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Sign up for these weekly newsletters. He got nowhere with that idea, but is taking steps to implement a Greek version of it via a Syriza-Progressive Alliance. These moves are about more than ideals: Tsipras needs an alliance to outgun the center-right New Democracy party which has led every national opinion poll for more than two years. As for the Euroskeptic threat that Tsipras warns of: no Greek parties are so far involved in the maneuvers to unite Euroskeptics into just one or two voting blocs in Brussels and Strasbourg.
This week, there are signs of spring arriving to the Greek economy. Since , declared income is down by a quarter. The income of freelancers, the self-employed and businesses also dropped. Greece continues to hemorrhage people and deaths outnumber births. Migrants traveling north reportedly hoped to make an organized mass crossing of the border in early April. Extremist violence threat: Dimitris Koufodinas, a convicted hitman of the leftist November 17 terrorist group, can sometimes be seen strolling around central Athens, despite 11 life sentences for the murder of foreign diplomats and Greek businessmen.
But the lack of EU betting rules jeopardizes their safety when they bet online — and more common, EU rules are needed. How it plays out will affect the Greek parliament election that will take place by September. In the two recent occasions when the national polls followed soon after the European ones, the winner of the first contest significantly increased their winning margin in the second one.
In a much-advertised speech last Saturday in Athens, Tsipras repeatedly referred to this wider coalition of progressive forces versus mentioning Syriza only twice and he pointedly avoided slinging his arrows at KINAL, the successor to the socialist PASOK party. Syriza hopes to entice its disappointed voters by presenting New Democracy as neoliberals increasingly veering towards the far-right. Mitsotakis is seeking to present the vote as an opportunity for anyone let down by Syriza to express their anger.
The data and visuals in this newsletter are powered by POLITICO Pro Intelligence, an interactive platform designed for professionals tracking the impact of the European elections on policy making, business and industry. The prime minister also courted controversy by picking businessman Petros Kokkalis as a candidate. Syriza spokespeople did their best to connect him to the Resistance credentials of his grandfather, a famous communist activist.
At the top is Vangelis Meimarakis, a former leader of the party who fought Mitsotakis for the leadership in Other candidates include Stelios Kympouropoulos, a quadriplegic psychiatrist, and Dimitris Kairidis, a professor of international relations and TV commentator. Alexis Tsipras is making a clear move for leadership over all Left voters and parties, both with the domestic audience and in EU circles.
The dawn of a strong Greece in a free Europe, where the nationalist banners will fly high. One of the most insightful EU political analysts, Janis Emmanouilidis, the director of studies at the European Policy Center, helped us map out the challenges ahead as the EU prepares to enter into a new political cycle. Actually, Greece has already issued gambling licenses to a total of 24 private entities but has done so only on a provisional basis, and moreover, some of these firms have subsequently abandoned the country.
Yet the time will soon be here when these de facto licenses must become fully vested official warrants granted by the Greek government. In truth, Greece was not particularly interested in allowing private operators to gain access into their market at all. This was, at least partially, because the government already operated all manner of gaming establishments as a state monopoly prior to their entry into the EU.
Yet one of the conditions of their accession into this international European body was to allow various enterprises to enter their previously monopolized market. Since Greece became a member back in and joined the common Euro currency project in , the country has clearly not been proactive in granting these licenses.
Only in did Greece get around to issuing the first provisional permits, which generate approximately 5. Local calculations suggest that this sum is nearly matched by the estimated 5 billion euros flowing through local operations that have not bothered with getting licensed. Despite the slowness of the actual process, the concept of getting a solid regulatory and revenue handle on this 10 billion euro pot has been the goal of the cash-strapped Greek government and its many international creditors for quite some time.
One of the main complaints of the country's creditors is that Greek society is not particularly welcoming towards taxes and burdensome regulations, which in turn comprises electoral resistance to changes in the current half-laissez-faire system. Renewal of licenses is possible with the same fee structure but only if the license-holder submits for renewal at least one year prior to license expiration.
It's unclear whether gaming enterprises would have to pay regular taxes on their revenue in addition to the upfront fees. Earlier proposals had called for a tax rate of 35 percent of gross gaming revenue, but the latest documents from the Ministry of Finance are silent on this matter.
Given Greece's current economic climate, it would be unusual if these taxes were waived, so it's likely that the 35 percent rate will, in fact, be applied to gaming revenue. Individual gamblers too will have to hand over a portion of their winnings to the authorities with the amounts owed withheld automatically by the operator.
All of these fees come in tandem with a series of restrictive rules that heavily cull the field of prospective applicants even if they can afford the actual application and license fees. While the full slate of regulations has yet to be announced on a comprehensive basis, we do have a broad outline of the major elements. The list naturally starts with the large application and license fees as listed above.
While these seem high to ordinary people, they are really not very big in comparison to the potential benefit that such a license would confer upon its holder. No serious entrant into the field would find their bid foiled by the amount demanded, not even when such fees and their renewals are effectively demanded on an upfront basis.
Given the Greek government's need for reliable sources of revenue, this is all quite understandable. Yet the real kicker is found in the other newly-published provisions. There are minor restrictions on allowable website addresses and server farm locations both must be Greek , which are more a nod to local pride than they are a plan for effective regulatory management inside the greater EU framework.
