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Compliance Updates

Permanent License In Greece For Online Betting And Casino To B2B GAMING SERVICES (MALTA) LTD (www.betshop.gr)

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Permanent License In Greece For Online Betting And Casino To B2B GAMING SERVICES (MALTA) LTD (www.betshop.gr)
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B2B GAMING SERVICES (MALTA) LTD (www.betshop.gr) obtained a permanent license in Greece for online betting, casino, and other games, following a decision of the Hellenic Gaming Commission (HGC).

On the permanent licensing of the Company in Greece, its founder and international entrepreneur Mr. Gabriel Chaleplis, offered the following statement:

“Our efforts are always focused on the responsible and innovative offer of technology services to ensure and satisfy the online market, while at the same time we continue to increase our social footprint, with consistency and respect for society and the Greek state. The Hellenic Gaming Commission has shown professionalism and high co-operation throughout this complex process, and we should all highlight and thank them for that. We understand licensing under the new permanent regulatory framework as a reward for our decision that our Company cannot be absent from Greece. At the same time, we see it as an opportunity to continue our offer for the benefit of online players, society, and the State. We are here with our twenty-five years of experience, and we continue. “

B2B GAMING SERVICES (www.b2bgamingservices.com), a leading force in Europe for 25 years, is the platform and “action space” of the popular and rapidly growing www.betshop.gr, an environment that hosts thousands of betting options for sports betting, casino and games selected from leading international providers, with games that are constantly updated, while the overall gaming experience is accompanied by innovations that enhance the overall value of the services offered, including its unparalleled customer service, promptness of payments and player protection.

The process for the permanent licensing of online betting and gaming providers, began in October 2019 with the institution of the new Law by the Greek Parliament.

The licenses are issued by the Greek Licensing Authority (“Hellenic Gaming Commission”), in accordance with the new law 4635/2019 and the subsequent regulatory framework which “closed” a permanent backlog that existed since 2011, as in this market has been in force since then a transitional temporary licensing regime for online gaming.

The new permanent licenses have a duration of 7 years, the online betting market is open to new Companies, in addition to those temporarily licensed since 2011 who had the right to apply, while the Greek market shows significant dynamics and growth in recent years and is being considered among the most promising globally.

Baltics

Lithuania Approves Creation of Online-only Gaming Licences

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The Seimas, Lithuania’s legislature, has approved the first reading of amendments that would allow online-only gaming licences in the country.

At the moment, only operators that have a licence to offer land-based gaming can hold a remote gambling permit in Lithuania. Online-only operators must partner with land-based licensees to be able to offer gaming in the country. The new amendments to legislation would introduce a specific online licence that wouldn’t require a partnership.

Operators who wish to apply for a licence would need to hold at least €1.2m in capital in the case of casino gaming, or €289,000 and €144,000 in the case of online sports betting and online horse racing betting respectively.

Meanwhile, a new fee would apply to all kinds of gambling licences. Licensees must pay a fee of €1m on receipt of their licence and an additional payment depending on the type of licence. That payment would be €300,000 for slots, €100,000 for bingo and €500,000 for remote gambling.

The amendments would also require the construction of new slot halls, bingo halls and betting shops to be approved by municipal councils.

The first reading of the amendments was approved with 74 votes in favour, seven against and 39 abstentions. A second reading is still needed before the proposals become law.

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Asia

Esports Officially Recognised as a Professional Sport in Thailand

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Esports has been officially recognised as a professional sport in Thailand meaning that players and organisations can now be supported by the Sports Authority of Thailand (SAT).

Esports’ popularity has soared in the country with the Thailand E-Sports Federation (TESF) running regular competitions, seminars and workshops.

The sport’s global revenues are projected to surpass $1.5 billion (£1.096 billion/€1.279 billion) by 2023.

The Government involvement could help Thailand become a prime destination for groups like ESL and the Professional Gamers League (PGL) to host their events.

Esports is set to be a medal event at the Hangzhou 2022 Asian Games in China after featuring in the 2018 edition as a demonstration sport.

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Compliance Updates

Dutch Gambling Regulator Imposes €531,250 Fine on Tipico

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Dutch gambling regulator Kansspelautoriteit (KSA) has imposed a fine of €531,250 on Malta-based Tipico Co. Ltd. for illegally offering online games of chance to Dutch consumers.

The online games of chance were offered via the tipico.com website. A starting fine of 200,000 euros applies for this violation. The fine was increased 3 times by 75,000 euros: once for the bonuses on offer and the large number of games and bets offered, once for the use of an inactivity fee and once for offering live betting.

This form of betting carries a higher addiction risk than bets that can only be made before the start of matches. Furthermore, the fine was increased because the age of the players was not visibly verified. Tipico’s website can no longer be reached with a Dutch IP address.

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