bet365 and Play’n Go are among the first to receive operating and supplier licenses respectively from the Hellenic Gaming Commission (EEEP) under the new Greek regulatory regime.

Also this week, Betsson announced it was receiving a license to operate in the country, after the Swedish supplier announced its approval to offer both betting and gaming.

The Greek licensing system opened in October 2020, after the country passed a gambling reform bill in 2019.

From iGaming Business:

Under this system, operators and suppliers must abide by a number of strict operating conditions. Online slots – which an earlier draft of the regulations had sought to ban – are capped at €2 per spin, with a three-second spin minimum and a maximum win of €70,000 per round.

Operating licence holders, meanwhile, must pay a 35% gross gaming revenue tax rate.

“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,” Magnus Olsson, head of sales and account management for Play’n Go, said. “We will now work closely with our partners to ensure that their Greek operations are compliant with the new regulations.”
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