Stanleybet Athens Outlet Forced to Shut Again

16 February 2009

Stanleybet said it has been forced to close its Athens betting outlet while a Greek court decides on its fate, Reuters reported on Friday.

In mid-January, an Athens court allowed the fixed-odds betting firm to reopen the outlet. Now, according to Reuters, a higher court will decide whether Stanleybet can compete with OPAP S.A., a Greek company that holds the exclusive rights to offer its betting services to Greek residents until 2020.

“The court would not rule on whether Stanleybet's activities are legal or not, and did not justify its ruling,” the news service quoted Stanleybet as saying.