Compliance Updates
Greek Regulator Begins Online Gaming Licence Process
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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