Under the new gambling laws in Greece, online gambling operators are now allowed to offer their players Random Number Generators, such as slot machines. The licensing fee for online casino operators has been moved to €3 million. A 35% gross gaming revenue tax is being placed on these companies. A 20% corporation tax is also being implemented. Obtaining an online gambling license in Greece In autumn 2018, the local authorities announced an amendment to the online casino law, expanding the possibilities of gambling facilities. Following several months of considerations, the amendment was submitted to the European Commission and the Greek House of Representatives for review and approval. Greece are ready to accept applications for online gambling, the Hellenic Gaming Commission said that the process for applications from shareholder, executives, manufacturers, suppliers and certification organisations is now available to process on online. At present there are two available licenses to apply for online games of chance and sports betting. In January this year […] The Greece’s gambling regulator stated that all legal entities, including shareholders, key executives, manufacturers, technology suppliers and certification bodies may now apply for obtaining licenses for online gaming and betting, The Indian Wire reports. Greece’s Parliament had passed the Gambling Regulations in October last year and its The Greek gambling industry, along with foreign companies, held its breath waiting for a new licensing regime for online casinos. At the legislative level, the activity of both land-based and online casinos is regulated by Law No. 4002/2011 of 2011, according to which only a limited number of operators (24 companies in total) gained the right to offer their services on the Greek gambling market. Greece has had a state monopoly on gambling for many years. The EU Commission has issued several warnings alleging that the country is breaking various EU laws by maintaining this monopoly. The government issued licenses in 2011 for online gambling operators, but officials changed their minds soon afterward. The new bill sees Greece end the ‘transition status’ granted to 24 online gambling enterprises which were issued temporary licenses during 2011. Final licensing amendments bring a €3 million license fee for online sports betting and slot provisions. The government won’t allow ‘black-listed operators’ to apply for licensing for a period of up to 12 months. Obtaining gambling license in Greece. According to preliminary data, it can be stated that the approximate cost of the license for online gambling operators will cost about 3,000,000 euros, while the license will be issued for the period of 5 years. The minimum tax rate for such operators will be 1 000 000 euros. The Greek government has reconsidered its plans to introduce double taxation on online gambling in the country. Earlier in the month, the country’s Ministry of Development and Investment revealed its plans to introduce tax hikes for the online gambling industry in the country.. In the said proposal the cost of online sports betting license was reduced €1m to €3m, and the operators were OPAP online betting license invalidated. OPAP, the betting and lottery operator in Greece, has had its online sports betting license revoked by the Greek authorities. the Council of State has rendered OPAP’s online betting license invalid . OPAP was previously the state monopoly operator of the gambling sector.
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