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Greece opens consultation on iGaming and sports betting regulations

Greece has opened a brief public consultation into new regulations for online gambling.  

The consultation opened on January 15th and builds on the earlier consultation into proposed iGaming legislation late last year.

It offers detailed information on the proposed award procedure and the types of licenses available, conditions for licensure and ongoing compliance, technical specifications for platforms, and rules regarding permissible forms of sports betting.

The consultation is open to industry stakeholders and the general public and closes on January 25th.

The regulations state that gambling products may only be offered to players over the age of 21, with operators’ systems required to communicate with the government’s control and supervision system in real time.

Two types of license are proposed, each valid for a five-year term, with sports betting licenses priced at €4m (Type 1 license) and licenses for other online games priced at €1m (Type 2 license). Each subsequent renewal would attract the same license fees.

The licenses would be available to operators based in Greece or another European Union member state with a paid-up share capital of at least €200,000, excluding operators who currently, or in the past year, have appeared on the country’s blacklist of illegal providers, with such operators ineligible for licensure.

Details of the public consultation can be viewed here.

https://www.gamingintelligence.com

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