Greece Online Gambling Regulation
The change of the government in Greece brought news to the field of online gambling as well. The new right-wing government proceeded to submit a new gambling law draft to the Greek Parliament on 9 October 2019 and it has significant differences compared to the one proposed by the previous left-wing government. Greece launches new consultation on iGaming rules 16 January 2019 The Hellenic Gaming Commission (EEEP) has given the industry just 10 days to respond to its proposed online gambling regulations after publishing an updated list of rules. Greece Finally Unveils New Online Gambling Regulation Updated On Sep 18, 2018 by Ella McDonald iGaming operators who had plans to enter Greece have had to wait a long time for online gaming regulation to be released. Online: Remote gambling has been regulated in Greece since 2011 through Law no. However, secondary regulation and a formal licensing process for remote gambling operators are yet to be completed.
Greece Online Gambling Regulations
Related Articles
The Greek Parliament is set to vote on a draft legislation that includes measures for the legalization and regulation of online betting and gaming activities this week. The bill aims at providing.
OPAP Q3 bounce back hurt by continued lottery declines
Intralot taps all cost-saving options to soften Covid blows
HGC requires disclosure for key services and personnel
Further requirements published in Greece’s approved new gambling bill, will require affiliate marketing partners to register and pay a €1,000 licensing fee with the Hellenic Gaming Commission (HGC).
This October, following a year of deliberation, the Greek Parliament progressed final amendments of its new gambling bill, which will introduce a modern regulatory framework for online gambling services.
Serving as lead regulatory authority, the HGC is set to monitor and process all licensing application for Greece’s newly regulated markets with regards to operators, technology suppliers and marketing partners.
A new regulatory framework will see operators pay €3 million for permits related to sports betting and casino games.
For marketing incumbents, the Greek government has sanctioned HGC to act as a registry for authorised marketing partners, in which licensees will only be approved to conduct Greek consumer-facing promotions with affiliates approved by the regulatory body
Greece Online Gambling License
The 24 online operators issued with temporary Greek licenses in 2011 will be allowed to continue operating under these licences until 31 March 2020, but will then be forced to reapply for new certification. However, those operators ‘black-listed’ in the year prior to licensing won’t be eligible.
Greece Online Gambling Laws
As expected, the Greek government has retained its 35% GGR tax charge but repealed a section of the 2011 gambling law that allowed online licensees to deduct this tax payment from their 20% corporate tax obligations.