Greece

Bet365 and Play’n Go are the latest iGaming suppliers to receive licenses to operate in Greece, following Betsson, which announced its approval on Monday.

The granting of the licenses puts the companies amongst the first to be licensed amongst the Greek regulatory body, the Hellenic Gaming Commission, since submissions opened last October.

The licenses run for a term of seven years, and holders must pay a 35 per cent tax on gross gaming revenue.

They are part of controversial and long-discussed new gambling rules submitted by the Greek Ministry of Finance to the European Commission in January 2020, after the law was passed in the country’s parliament the October before.

Under the law, separate licenses were made available for online sports betting and other online games, priced at €3 million and €2 million, respectively.

Additionally, it placed stringent controls on random number generator (RNG) games, which would be limited to maximum stakes of €2, with maximum profit per gaming session to be limited to €5,000. Jackpot games were limited to paying out a maximum of €50,000.

On the part of Play’n Go, Magnus Olsson, Head of Sales and Account Management explained, “Regulatory changes are a constant in the global gaming industry and we welcome the new clarity provided by the Hellenic Gaming Commission”.

“To truly enjoy a gaming experience”, he said, “players must feel safe. And that’s why we’re only too happy to tailor our titles to ensure they comply with all local rules in regulated markets all over the world”.

Continue Reading

All forms of sports betting advertising halted by Belgian National Lottery during World Cup

25 November 2022
by Helena Grech

The decision was taken in consultation with Belgium’s Minister of Finance, Vincent Van Peteghem

PressEnter Group to undergo management buyout led by CEO Lahcene Merzoug

23 November 2022
by Helena Grech

He will take over as executive chairman

Lady Luck Games signs distribution agreement with RAW Arena

23 November 2022
by iGamingCapital.mt

Raw Arena currently operates in 14 regulated markets

MGA issues reminder to licensees of suspicious betting obligations amid FIFA World Cup Qatar 2022

22 November 2022
by Helena Grech

Licensees were also reminded of adhering to socially responsible advertising

See more