the associated fiscal conditions attached to these permits, which may include payment of taxes on historical revenues, make the market economically unattractive.
Betfair has been working with the Remote Gambling Association (RGA) to achieve legislation that allows fair competition in the market. It is disappointing, however, that the European Commission has, despite previously stated intentions to the contrary, not taken effective action to prevent protectionist behaviour.
On 5 November 2012, the Greek Gaming Commission issued a Decision that includes provisions for financial penalties and criminal sanctions against gaming operators that continue to operate in the market without a permit. Betfair believes that there are significant issues with the legality of this Decision. However, until greater clarity is received, we have taken the decision to withdraw from the market and will continue to support the RGA's efforts.
Prior to our decision to withdraw from the market, Betfair had been expected to generate £13 million of revenue and £7 million of contribution from the Greek market in the current financial year.
Betfair has, to date, not applied for a permit to operate in Greece as, according to legal advice received, the value of these permits is unclear and we consider the gambling legislation in the country to be inconsistent with European law. Furthermore, the associated fiscal conditions attached to these permits, which may include payment of taxes on historical revenues, make the market economically unattractive.
Betfair has been working with the Remote Gambling Association (RGA) to achieve legislation that allows fair competition in the market. It is disappointing, however, that the European Commission has, despite previously stated intentions to the contrary, not taken effective action to prevent protectionist behaviour.
On 5 November 2012, the Greek Gaming Commission issued a Decision that includes provisions for financial penalties and criminal sanctions against gaming operators that continue to operate in the market without a permit. Betfair believes that there are significant issues with the legality of this Decision. However, until greater clarity is received, we have taken the decision to withdraw from the market and will continue to support the RGA's efforts.
Prior to our decision to withdraw from the market, Betfair had been expected to generate £13 million of revenue and £7 million of contribution from the Greek market in the current financial year.
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Replies: 53
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3rd of december 2012 sad news for Greek traders
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i hate to be greek . now i wish i could change country
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Hello, I am Greek too, Is there any way of continue betting here after 3rd of December?
I think I can work it out with Ip changing, but what should I do about Adress verification? |
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move to a different country
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propably in a 2-3 years...! till then , I suppose I must bet on those mugs of Sporting Bet
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everybody else has so why not Betfair?
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Untill now I think 24 companies have been authorised, most of them are so small that I think only the owner places bets.
The only well known is SportingBet |
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so we can only bet until the 3rd o December...****...
What about the forum? will we have access... |
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I think yes, as the account will continue to exist, just you will not be able to place bets
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what if we hide our IP address?
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Even if we do that, I suppose we will have to send adress verification, which is NOT from Greece..
solve that problem and IP is the easy part  |
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You can spoof your IP address, but can you spoof your home address/bank account? (Assuming you win, as everyone on here -- but me -- always seems to do...
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https://www.my-private-network.co.uk/
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Only if we send our money in an account abroad...
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One solution is when you have a friend or relative abroad, and register his adress/acc bank, and you just play from Greece.
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what about cyprus? What if we open an account in the bank of Cyprus?
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I think betfair is not allowed in Cyprus too!
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**** even in Cyprus...
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At least we could use the forum....
What companies can we bet...? |
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http://www.capital.gr/news.asp?id=1405964
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Propably more companies will be authorised untill 5 of December
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no trading in these **** companies right?
AS IMG KASIINOD Β2Β GAMING SERVICES MALTA LIMITED CASH POINT (MALTA) LIMITED DIAMOND LINK LIMITED DOMS CARS EΠΕ DOMS HOLDINGS EΠΕ ELDORADO SPORTWETTEN GmbH GAMBLING MALTA Ltd GLB GmbH KINGMAKER LIMITED LOGFLEX EΠΕ LOVE 2 CELEBRATE EΠE LUCKY STREAM LIMITED MAGIC SERVICES LIMITED MERIDIAN GAMING LIMITED ON LINE AMUSEMENT SOLUTIONS LIMITED ON LINE AMUSEMENT SOLUTIONS NV PADDY POWER P.I.C. PERSONAL EXCHANGE INTERNATIONAL LIMITED REBELS GAMINE LTD SILVER LINK LIMITED SPORTING ODDS LIMITED STS SPORTWETTEN GmbH YEZ GAMING LTD. |
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Ugh...
Again: Sure you wanna get your friend in trouble if you 'get caught'? Great way to risk ruining a good friendship, if he gets his bank account closed and who knows what else. Is there a difference (in relation to using Betfair) between Greek and Turkish Cyprus? |
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The difference is Turkish Cyprus doesn't exist
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"Turkish Cyprus" is not a country. Is occupied Cyprus.
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Yeah, I know that it's not officially a country, but I was wondering how (if) that situation effects 'everyday life', so to speak.
I just thought that perhaps if you're allowed to use Betfair in Turkey (are you?), they might allow Turks in that part of Cyprus to log on as well. Technically it's easy to establish from where you're logging in, so that can't be the problem. I knew there was very little chance of it making any difference, but it was something I was curious about. Oh, well. Considering the number of Greeks in Britain, surely they all have at least one friend with a bank account? |
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imvho Betfair are a bunch of ****, with a license in GB why do they bother what a few retarded politicians in German od Greece say? Of what BF are afraid of? Could anyone please explain? I'd be very grateful if R.A.F. could bomb our Reichstag and blow all those overpaid muppets to hell! Still sick of our german 9/11
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If any Greeks need a free VPN with a server in the UK for any reason:
http://www.expatshield.com/ |
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BF aren't going to give two hoots where you are from as long as they can cover themselves when they are asked to provide necessary security checks eg. money laundering etc. and are not seen to be operating in countries where they are not licensed to do so. Firstly someone needs to establish whether this is going to be an address restriction to the exchange or an IP based one. If I'm a British citizen and I happen to go and reside in Greece for 6 months I can guarantee the Greek government can do jack **** about me trading on Betfair! Furthermore being in the EU I can go and register in France, Germany, Spain, Romania, Poland, Italy, and Greece in the space of a week if I wanted to!
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AS A FREE CITIZEN AND NATURAL BORN EUROPEAN I DEMAND MY F*CKING RIGHT TO ACCESS THE EXCHANGE!!!!
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apparently the EU was all about borderless trading between EU countries
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i do not know anyone from these companys!!! only padder maybe
What about sattelite internet; anyone knows; |
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Well next year I'm Austrian and then give a f*ck about good ol' Germany!
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off to Wien xGurkx ?
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Maybe, but could also do with Braunau
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I can see a time when the only place betfair actually is allowed is Britain
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nah Biscuit, I reckon the governments will eventually realise they are just simply missing out on some tax and a suitable agreement will be reached. For example now Germany is getting sweet zero from Betfair, and if they think nobody in Germany is using Betfair then they are cuckoos, same as Spain and lots of others.
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Betfair are putting up a fight in Cyprus:
http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/leisure/9534217/Betfair-to-challenge-Cyprus-ban.html |