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Greek Online Gambling License Auction
Posted 1/26/11 : Fifteen to Fifty licenses for a duration of five years says Greek Finance Ministry
Reuters reports that the Greek Finance Ministry has proposed to auction fifteen to fifty online betting licenses with a five-year duration and allow up to 30 000 low-stake gaming machines in plans presented in a draft gaming bill at a cabinet meeting.
The proposed law stipulates that Greece will hold an international tender to grant the licenses that will be provided exclusively through Greece-based websites and will be submitted to parliament "as soon as possible", said the Finance Ministry.
The new framework envisages a 6 percent gaming tax on revenue for both online gaming and gaming machines, which will allow Greece to achieve its revenue target of Euro 700 million from licensing and royalties in 2011.
The draft also envisages the issuance of between four to ten slot machine licenses, which will allow the successful bidder up to 30,000 machines with an 80 percent minimum payout ratio. Bidders must be public entities with share capital in excess of Euro 500,000 that are based in Greece or have permanent presence.
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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