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Online Betting Companies protest Greek law

28 Nov 2011

GREECE -- A complaint has been lodged with the EU by the European Gaming and Betting Association about Greece's recent gambling law, Bloomberg reported.

Online gambling companies are unhappy that Greece's latest law requires operators to be based in the country and conduct financial transactions through Greek banks, the report explained.

The Greek law was introduced as part of a package of austerity measures which seek to raise urgently needed revenue for its floundering economy.
 
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