At the beginning of August 2021, the new regime regarding online gambling and betting started, with 15 companies that managed to obtain the seven-year licenses from the E.E.E.P. (Gaming Supervision and Control Committee).
With this new beginning, the preparation for the new revenue control system of the gambling companies began. In this new system, the companies are obliged to cooperate with the E.E.E.P. giving it all the information about the revenue and the latest moves of the company in real time.
The creation of this system will help in the reliability and transparency of the online casino industry where it was one of the latest flaws that one could find.
What does EEEP change in the examination of online casinos?
This examination technically concerns the connection that the information systems of live casinos will now have with the information system of Ε.Ε.Ε.Π. This data will then remain secure in a digital library where there can be no interference.
The decision to create this new regime was made due to rumors of tax evasion and concealment of revenue from online casinos. To make it clearer, the gambling and betting revenues so far have been calculated based on the statements of the companies themselves.
In addition, all companies will have to add all their data to a digital warehouse every two hours. After the addition, however, no changes can be made to the data.
Based on the above, Ε.Ε.Ε.Π. A tender was launched for the creation of a central data warehouse as well as an information system for reporting and business intelligence amounting to 1.22 million euros. The goal is to better supervise companies with gambling licenses.
How will this change affect the market?
This new regime has already brought some changes to the online casino market. Suffice it to say that out of the 21 companies that applied for licensing, only 15 finally managed to obtain one. The process continues to work for the rest of the companies that want to join the industry where it is certain that it will continue to thrive.
If we look at the increase in revenue in recent years in online casinos we will understand that the gambling space is very profitable. Based on the data from the E.E.E.P. Total gross income increased by 34,46% and the general use of (TGR) remote gambling amounted to 72,11% compared to 2019.
Now all companies wishing to join the field of online gambling in Greece must be fully prepared to operate with transparency and integrity.
Why are these changes user-friendly?
All of the above could not be unfavorable to gambling players. The changes mentioned above help users try their luck in a safer environment. The use of gambling will now only be done through legal online casinos and so the player will feel more trustworthy than the area where he is having fun.
Whether one wants to use the companies' platforms for sports betting, or for their casino part, one will now find a very wide range of games of chance to enjoy through its screen.
In recent years, more and more people involved in gambling are resorting to the online casino solution. The future in this Greek community is predicted to be even bigger, since we see that the E.E.E.P. is trying to give more and more reasons to new users to start having fun on online casino platforms.
source kozanilife
With this new beginning, the preparation for the new revenue control system of the gambling companies began. In this new system, the companies are obliged to cooperate with the E.E.E.P. giving it all the information about the revenue and the latest moves of the company in real time.
The creation of this system will help in the reliability and transparency of the online casino industry where it was one of the latest flaws that one could find.
What does EEEP change in the examination of online casinos?
This examination technically concerns the connection that the information systems of live casinos will now have with the information system of Ε.Ε.Ε.Π. This data will then remain secure in a digital library where there can be no interference.
The decision to create this new regime was made due to rumors of tax evasion and concealment of revenue from online casinos. To make it clearer, the gambling and betting revenues so far have been calculated based on the statements of the companies themselves.
In addition, all companies will have to add all their data to a digital warehouse every two hours. After the addition, however, no changes can be made to the data.
Based on the above, Ε.Ε.Ε.Π. A tender was launched for the creation of a central data warehouse as well as an information system for reporting and business intelligence amounting to 1.22 million euros. The goal is to better supervise companies with gambling licenses.
How will this change affect the market?
This new regime has already brought some changes to the online casino market. Suffice it to say that out of the 21 companies that applied for licensing, only 15 finally managed to obtain one. The process continues to work for the rest of the companies that want to join the industry where it is certain that it will continue to thrive.
If we look at the increase in revenue in recent years in online casinos we will understand that the gambling space is very profitable. Based on the data from the E.E.E.P. Total gross income increased by 34,46% and the general use of (TGR) remote gambling amounted to 72,11% compared to 2019.
Now all companies wishing to join the field of online gambling in Greece must be fully prepared to operate with transparency and integrity.
Why are these changes user-friendly?
All of the above could not be unfavorable to gambling players. The changes mentioned above help users try their luck in a safer environment. The use of gambling will now only be done through legal online casinos and so the player will feel more trustworthy than the area where he is having fun.
Whether one wants to use the companies' platforms for sports betting, or for their casino part, one will now find a very wide range of games of chance to enjoy through its screen.
In recent years, more and more people involved in gambling are resorting to the online casino solution. The future in this Greek community is predicted to be even bigger, since we see that the E.E.E.P. is trying to give more and more reasons to new users to start having fun on online casino platforms.
source kozanilife
