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

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.

Πηγές
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The daily
 
Last edited:
  • Like
Reactions: soupnik
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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Reactions: nectar and game
The positive thing is that now there will be a standard framework with a duration of 7 years that did not exist until now. Great thing if we consider that some bettors braked their entry in Greece for this reason. It is not possible to ask for other things every year. Do not know what will happen. Move on. Based on the data that have come to the surface of betting revenues every year and are increasing, for 2018 there were some with hundreds of millions. It is known that our country is a good "shop". Personally, I would characterize it as a very good development.
 
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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.
 
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 told you the following "Exchanges will continue to be banned whenever there is no quotient" what does this mean? How since 2012 they left are banned you can not play LEGAL. You come and you tell us "betfair never left. Those who deal with it were never left without an exchange in Greece" Something has changed and one 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? The one who told you knows the side ways and it is forbidden, and I and many others, so here we are talking about the investment and the permits that will be given, but obviously not in Exchanges. So leave the cleverness of the style "He never left or those who deal in Greece etc were not left without Spare Parts"
 
some reports said that the swap will be allowed too .. I don't know if it's true or not ..
 
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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Reactions: BetLaden
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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