Green light on online gambling licenses with 3 to 4 million in development

Siomos1

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6 Apr 2016
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Green light on online gambling licenses with 3 to 4 million in development

Online-Sports-Betting-1.jpg

Green light on online betting licenses for 3 to 4 million, 7 years, will provide for the new government development law, which will be forwarded to the Greek parliament within days, according to the Kathimerini daily.

The new development law will allow online gambling to be based on generators of lucky numbers, ie the well-known VLTs ("slots").

Emphasize that 7 year licenses will cost 3 million for the right to provide online sports betting and will be increased by 1 million for the right to provide gambling, ie casinos as well as VLTs.

The Council of State, in a series of decisions, found the existing regulatory forecasts unconstitutional, so the government was forced to adjust the existing framework. This resulted in OPAP losing its right to sports betting online. Indeed, competitors would soon have the same result.

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BetLaden

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The amount is small and it is a pleasure because it will open the door for many companies.

3 cm for sportsbook
1 cm for casino

For 7 years ....

I only see it positively!
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Siomos1

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6 Apr 2016
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The good news is that there will now be a standard 7 years frame that hasn't existed so far. Great thing considering that some betting brokers have entered Greece for this very reason. You can't ask for other things every year. Don't know what will happen. Move on. Based on the figures that have surfaced betting revenue every year and are growing, for 2018 there have been some with hundreds of millions. It is well known that our country is a good "shop". Personally, I would describe it as a very good development.
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gina774

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Now let's not get into those trails you know what I mean and we don't have to play it smart like that. Legally, theoretically and practically, left
I honestly don't know what you mean. sorry i am new to the forum and in no case do i want to play it smart.

Ertzan

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I honestly don't know what you mean. sorry i am new to the forum and in no case do i want to play it smart.
New to the forum but first message you said let me throw away my wit and show them I know more than they do.

The above said to you "Exchanges will continue to be banned at zero" what does that mean? How out of 2012 they are banned you can't play LEGAL. You come and tell us "Betfair never went away. Those who deal never stayed in Greece" Something has changed and someone can play LEGAL and we don't know it; One can get into betfair on her page LEGAL? It can be written LEGAL? The answer is clearly NO like the NO we said to the Italians on October 28 on 1940.

Do you understand now? He knows their sideways ways, and what he told you is forbidden, and I and many here are talking about the investment and the permits that will be given but obviously not for Exchanges. So leave the style wonders "There has never been any Exchangers who deal in Greece etc"

Balaton

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some reports said that the swap will be allowed too .. I don't know if it's true or not ..
Betting exchanges are prohibited in Greece under paragraph 4 of article 48 4002 / 2011. Under the new law, the above paragraph continues to apply.
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soupnik

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I'm reading the draft law now. It was reported to be 1m the casino license but I see it at 2m. And I see that it will not be taxing players on profits alone, as SYRIZA wanted. Stays 15% and 20% per 24 hour as it is now, nothing changes.
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