Forums
Welcome to Live View – Take the tour to learn more
Start Tour
There is currently 1 person viewing this thread.
themover
26 Nov 12 12:18
Joined:
Date Joined: 25 Apr 03
| Topic/replies: 53,043 | Blogger: themover's blog
Betfair said it is to withdraw from the Greek market over new regulations that it called protectionist and inconsistent with European law.

Earlier in November the Greek Gaming Commission announced there would be financial penalties and criminal sanctions against gaming operators that continued to operate in the market without a permit.

Betfair said it had not applied for a permit due to questions over the legality of the Commission's decision.

It added that the associated financial conditions attached to these permits, which could include payment of taxes on historical revenues, made the market "economically unattractive".

Before its decision to withdraw from the market, Betfair had expected to generate £13m of revenue and £7m of profit from the Greek market in the current financial year.

"Betfair has been working with the Remote Gambling Association to achieve legislation that allows fair competition in the market," the firm said in a statement.

"It is disappointing, however, that the European Commission has, despite previously stated intentions to the contrary, not taken effective action to prevent protectionist behaviour."
Pause Switch to Standard View Betfair withdraws from Greek market
Show More
Loading...
Report sugarfoot November 26, 2012 12:22 PM GMT
Before its decision to withdraw from the market, Betfair had expected to generate £13m of revenue and £7m of profit from the Greek market in the current financial year.

-----------------
are they saying the Greeks are mugs that lose almost half of what they bet?
Report themover November 26, 2012 12:28 PM GMT
it really depends how many under 4.5/over 2.5 matches there are Grin
Report agaz November 26, 2012 12:43 PM GMT

Nov 26, 2012 -- 12:22PM, sugarfoot wrote:


Before its decision to withdraw from the market, Betfair had expected to generate £13m of revenue and £7m of profit from the Greek market in the current financial year.-----------------are they saying the Greeks are mugs that lose almost half of what they bet?


No they are giving bad news to their stockholders. LaughLaughLaugh

Report Mental November 26, 2012 1:05 PM GMT
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?
Report agaz November 26, 2012 1:07 PM GMT
Moving to the UK is not a bad idea.
Report agaz November 26, 2012 1:07 PM GMT
UK here we come !!!!!!!!!!!!!! LaughLaughLaughLaughLaughLaugh
Report Mental November 26, 2012 1:11 PM GMT
Ofc I wont move to another country just for betting ...
But also thinking of moving for financial reasons.. after I finish my college
Report siwaadupa November 26, 2012 1:16 PM GMT
If you are coming here just dont expekt opened doors. Its not a green trading island as I thought when I was coming here. You might need to find a work coz when you will be telling them what you do, in their eyes you will be addicted gambling stranger. Its still unregulated as well.
Report Mental November 26, 2012 1:19 PM GMT
ofc I will try to find a work.
Gambling is (till now) a profitable hobby for me, nothing more.
Report donny osmond November 26, 2012 1:32 PM GMT
time was most of the casinos around me were owned by greeks...
Report Biscuit1979 November 26, 2012 1:33 PM GMT
agaz 26 Nov 12 13:07 
Moving to the UK is not a bad idea.




why don't you move to Russia, i'm sure Andrew Mat won't mind letting you stay with him
Report teo813 November 26, 2012 1:39 PM GMT
LaughLaughLaugh
Report agaz November 26, 2012 2:47 PM GMT
LaughLaughLaughLaughLaughLaughLaugh
Post Your Reply
<CTRL+Enter> to submit
Please login to post a reply.

Wonder

Instance ID: 13539
www.betfair.com