Compliance Updates

Greek Regulator Begins Online Gaming Licence Process

Published

5 years ago

October 12, 2020

Niji Narayan

Greek Regulator Begins Online Gaming Licence Process

Reading Time: < 1 minute

The Hellenic Gaming Commission has begun the application process for new online gaming licences.

The regulator said submissions can now be made online for all legal entities, including shareholders, key executives, manufacturers, technology suppliers and certification bodies.

Two types of licences are available – to conduct online betting and to conduct other online games of chance.

The Greek Ministry of Finance submitted its draft gambling regulations to the European Commission in January 2020 after being passed in the country’s parliament last October.

The submission confirms that separate licences will be made available for online sports betting and other online games, priced at €3m and €2m respectively. Licence holders must pay a 35% gross gaming revenue tax rate.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.