From Protonotari Marina - Mononows.gr
Road races to gather the necessary documents to submit applications for the coveted permanent online gambling licenses, are currently being held by companies in the industry, since by 7/9/2020 the applications must have been submitted by those who are currently in transitional permit regime.
It is noted that on 7/9 closes a month from the publication of the Regulations with which the countdown for permanent licensing began and all interested parties began to run to gather the supporting documents to be submitted by 7/9/2020, with their applications to obtain permanent permits.
In addition to the companies already present in the Greek market, new players such as OTE-Intralot, casinos, William Hill and Pinnacle are expected to apply for a license.
Within a year the backlog closes
One of the main priorities of his ministry was to regulate the gaming market, said Finance Minister Christos Staikouras. Indeed, the government managed to complete all the procedures within a year in order to close a chronic problem, and to issue permanent licenses on the internet.
It is recalled that while Law 4002/2011 provides for a transitional period of operation of the companies providing betting and gambling services via the Internet until the final licenses are granted, finally this transitional period δέ lasted ten years. Today, at the end of 2020, we are close to the full regulation of this market, from which the Ministry of Finance estimates that it will derive, this year, revenues of 75 million euros, from the gambling tax that corresponds to 35% of gross profits.
In particular, it legislated in October 2019 the creation of an integrated, coherent and effective legal framework for the online gaming market, a framework that achieves the following multiple objectives:
Two types of licenses
There are two types of Licenses:
SOURCE https://www.mononews.gr/business/ti...ton-etiseon-trechoun-oli-gia-ta-dikeologitika
Road races to gather the necessary documents to submit applications for the coveted permanent online gambling licenses, are currently being held by companies in the industry, since by 7/9/2020 the applications must have been submitted by those who are currently in transitional permit regime.
It is noted that on 7/9 closes a month from the publication of the Regulations with which the countdown for permanent licensing began and all interested parties began to run to gather the supporting documents to be submitted by 7/9/2020, with their applications to obtain permanent permits.
In addition to the companies already present in the Greek market, new players such as OTE-Intralot, casinos, William Hill and Pinnacle are expected to apply for a license.
Within a year the backlog closes
One of the main priorities of his ministry was to regulate the gaming market, said Finance Minister Christos Staikouras. Indeed, the government managed to complete all the procedures within a year in order to close a chronic problem, and to issue permanent licenses on the internet.
It is recalled that while Law 4002/2011 provides for a transitional period of operation of the companies providing betting and gambling services via the Internet until the final licenses are granted, finally this transitional period δέ lasted ten years. Today, at the end of 2020, we are close to the full regulation of this market, from which the Ministry of Finance estimates that it will derive, this year, revenues of 75 million euros, from the gambling tax that corresponds to 35% of gross profits.
In particular, it legislated in October 2019 the creation of an integrated, coherent and effective legal framework for the online gaming market, a framework that achieves the following multiple objectives:
- The operating framework of the online gambling market is being upgraded and modernized through regulations.
- Conditions for healthy competition between market providers are ensured.
- The safe participation of the players is ensured, through systematic licensing and control rules.
- Investments are attracted.
- The revenues of the State are increased, both through the licensing process, and through the rationalization of the operation and the taxable base of this market.
- Gaming Regulation on Commercial Gambling Communication.
- Game Regulation on Change Management in Central Information Systems.
- Gaming Regulation on Fitness of Persons.
- Video Lottery Terminal (VLT) Slot Machine Regulation.
- Gaming Regulations - Technical Specifications of Conducting Gambling through Video Lottery Terminal (VLT) Machines.
- Gaming Regulation for the Organization and Conduct of Gambling via the Internet.
- Games Regulation Technical Specifications for Organizing and Conducting Games via the Internet.
Two types of licenses
There are two types of Licenses:
- Type 1 - Online Gambling License, for a fee of three million (3.000.000) euros.
- Type 2 - Other Online Gaming License, for a fee of two million (2.000.000) euros.
SOURCE https://www.mononews.gr/business/ti...ton-etiseon-trechoun-oli-gia-ta-dikeologitika