Greece is located in south-east Europe. It borders Turkey to the east, the Aegean Sea to the south-east, the Ionian sea to the west, Albania to the north-east, Macedonia to the north and Bulgaria to the north-east.
The main characteristic for the online gambling industry in Greece is the huge fight that's been going on for over a decade between Greece and the European Union. Back in 2002, a law was passed to make all forms of electronic gaming illegal, and this law was so broad (and useless) that it actually made playing video gaming consoles like Playstation or Nintendo illegal. Almost a decade later, the law was corrected to be more practical, and the government initiated legislation that would regulate online gambling with licenses.
They quickly abandoned this idea in favor for a state monopoly, and this got them in trouble with the European Union. In response to being chided by the EU, Greece responded by stating that all forms of online gambling were highly addictive and should be illegal while simultaneously expanding the scope of their state-run monopoly. The EU was not impressed, and their pressure eventually led to the beginning of a more reasonable licensing process in early 2015, though nothing has been finalized at the time of this writing.
The first online gambling licensed were interim licensed given before the government monopoly took over. The government set up interim licenses with major companies like Betfair and William Hill before turning their back on these companies and backing their own state-ran monopoly. At this time, licenses are being offered to the original interim licensees to try to get their online gambling regulation back up and running to generate funds for their massive debt, but there's been little to no progress on that front.
For all intents and purposes, there are no player protections in place right now for Greek players. The reason for this is that the licenses that have been given out are on such shaky ground with the current financial situation for Greece that there are no real guarantees. On top of that, their shady dealings with how they have handled licenses in the past do not inspire much confidence in the country. Along these lines, it may actually be the case that players are better off playing with foreign, unlicensed operators.
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