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Stanleybet International Beats Greeks, For Now
16 January, 2009

NEWS

After having its outlets raided last November and appealing the closures earlier in the week, Stanleybet International has received a favorable ruling from a court in Greece.

According to the guardian.co.uk, "An Athens administrative court temporarily ruled UK-based fixed-odds betting company Stanleybet can reopen its outlet in the city, the company said on Thursday, challenging OPAP's betting monopoly in the country."

Stanleybet argued that its Greek betshops weren't violating Greek law but rather an extension of EU laws, which allows for online gambling companies to offer services to other EU nations.

Another ruling is expected to be made by Greece's highest court in relation to the country's gambling monopoly, OPAP and whether it has the ability to prevent the Stanleybets of the world from catering to Greek citizens and the current administrative ruling could be overturned—a hearing takes place on February 8, 2009.

"When the hearing of the case takes place at the Council of State in two weeks, all the other things will have no point," OPAP CEO Christos Hadjiemmanuil told Reuters.

"It is important for us that the legal setting be cleared. We want the case to go to higher courts."

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