NetBet acquires new online gambling licenses in Greece

29 Jun 2021

NetBet Enterprises has been awarded sports betting and online casino licenses in Greece by the Hellenic Gaming Commission (HGC) in order to continue its operations in the country.

The newly issued licenses will be valid for an initial seven-year period, allowing NetBet to offer to Greek players online games, including more than 4000 titles on its casino section.

CEO of NetBet Enterprises, Gabriela Arnautu, stated: “We are excited that the Hellenic Gaming Commission granted NetBet Enterprises with these two new licenses. For over 20 years we have delivered the best sports betting and online casino experience to our players across the world and we are looking forward to growing our footprint in Greece.”

This action followed the new update in Greece’s gambling regulatory system, which was first introduced in January 2020, permitting two license types to potential operators; one for online betting and one for gaming, both of which NetBet has acquired.

Even though the initial draft of the bill considered banning RNG games entirely, legislators eventually decided to allow slots with several restrictions in place, such as the €2 cap per spin and a 3-second spin minimum.

NetBet will accompany GoldenRace, Playson, Betsson, Bet365, and Play'n GO in obtaining a national license under the new regulatory framework and continue its successful course within the Greek market.

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For years, NetBet had been considered a casino-minded website. However, in the last 2-3 years it has improved the sports betting offering dramatically. Besides already holding a UKGC and MGA license, it has expanded in many regulated markets, like Italy, the UΚ and Romania. Product-wise, I love the overall offering, but that does not mean that I haven’t spotted things that have to be improved. I enjoy the competitive pre-match odds on the top leagues. In the EPL, they are better than Bet365’s, but they are worse than Bwin’s in the German Bundesliga. The introduction of features like Add2Bet, Bet Maker, and SnapBet are exciting, and the same applies to the addition of the Live Streaming service. The multitude of payment methods is also vital, but the fees on withdrawals on any amount over €500 is a setback. The slow withdrawals, the low odds on the in-play section and the fact that Customer Support is not available 24/7 have to change asap. Overall, NetBet is a safe betting place and definitely one of the top destinations for European bettors.

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