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Greece proposes new online gambling licensing plans

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The Ministry of Finance of Greece has published its much expected and long-delayed proposals to restructure the country’s online gambling field. There is good news and bad news for the 24 gambling operators who have been functioning on “transitional” permits since 2011. The good news first. The 24 operators will get a chance to apply for new licenses. The bad news? They will have to shell out €4million for a new licnese for sports betting alone. For any additional gambling services like there will be an additional licensing fee of €1 million.

According to the new proposals, the new licenses will be valid for five years, and operators must apply for renewal at least one year in advance of the license expiration, with renewal fees equal to the original license fee.

Applicants must submit a deposit of €500k and demonstrate that they hold a license to operate online in another European Union market, along with records of their previous three years of financial performance.

Applications would not be available to any operator whose name has appeared in Greece’s online gambling blacklist in the 12 months prior to submitting their application. Among the most recent additions to the blacklist include multiple brands associated with UK-listed GVC Holdings.

It also remains to be seen whether the unresolved €187m back-tax demand submitted in January to GVC will preclude the company from either applying for or receiving a new Greek license. GVC has put aside money to cover this tax obligation, which it is challenging in court.

Applicants must base their Greek-facing operations’ servers within the country and establish accounts with locally licensed payment processing institutions. Operators must also conduct their Greek-facing business via a dot-gr domain.

The new licensing plan includes a variable tax on online gamblers’ winnings, which are to be withheld by the operator for remitting to the taxman. Winnings under €100 would not be taxed, but winnings above €100 but less than €500 will be hit with 15 per cent tax, while winnings above €500 will be taxed at 20 per cent.

The government’s list of its new online rules do not specify whether it has had a change of heart regarding its original plans to tax operators’ revenue at 35 per cent. Given Greece’s significant unpaid debts to its international moneylenders, it seems doubtful that the government would offer operators any breaks on this point.

The Ministry has opened a consultation into its proposed online regime, and interested parties are invited to submit their proposals, opinions and comments by October 5. Applicants will learn of their acceptance within two months of filing, and the failure to learn of a positive vote will be considered a rejection of their application.

Last month, Greece’s Gaming Supervision and Control Commission revealed that total online sports betting turnover at its 24 temporary licensees hit nearly €5.3b last year, around €300m higher than the previous year. Spending at Greek-facing operators not holding a local license was reportedly worth an additional €5b.

 

Source: calvinayre.com

Source: Latest News on European Gaming Media Network

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Spinosaurus – The Thrilling New Slot Game from PopOK Gaming

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PopOK Gaming is thrilled to announce the release of its newest slot game, Spinosaurus – a captivating 3×5 slot that transports players back to the thrilling age of dinosaurs!

With vibrant, colorful visuals and dynamic gameplay, Spinosaurus features the iconic, mighty dinosaur as your guide on an adventurous quest for massive wins. Players can immerse themselves in prehistoric excitement while aiming for incredible rewards.

Key Features:

In the Bonus Game, players encounter the fierce Spinosaurus, spinning for multipliers, free spins, and other exciting rewards. For those eager to jump straight into the action, the Buy Bonus feature lets players skip right into the heart of the adventure for even more fun and potential rewards.

Whether chasing big wins or exploring the ancient world of dinosaurs, Spinosaurus offers a truly wild and exhilarating gaming experience.

Game Overview:

  • Provider: PopOK Gaming
  • Game Name: Spinosaurus
  • Game ID: 134
  • Category: Video Slot
  • RTP: 96.20%
  • Hit Frequency: 37.72%
  • Max Win: 2,500x total bet
  • Volatility: Medium
  • Min/Max Bets: 0.02/100 EUR
  • Release Date: October 18, 2024

Dive into the prehistoric era and experience the thrill of Spinosaurus today! Visit popokgaming.com to learn more or contact your PopOK Gaming account manager to add this exciting new game to your platform.

The post Spinosaurus – The Thrilling New Slot Game from PopOK Gaming appeared first on European Gaming Industry News.

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Evoplay expands Italian footprint through strategic partnership with Domusbet

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Evoplay, the award-winning game development studio, has taken its content live with Domusbet, further strengthening its presence in the Italian market.

The integration features 32 of Evoplay’s premium slot titles, including Budai Reels Bonus Buy, Hot Volcano, and The Greatest Catch Bonus Buy that have proven popular with local players.

Renowned for its innovative approach, Evoplay’s titles aim to enhance player retention and engagement, providing a distinct competitive advantage to operator partners in the Italian market.

Domusbet offers a premium online casino in Italy and with a growing customer base, the collaboration sees Evoplay reach a new audience in the country where it has been live for several years.

The partnership reaffirms Evoplay’s commitment to becoming a leading supplier to the global iGaming industry and follows a number of prominent commercial deals that have seen the studio expand its reach in key markets.

Ihor Zarechnyi, CBDO at Evoplay, said: “Partnering with Domusbet is an exciting opportunity for Evoplay as we expand in Italy.

“Domusbet shares our commitment to quality and player satisfaction, making this a natural fit. We’re delighted to bring our games to a new audience and look forward to a successful collaboration.”

Francesco Di Paola, President of Domusbet, added: “We are excited to bring Evoplay’s cutting-edge games to our online casino.

“This collaboration reflects Domusbet’s commitment to providing our players with top-quality entertainment and an innovative gaming experience. With Evoplay’s popular titles now available, we’re confident our players will find a new level of engagement and excitement on Domusbet.”

The post Evoplay expands Italian footprint through strategic partnership with Domusbet appeared first on European Gaming Industry News.

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BETFRED LAUNCH NEW STUDIO AND LIVE PRESENTERS FOR EXCLUSIVE NUMBERS GAME

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Bookmaker Betfred have launched a brand-new studio and live presenters for their exclusive numbers game ‘Nifty 50.’

The ‘Nifty 50’ is a fixed odds numbers game featuring five live draws a day with a jackpot of 5 million pounds for every draw.

The exclusive product now has a new hi-tech purpose-built studio at their head office in Birchwood, Warrington. The new studio is part of a major refurbishment project at Betfred’s headquarters.

Plus, for the relaunch Betfred have employed two new presenters Joshua Littlehales and Grace Constantinou.

Joshua Littlehales who has worked for Tameside Radio and LADbible said, “The new studio looks amazing, and I feel impressed each time I step inside. I feel excited to call it my professional home.”

Grace Constantinou who is a Media and Performance graduate from Salford University added, “I saw the studio when it was dust and walls and now to see it completed its very impressive.”

Betfred boss Fred Done said, “The whole idea behind Nifty 50 is for customers to win big for small stakes, and to now promote it with a purpose-built studio and live presenters I am delighted.”

Betfred commissioned Paul Sudlow to be the production designer, he came in with a wealth of experience having recently worked on ITV’s Euro 2024 studio in Berlin and the Rugby Union World Cup in 2023.

The screens and lights were provided by Whitelight based in Wimbledon while Monkey Scene provided the set construction.

The exclusive Nifty Fifty draw can be viewed five times a day in Betfred’s shops, online and at youtube with BetfredLotto.

 

The post BETFRED LAUNCH NEW STUDIO AND LIVE PRESENTERS FOR EXCLUSIVE NUMBERS GAME appeared first on European Gaming Industry News.

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