OPAP's Greek Gambling Monopoly Illegal, EU Court Says

By Ben James (January 24, 2013, 3:35 PM EST) -- The European Union's highest court ruled Thursday that OPAP AE's Greek gambling monopoly is at odds with EU law, and it said that Greece must either open up the market to competition or reform that monopoly.

The European Court of Justice ruling came in response to legal challenges from OPAP rivals Stanleybet International Ltd., Sportingbet plc and William Hill plc, which wanted to provide betting services in Greece. OPAP, which used to be wholly state-owned, struck a deal with the Greek state that gave it the exclusive right to organize and operate games of chance through 2020.

EU's high court said...

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