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September 2, 2020, GMT+0000, 6:12 am
News Regulation

Greece Proposes Gambling Amendments

Greek gambling authorities have brought forward consultation proposals regarding the new gambling framework in the country, but doubts remain for European operators.  

The Greek Gambling Commission (EEEP) has announced a short consultation period regarding draft online gambling rules, that gives stakeholders ten days to respond.  

It has been reported that the EEEP has made several amendments and adjustments to the Finance Ministry’s online gambling framework, which was first announced in September 2018.  

The framework received a frosty reception from many European gambling operators, as it proposed a   

€4 million license for companies offering sports betting and an additional tax on player winnings over  €100. There was further controversy when Greek Finance Minister Euclid Tsakalotosoutline said that Greek gambling companies would be given ‘first right’ when it came to the new licences.  

In putting forward its new proposals, the EEEP has emphasised consumer self-exclusion provisions, and a range of responsibilities for license holders, including a fair marketing code and provisions on data collection, player verification and bonus incentives.  

But although the EEEP has now been able to offer clarity on these issues, it is still not clear whether the existing 35 percent revenue tax for online gambling services – seen by most European operators as the main barrier to entering the Greek market – will be reduced.  

Image from 123RF.

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