The new Greek draft gambling law submitted to the European Commission

8 Jan 2020

greek-lawThe new draft law on online gambling, that was initially submitted to the Hellenic Parliament on October 9, 2019, has been eventually submitted to the European Commission (TRIS) on the 31st of December 2019 by the Greek Ministry of Finance. It will be under review for three months, with the 1st of April 2020 marking the end of the consultation period.

According to the provisions of the law, online sports betting and other online games (i.e. poker, casino games and RNG games) will be subject to different licenses. More specifically, the acquisition fee for a sports betting license will be at €3m, while the fee for a license of other online games will be at €2m. Both license types will be valid for a period of 7 years.

It is worth mentioning that RNG games will be subject to a maximum stake of €2, while the maximum profit per gaming session will be at €5,000. As regards the jackpot, the maximum payout will be at €500,000. Furthermore, there will be some restrictions regarding the advertisement of RNG games, that can only be promoted on the websites of the operators that offer them.

Nonetheless, the aforementioned advertising restrictions won’t be applicable to other types of online gambling, such as live casino games, poker or sports betting; while the minimum gambling age for all types of online games will remain at 21.

It is also worth noting that all the operators that were included on the blacklist issued by the Hellenic Gaming Commission (HGC) 12 months prior to the submission of their license application, will not be eligible to apply for a new license.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

Crypto-focused sportsbook and casino Stake.com has entered into a partnership with online gaming provider Aspire Global ahead of its launch in the Bri...

Read more »

With EURO 2020 starting today, Entain has made the estimation that more than 3 million people will place bets on the tournament, with almost 50% of UK...

Read more »

Former Liverpool FC and Republic of Ireland football player Jason McAteer has signed up with the online casino and sports betting operator LV BET as a...

Read more »

The well-known bookmaker Betsson, has struck a deal with the South American Football Confederation (CONMEBOL) to become the official regional sponsor ...

Read more »

Gambling operator William Hill has made the first steps of expanding into the LATAM gambling landscape, by going live in Colombia, building on its acq...

Read more »

Swedish operator Betsson Group has been granted online gaming and sports betting licenses by the Hellenic Gaming Commission (HGC), both of which will ...

Read more »

The renowned bookmaker Expekt, is the newest acquisition of the LeoVegas Group and will soon be relaunched to offer an improved sports betting product...

Read more »

Kansspelautoriteit (KSA), the Dutch gambling regulator, has entered a ‘cooperation agreement’ with the United Kingdom Gambling Commission (UKGC). The ...

Read more »

The renowned bookmaker STSBet has solidified its presence in international markets even more, after the launch of the revamped version of its website....

Read more »

The fast-growing bookmaker Betiton is announcing a new addition to its team, Djibril Cisse. The famous striker will be adding his energy on the market...

Read more »

LIST OF TOP BOOKMAKERS
22bet
  • 1.000+ live events daily
  • 95% payout on top leagues
  • Cashout
100% up to €122
1xBet
  • 1.000 live matches daily
  • Asian Handicap
  • 50+ sports
  • Code:BOOKSPY
100% up to €130
Stake.com
  • 95% overall live betting payout
  • 500,000 pre-match events/year
  • 100+ extra bets on top footy events
200% up to $1000
Rabona
  • 20.000+ live events per month
  • 95%+ on Top 5 leagues and NBA
  • Alternative handicaps on basketball
100% up to €100
888sport
  • 10.000 live events per month
  • 40+ sports
  • Bet Builder
  • Code:30FB
€30 Free Bets
Zodiacbet
  • 30+ sports
  • Asian Handicaps
  • Card and Corner bets
  • Code:ZB100S
100% up to €100
20Bet
  • More than 1,000 live events/day
  • 150+ markets in football
  • 40,000+ events/month
100% up to €100
Librabet
  • High odds on football
  • Huge variety of betting markets
  • Intriguing welcome bonus
150% up to €150
Bwin
  • 50+ sports
  • Cards & Corners
  • Edit my bet
High Odds
Bet365
  • Ideal for football lovers
  • 150+ extra bets on top leagues
  • Multiple Asian handicap markets
€25 Bet Credits
Rolletto
  • 95%+ on tennis
  • Alternative spreads on basketball
  • Asian View
120% up to €240
Mystake
  • Few country restrictions
  • 1,000+ pre match events daily
  • 400+ football markets
100% up to $500
Unibet
  • 250.000+ pre-match events/year
  • 10.000+ live events monthly
  • 96%+ on Asian Handicaps
100% up to €50
FEZbet
  • Cashout
  • Next Minute bets
  • Fast Markets
150% up to €100
Unikrn Sports
  • 1,000+ events daily
  • More than 25 sports
  • 7+ languages
200% up to $200
LATEST BOOKMAKER PROMOTIONS