Cyprus betting companies are tired of the advantages that Greek-Czech gambling monopoly OPAP has and have come together to form an association to overthrow the monopoly.
Members of the Cyprus Betting Companies Association include Bet on Alfa, Fair Champions Meridien, Cy Betand Megabet Plus, reports the Cyprus Mail.
“We demand an end to the monopoly and preferential treatment OPAP receives from the state. This is now a public company and it's owned by Czechs,” CBCA chairman Akis Avraamides, said
In 2013, OPAP was sold in 2013 to Emma Delta Hellenic Holding Limited. OPAP is the sole operator of lottery games on the island and the association says that since the sale, the Greek state is no longer a shareholder.
“Betting companies invest millions, give large sums back to the state, pay taxes, open up job posts and much more,” said Avraamides who believes that adding competition to the mix would draw in more investors and eventually weed out illegal operators.
sharpe 8 years ago
I am agree with Shumar4life, here in Bulgaria the things are very similar to these in Cyprus, we have only one major land based sports bookie who define all the rules and stakes on the market. And all the players have to accept that. I'm glad that for the last maybe 15 years I have access to most of the best sports bookies...
I am agree with Shumar4life, here in Bulgaria the things are very similar to these in Cyprus, we have only one major land based sports bookie who define all the rules and stakes on the market. And all the players have to accept that. I'm glad that for the last maybe 15 years I have access to most of the best sports bookies in the net and don't have to reckon with local bookie rules. So in the end- yes, the monopoly is bad for everybody except for the monopolist company.
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Shumar4life 8 years ago
Monopoly is not good solution for business, and this companies has every right to fight against it. I you must compete for the customers, they will have lower prices, or in this case better service, which lead to their satisfaction of course. I believe that companies and alliances like OPP must pay higher taxes or let some...
Monopoly is not good solution for business, and this companies has every right to fight against it. I you must compete for the customers, they will have lower prices, or in this case better service, which lead to their satisfaction of course. I believe that companies and alliances like OPP must pay higher taxes or let some part of the market to the other companies
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