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NetBet obtains Greek supplier licences

| By Elena Carruthers
NetBet Enterprises has been granted a licence to operate in Greece from the Hellenic Gaming Commission, allowing it to supply its online casino and sports betting products.

The licence will initially be valid for a period of seven years during which time NetBet will distribute its online games to the Greek market, including more than four thousand titles.

CEO of NetBet Enterprises, Gabriela Arnautu, said: “We are excited that the Hellenic Gaming Commission granted NetBet Enterprises with these two new licences. 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.”

The move comes after the HGC updated its regulatory system in January 2020, allowing two licensing options to become available, one for online betting and one for gaming, both of which NetBet have obtained.

However, the legislation also caps slot spend at €2 a spin and a three-second spin minimum. A previous draft of the bill considered banning RNG games all together, but lawmakers eventually opted to allow slot with the restrictions in place.

NetBet joins GoldenRace, Playson, BetssonBet365 and Play n’ Go in obtaining a licence under the new regulatory system.

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