William Hill Pulls Out Of GreeceBritish Bookmaker Wants Great Clarity And Slates German And Belgian Regimes |
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William Hill is the latest high-profile gambling operation to pull out of the Greek market.
The company said it would no longer make its products available to its Greek customers in the wake of the Greek Gaming Commission decision to threaten criminal sanctions and financial penalties against companies offering betting and gaming products after December 5.
The company said, “William Hill believes that there are significant issues with the legality and enforceability of these proposals; however, until greater clarity is received, it has taken the decision to withdraw from this market.
“William Hill, along with other operators, has been working with various parties to achieve legislation that allows fair competition in the market in Greece and elsewhere. William Hill is disappointed that the European Commission continues, despite previously stated intentions to the contrary, not to take effective action to prevent protectionist behaviour on behalf of member states, of which the Greek, German and Belgian regimes are only the most recent examples.”
Betfair also suspended its services to the country last month.
William Hill said the move would cost the company £4-5 million in operating profit.
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