EGBA submits response to Greek gambling law changes

29.10.2018

The Greek Ministry of Finance (MoF) published a draft law and a consultation for the opening of the online gambling market. The consultation closed on 5 October 2018. The draft law aims in ending the current temporary licencing scheme and foresees the establishment of permanent licences of 5 years for live casino, live poker and betting, in order to modernise the current legal framework and follow European examples of best practices. The draft law, which partially amends the current law, establishes an extremely high licencing fee of 1m euros for live games and 4m euros for betting. It excludes RNG games such as roulette or black jack, while it foresees additional financial requirements: bank guarantees (500k euros), minimum capital (200k euros) and a fee of 10k euros to participate at the licencing procedure.

EGBA response to the consultation can be found here.