Sports betting: Stanleybet to fight Greece on bookmaker shut down

One of the most popular UK betting firms, Stanleybet, announced it has filed an appeal against the Greece's decision to shut down the two offline bookmaker outlets in the country. The sports betting company opened two betting shops in Greece last year, one in the capital Athens and another in Thessaloniki, but the local authorities shut them down, citing a violation of the monopoly law that protects Greek OPAP's exclusive rights on sports betting until 2020. "We are determined to defend a regulated, fair and competitive sports betting market in Greece. We are confident about the outcome of our case to the benefit of Greek consumers," read part of the official statement made by Stanleybet. The betting firm also added that at the time its bookmaking outlets were closed in Greece, the move violated European Union law.

Published on 01/14/2009