Bet365 and Play’n Go both receive Greek licences
Bet365 joins Betsson in receiving a license to operate in the country, after the Swedish supplier announced its approval to offer both betting and gaming yesterday.
Play’n Go, meanwhile, is the first supplier to announce it is licensed under the new regulatory system.
However, 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.”
Olson added that he felt the supplier’s ability to customise games to local regulations would help it stand out in the market.
“We take immense pride in our games,” he said. “But we also love to bring more to the table too.
“The rigour in our approach to both compliance and game development ensures that our partners can rely on us to deliver entertaining content that is ready for all of their players to enjoy from the first day of global release, across multiple markets.
“But to truly enjoy a gaming experience, players must feel safe. And that’s why we’re only too happy to tailor our titles to ensure they comply with all local rules in regulated markets all over the world.”
The Greek licensing system opened in October of last year, after the country’s parliament passed the gambling reform bill in 2019.