Betfair withdraws from Greek market

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."

tar.

olé

FU DELTA

OLEEEEEEEEEEEEEEEEEEEEEEEEEE, kali meera foto.

kalimera file  esi eise uk? h ellada?

yes, ta.

fotofinisman1     26 Nov 12 09:50 
FU DELTA 

uk?? h ellada denkatalava pou meneis? gia pes moy re file

saddo  LONDINO MENIS H STHN ELLDADA  MENIS?

Soon you will be speaking German, I am better at that.

A OK OK nice..

I have  big  problems now with the new law...

I only cheered for saddo doing a c+p

There will be ways round it, foto, find an expert.

I hope mate i hope...tks

Delta knows about these things, I will ask him.

try the chap with the thread in General forum...

I await .....tks for all

Can't you get a proxy wotsit, delta?

THERE WILL BE LOADS OF BRITISH  AND FOREIGN PEOPLE WHO SAY TO THEMSELVES IM NOT GOING TO LIVE OR RETIRE IN GREECE BECAUSE THERES NO BETFAIR ,FANCY IF YOUVE PUT A DEPOSIT DOWN ON A CHATEUX IN GREECE ONLYTO FIND OUT THERES NO BETFAIR ,ITS WORSE THAN HAVEING A LEEKY ROOF ON YOUR DREAM HOME

THERE WILL BE HUNDREDS OF GREEKS WHO MAKE A LIVEING FROM THEIR BETFAIR WINNINGS NOT KNOWING WHICH WAY TO TURN IF BETFAIR LEAVE GREECE

THERE WILL BE MORE PEOPLE PROTESTING IN THE STREETS OVER THE AUSTERITY CUTS ,BECAUSE IF THERES NO BETFAIR THEY WONT KNOW WHAT TO DO WITH THEM SELVES

Sounds like you and your mum, were planning to move there, Do wah.

i wont even go on holiday there now cos of this shambles do wah

How can countries be so backward and insular?

MANXY I GET THE COS STATEMENT

olé

THE GREEKS ARE BREAKING PLATES ALL OVER THE ISLAND ,I THINK ITS BECAUSE BETFAIR ARE LEAVING

what a shambles, they cant afford anyone to clean it up, no self respecting 'pole' will go near the gaff.