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Compliance Updates

Greece Raises Betting Limits for Online Slots and Poker

Published

3 years ago

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Reading Time: < 1 minute

 

The Greek government has confirmed that it will ease player wagering restrictions on online crypto casino and poker verticals.

Positive developments for market incumbents will see the government increase its €2 maximum wager on online casino (slots and table games) to €20.

Announced by the Hellas government gazette, the increase on maximum wagers will be instantly effective from May 2022 onwards and will be further applicable for online poker and its associated RNG games.

The changes follow a Year-1 review of Greece’s relaunched gambling regime by the Ministry of Finance.

Further positives saw the government announce that Jackpot values on games of chance and slots would be doubled from an existing €70,000 cap to €140,000.

The Hellenic Gaming Commission (HGC) provided a further technical update that will allow licensed operators to reduce game/spin times from 3-to-2 seconds.

The HGC further revealed that it would extend its compliance window for operators to connect to its centralised monitoring system until December 2022.

HGC President Dimitris Ntzanatos welcomed the Finance Ministry’s decision to increase wagers on online casino and poker – stating that his department had backed the outcome in its recent auditing report of Greek gambling.

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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.

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