Greece Online Gambling License
The liberalisation of online gambling in Greece has generated interest from many online gambling businesses from all over the world.
- Greece Online Gambling License Renewal
- Greece Online Gambling License Application
- Greece Online Gambling License Requirements
The Remote Gambling Association and the European Gaming & Betting Association are challenging Greece's new online gaming regulatory framework. In March 2015, the Greek government announced plans to issue new online gambling licenses in an effort to raise EUR 500 million a year for the country. The government issued licenses in 2011 for online gambling operators, but officials changed their minds soon afterward. There was another about-face recently and interim licenses were issued, allowing 24 global operators to cater to Greek residents once licenses were given.
The Greek gambling law will mark the emergence of an entire new industry in Greece: the online gambling industry.
Our Greek lawyers, support clients throughout the process of obtaining an online gambling licence in Greece, advising on compliance issues and business requirements, drafting relevant policies and terms for online gambling businesses and certainly advising on any relevant general corporate or commercial issues.
Online gambling businesses operating from aborad, have to make sure that they comply with the relevant requirements of the greek gambling law, in order to avoid any sanctions which might be imposed for non compliance with the provisions of the greek gambling law.
Greece Online Gambling License Renewal
Our lawyers advice on regulatory matters, ranging from the initial evaluation as to the necessity of a relevant licence to issues of compliance with the relevant regulatory requirements, licensing issues as well as specific obligations arising under the Greek Gambling Law.
Under its new casino operating licence, awarded by the regulator, MGE will look to construct a luxury hotel, premier entertainment venues, convention centre, shopping, dining, casino and a mix of premium amenities.
The new ‘Hellinikon Project’ will be focused on the site of the former Hellinikon International Airport in the Greek capital city of Athens.
The winning ‘Inspire Athens’ bid from MGE, submitted in partnership with local conglomerate Gek Terna, could see more than 7,000 jobs created in the region during and after construction, including direct, indirect and induced employment.
The bid was selected by the Tender Committee of the Hellenic Gaming Commission (HGC) in January this year, beating a rival proposal from Hard Rock International.
In addition, it is anticipated that the Hellinikon Project could boost international tourism in the Attica region is expected to grow by at least 10%.
“We are honoured to have been chosen by the HGC and believe that as the first integrated resort and casino experience in Greece, Inspire Athens will further solidify the city of Athens as one of Europe’s most enticing and iconic destinations,” MGE president and chief executive, Mario Kontomerkos, said.
Greece Online Gambling License Application
“We recognise the importance of this transformative effort for Greece and are looking forward to leading the charge for one of the most ambitious development projects ever undertaken in the country.”
Confirmation of the approved bid comes after Greece’s regulator this month opened the application process for its new online gaming licences.
Submissions can be made online for all legal entities, including shareholders, key executives, manufacturers, technology suppliers and certification bodies.
Greece Online Gambling License Requirements
Two types of licences will be made available, one to conduct online betting and the other to conduct other online games of chance.