A series of reforms regarding online gambling is expected to be introduced in Greece in 2020. Among the proposed plans, there are suggestions to separate online game of chance licenses into two categories: a permit for betting games (namely sports and non-sports bets) a license for other online games.
Online gambling consistently makes up a larger share of the global gambling market year after year. Since 2016, global online gambling revenues have experienced double digit growth and this trend is set to persist through 2023, according to a statistic cited in the yStats.com report. The European market adds a great deal of value to the overall global market and exhibits regular revenue growth.
OPAP, Greece’s privatised gambling monopoly, has seen its online license to provide sports betting revoked, by Grece’s highest administrative court, the Council of State. The decision was taken back in July but not made public until now. It overturned regulation issued by the Hellenic Gaming Commission (EEEP) in 2014 which allowed OPAP to.
The Greek Syriza government has announced their plans to finally move ahead and implement a new gambling license regime for online gambling operators. This is to take place by October allowing foreign operators to enter their market. Deputy Finance Minister Trifon Alexiadis announced to Greek news s.
Greece is a mainland-island country, on the territory of which almost all existing types of games for money are allowed. The first land-based location was opened in 1928. Today, the gambling industry in Greece is represented by 9 offline casinos and an extensive virtual market, which has become available since August 2011.
The Greek government has confirmed that it will introduce new online gambling legislation in 2016, and next week parliament will vote on a proposal to increase gaming taxes to 35 percent of gross gaming revenue. Both proposals originate in the Greek economic crisis which shows little sign of abating. They were submitted to the Troika of the International Monetary Fund (IMF), European Central.
Greek Regulation Relaunch. Operating with only a fragile majority, Greece's Syriza government is nevertheless pushing forward in 2019 with long-awaited plans to restructure and overhaul the country’s land-based and online gambling legislation. As it seeks to end an uneasy period of temporary online licensing that has existed since 2011, the government is proposing to secure significant.
Greece is making some significant changes to its land-based and online gambling industry. The government here is working on new ways to generate revenue from foreign gambling operators. This week, plans were revealed that show tax rates are increasing for online gambling companies in Greece.