First Licenses Awarded Under New Greek Regulations
The Hellenic Gaming Commission (EEEP) has begun to award operating and supplier licenses under the country’s new regulatory system and Bet365 and Play’n GO are amongst the first to receive them.
Bet365 has become the second operator to be granted a license after Betsson was approved earlier in the week. Play’n GO has become the first supplier to receive a license.
However, the new regulatory system imposes a number of strict conditions on both operators and suppliers. For instance, online slots (which were almost banned under the new regulations) have a limit of €2 per spin, a three-second spin minimum, and a maximum win of €70,000 per round. Meanwhile, operators must pay a 35% gross gaming revenue tax.
Regulatory changes are a constant in the global gaming industry, and we welcome the new clarity provided by the Hellenic Gaming Commission in their latest framework. We will now work closely with our partners to ensure that their Greek operations are compliant with the new regulations.
Olsson went on to explain that he believes Play’n GO’s ability to customize games to local regulations will help it stand out when compared to other developers. He said that the company’s rigorous approach to compliance and development means that partners can depend upon Play’n GO to deliver content that is “ready for all of their players to enjoy from the first day of global release, across multiple markets.”
He also pointed out that it is essential for players to feel safe when playing and that is why the company customizes its games to ensure that they meet local rules in regulated markets across the globe.
The Greek licensing system opened in October 2020 after the country passed its gambling reform bill in 2019.