Nobody likes to see foreign web addresses when engaging in domestic commerce. Additionally, firms that wish to transact in the Greek online gambling economy would have to partner up with local enterprises for payment processing. More importantly, the new Ministry of Finance rules seem to contain an admission that Greek authorities may not have sufficient expertise to truly judge whether an applicant is actually worthy of being allowed into the market.
In this regard, the plan is to effectively outsource verification of an applicant's bona fides by requiring that they already be licensed to provide online gambling services in some other EU country and have provided three years' worth of financial data to back up their claims.
Affiliates must be registered by the HGC and licence holders are required to cooperate exclusively only with approved affiliates, who will now be taxed. An earlier version of this article incorrectly suggested that licenses would be available for betting exchanges. Sectors Access comprehensive, actionable subject matter expertise across the global gambling industry.
The licence fee will not be tax deductible, according to the draft. See also: Greek Regulation Relaunch. Related Content. Portugal Market Overview. Data Forecasting: The Netherlands - August Watchlist Topics. In Focus. Greek Regulation Relaunch. Contact Info United Kingdom. St Clare House, 30 Minories. United States Of America. Yet the real kicker is found in the other newly-published provisions.
There are minor restrictions on allowable website addresses and server farm locations both must be Greek , which are more a nod to local pride than they are a plan for effective regulatory management inside the greater EU framework. Nobody likes to see foreign web addresses when engaging in domestic commerce. Additionally, firms that wish to transact in the Greek online gambling economy would have to partner up with local enterprises for payment processing.
More importantly, the new Ministry of Finance rules seem to contain an admission that Greek authorities may not have sufficient expertise to truly judge whether an applicant is actually worthy of being allowed into the market. In this regard, the plan is to effectively outsource verification of an applicant's bona fides by requiring that they already be licensed to provide online gambling services in some other EU country and have provided three years' worth of financial data to back up their claims.
The one odd result of this provision is to effectively handicap numerous local companies that may wish to apply for a license due to their inability to show that they have been in the business for a minimum of three years in some other country. This effective discrimination against one's own countrymen cannot be incidental but rather is most likely intended as a shortcut towards getting the new Greek online gaming industry off to a fast start with established players who are likely to pay their taxes and fees in full without any argument.
Presumably, local companies can then trickle into the pool of a smoothly running revenue-collection machine and be obliged to play by the same sort of enmeshing EU-style rules that many local Greek operations disdain. Given the way in which the new rules are cast, it seems clear that they have been drawn in close consultation with EU bureaucracies, which are anxious to fully assimilate the fractious Greeks into the wider network of continental compliance and obedience.
There are, of course, good reasons for the EU to insist upon such a radical departure from the traditional Greek way of doing business. Still, it is always sad to see the independent ways of a historic community being subsumed into a more homogeneous and imperial-minded set of inflexible rules. There's a consultation period, lasting until Oct. As mentioned above, the size of the unlicensed Greek online gaming market is about equal to that of the regulated sector.
This means that there are countless organizations that will happily accept wagers from Greek citizens even without having gone through the licensing process. Read our review of Sportsbetting. Visit Wild Casino. Read the full Wild Casino Review. Try Joe Fortune instead.
It is not a gambling site and does not provide or offer any gambling software or services. It is the responsibility of consumers to be aware of and comply with any state and national laws that apply to them as regards online gaming. Any and all information and advice proffered is for informational and entertainment purposes only - it is not legal advice.
Do you think you may have a Gambling Problem? If so, call immediately for help. Skip to main content. Professional RakeBack Expert advice from pro players. Search form Search.
|2nd half betting baseball lines||Most Popular Articles. Greece voted 'No' in a referendum on Sunday over whether to accept the latest bailout terms from its European creditors. St Clare House, 30 Minories. South China Morning Post. Portugal Market Overview. Nobody likes to see foreign web addresses when engaging in domestic commerce.|
|Online betting greek elections||The late-night submission of the law prompted one observer to binary options strategies youtube music video online betting greek elections is pushing very hard for this to be concluded quickly. Mitsotakis is seeking to present the vote as an opportunity for anyone let online betting greek elections by Syriza to express their anger. Close online betting greek elections modal Log in Log in to access content and manage your profile. Yet the time will soon be here when these de facto licenses must become fully vested official warrants granted by the Greek government. More importantly, the new Ministry of Finance rules seem to contain an admission that Greek authorities may not have sufficient expertise to truly judge whether an applicant is actually worthy of being allowed into the market. Given the way in which the new rules are cast, it seems clear that they have been drawn in close consultation with EU bureaucracies, which are anxious to fully assimilate the fractious Greeks into the wider network of continental compliance and obedience. Sincedeclared income is down by a quarter.|
|Online betting greek elections||Mitsotakis said both the U. Punters can wager on horse racing through several outlets around the country. Other online betting greek elections include Stelios Kympouropoulos, a quadriplegic psychiatrist, and Dimitris Kairidis, a professor of international relations and TV commentator. Sincedeclared income is down by a quarter. By Reuters Staff 3 Min Read. Mitsotakis is seeking to present the vote as an opportunity for anyone let down by Syriza to express their anger.|
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