The online gaming landscape in Greece has transformed significantly over the years, introducing a structured and regulated environment for both operators and players alike. Together with the comprehensive legal framework established lately, obtaining an online gaming license has become a priority for businesses looking to tap into this burgeoning market.
The local market is witnessing rapid growth, driven by an expanding population of engaged players and a wide array of gaming options. In 2023, the market was estimated to be worth over €680 million in total gross gaming revenue (GGR), with online betting contributing a great share of the revenues. This figure represents a notable increase compared to pre-regulation levels, demonstrating the appeal of regulated environments for players and operators alike. Recent reports indicate that the market is projected to grow faster than any other EU country in the coming years, with online gambling becoming increasingly popular. This trend can be attributed to the rise of mobile gaming, which allows players to access their favorite casino games or sports betting platforms from anywhere, at any time. Furthermore, the government has implemented regulations to ensure fair play and consumer protection, which has significantly contributed to the industry’s growth.
Greece Online Gaming Licenses
In Greece, the online gaming licensing framework is designed to encompass a variety of operational models, including Business-to-Consumer (B2C), Business-to-Business (B2B) for platform and game providers, and media affiliate licenses.
The Hellenic Gaming Commission (HGC) plays a pivotal role in regulating the online gaming landscape in Greece. As the central authority overseeing all gambling activities, the HGC is tasked with enforcing compliance with national laws and international standards. The Commission’s responsibilities extend beyond merely issuing licenses; it actively monitors the gaming market to ensure that operators adhere to fair play regulations and protect consumer interests. One of the critical functions of the HGC is to enforce responsible gambling measures. This includes requiring operators to implement tools for self-exclusion, deposit limits, and access to support services for individuals experiencing gambling-related issues. By promoting a culture of responsible gaming, the HGC aims to mitigate the risks associated with gambling and safeguard vulnerable populations, particularly minors.
B2C licenses allow operators to provide direct gaming services to consumers, such as online casinos and sports betting platforms, Greece offers two B2C licenses for online gaming:
- Type A License For online betting activities;
- Type B License For other online games such as casino games and lotteries;
The investment in these licenses reflects Greece’s dedication to maintaining a high standard within the industry. The Type A license for online sports betting fee is €3 million (These fees must be paid to the HGC upon application approval., while the Type B license for online casinos and other games costs €2 million. Both licenses are valid for seven years, with the option to renew upon meeting the necessary requirements.
Conversely, a B2B license (Manufacturer Suitability License Category A1) is tailored for companies that supply gaming technology, software, or services to licensed operators. This segment has seen growth, with technology firms providing innovative solutions to enhance user experience and operational efficiency. In order to apply for a B2B license in Greece, the way is to present a B2B license from another EU country including the technology certificates such as RNG GLI, ISO and additional information that will be requested from the HGC.
Media Affiliate Licenses for Online Casino Gaming & Sports Betting in Greece have become a crucial component of the online gaming ecosystem, where affiliates promote gaming products and earn commissions based on player referrals or generated revenue, as a result, the HGC has developed an Affiliate license. In order to promote such activities in Greece, operators must ensure that their affiliate partners are compliant with the HGC’s guidelines, promoting responsible gaming and protecting vulnerable players. The licensing process is similar to the B2B license process, with the relevant changes (not presenting existing license and technology information). Online affiliate marketers may provide their services to online operators operating in the online casino gaming and sports betting verticals under the same license.
The process of obtaining a gaming license in Greece involves several similar basic key steps, such as ensuring that operators meet stringent regulatory standards. The application process begins with submitting the required documentation to the HGC, including a comprehensive business plan, proof of financial stability, and background checks for key personnel. Once the application fee is paid, the HGC initiates a detailed review process, which can take several months to complete. Operators must also demonstrate compliance with fair play standards and responsible gambling protocols to build consumer confidence and foster a secure gaming environment.
In terms of costs, potential licensees must budget for both the initial licensing fee and ongoing compliance expenses. For example, maintaining a license requires regular submission of operational reports and adherence to tax obligations, which can significantly impact an operator’s overall financial performance. Furthermore, operators must invest in independent audits to ensure transparency and fairness in their gaming operations. These costs can accumulate quickly, underscoring the importance of thorough financial planning for aspiring gaming operators in Greece.
Financially, the Greek government has established a structured tax regime for online gaming operators. A notable aspect is the 35% gross gaming revenue tax, which applies to all regulated online gambling products. This tax structure is designed to foster a sustainable gaming environment while generating revenue for public services. Additionally, operators must navigate the costs associated with obtaining a license, which includes an application fee of approximately €10,000 for B2C licenses. The initial licensing fee for the first year is roughly €17,500, a considerable investment that reflects the government’s commitment to maintaining a regulated and responsible gaming market. To thrive in this environment, operators must adopt robust accounting practices and ensure compliance with all regulatory requirements. This includes accurate revenue reporting and timely tax payments, which are critical for maintaining their licenses. It is also essential for operators to consider the potential for growth in the Greek market, as the increasing popularity of online gaming can lead to substantial revenue opportunities, provided they navigate the regulatory landscape effectively.
In conclusion, Greece’s online gaming licensing framework offers a structured approach for operators seeking to enter a rapidly growing market. With the Hellenic Gaming Commission at the helm, the regulatory landscape ensures a secure and responsible gaming environment for players. As the market continues to evolve, understanding the intricacies of licensing, financial obligations, and compliance will be crucial for operators looking to capitalize on the opportunities presented by Greece’s vibrant online gaming sector. The transition towards a well-regulated gaming market not only protects consumers but also fosters a sustainable industry that can thrive in the long term.
Porat Group has been a leading force in the global gaming industry for years. With partners and agents spanning the major capitals of Europe, Asia, and the Americas, the firm’s team of elite attorneys and agents are well-versed in the complex regulations that govern the lucrative world of online gambling and games of chance.
For more information on Greece regulation or regulation in other jurisdictions, contact us and we would be happy to assist you throughout your process.
Or Reizis, adv.
Senior associate, Porat & co` Law Firm.
The information provided in this article is for general informational purposes only and does not constitute legal advice. While every effort has been made to ensure the accuracy of the information, laws and regulations may change, and the content may not be up-to-date or applicable to specific circumstances. For personalized legal advice, please consult our qualified legal professional.
Sources
- Hellenic Gaming Commission (https://www.gamingcommission.gov.gr/index.php/en/);
- Greece Gaming License – softswiss (https://www.softswiss.com/licensing/greece/);
- Online Gaming and Suitability Licenses in Greece – Calypsis (https://calypsis.legal/online-gaming-and-suitability-licences/);
- Lists & Registers (https://www.gamingcommission.gov.gr/index.php/en/supervision-and-audit/lists-and-registers);
- Gambling Industry in Greece | SoftGamings (https://www.softgamings.com/products/licensing/gambling-industry-in-greece/);
- Gaming Law 2023 – Greece – Chambers Global Practice Guides (https://practiceguides.chambers.com/practice-guides/gaming-law-2023/greece);