Greece has increased the maximum bet for random number generator casino games from $2 to $20. Previously, the maximum deposit was in slot machines and fruit machines a maximum of 2 dollars per spin to protect the players. The law that allowed a maximum limit of $2 was introduced in 2019. This was after the Greek government considered banning slot machines altogether.
Thus, the maximum bet has been increased to 20 dollars, the maximum profit that can be obtained on such a slot machine has also been increased. Previously this was $70,000, now it has doubled to a maximum winning amount of $140,000.
Should online casino sponsorships be banned?
In England, the sponsorship of online casinos and other sites where you can gamble online maybe tied up. Online casinos are very active with sponsoring football clubs in England. However, as in New Zealand, there are now sounds to put a stop to this and make the sport less dependent on sponsorship from gambling companies.
This has to do with the discussion that will take place next month in the House of Representatives in England. The policy is to update the gambling laws. One of the agenda points is to ban shirt sponsorship by gambling companies. The British House of Lords calls for shirt sponsorship by online casinos banned from the Premier League as soon as possible. On the other hand, it wants to give lower divisions such as the Championship longer to scale down sponsorship. This is because lower divisions are more dependent on shirt sponsorship. In the Premier League, the clubs receive huge amounts for tv money and broadcasting rights.
In New Zealand, sponsorship of online casinos is also common. Betting companies such as TOTO and Betcity are sponsors of several clubs in the New Zealand Eredivisie. SP MP Van Nispen therefore advocates making New Zealand sport less dependent on betting companies. Whether this is actually true remains to be seen. Also because sponsorship of such companies has only recently been allowed and the effect is still unclear.
