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Regulatory and licensing system For Online Gambling in Greece
Friday, January 8, 2016 : GREEK GOVERNMENT SET TO REFORM ONLINE GAMBLING LANDSCAPE (Update)
Deputy Finance Minister calls for licensing process to go ahead.
Speaking in the Greek parliament this week, the Deputy Finance Minister, Tryfon Alexiadis, said that the 3-year temporary online gambling licenses issued to 24 operators must come to an end and be replaced by a full regulatory and licensing system that puts money in the Treasury and raises appropriate levels of tax.
Our readers will recall that the temporary licensing regime introduced in 2012 has been the cause for acrimony, litigation and an attempted ban, and that in March last year the Greek government announced plans to issue new online gambling licenses in an effort to raise Euro 500 million a year through 5-year licenses priced at Euro 3 million each.
The publication Capital.gr reports that Alexiadis pointed out to lawmakers that the 24 online operators currently operating under the temporary regime have contributed minimal tax to the state coffers of around Euro 60,000 over the past three years.
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Opap in memorandum of understanding With Inspired -
Virtual sports provider Inspired has entered into a memorandum of understanding (MOU) with Greek betting and lottery operator OPAP for the supply of its full suite of virtual sports, for integration online and across OPAP's retail network.
DeltaCorp To Acquire ace2three -
Our readers will recall Delta Corp. acquired a 26 percent stake in Gaussian Networks, parent company of India’s largest online poker operator Adda52 earlier this month
More Australian POC Taxes -
In an interview with The Australian, Tabcorp chief executive offer David Attenborough warned “global rivals” of his belief that other Australian states are moving fast to follow South Australia’s lead in implementing a point of consumption tax.
William Hill Exits Russia -
"Starting from September 23 William Hill Casino Club will terminate its activities in the Russian territory for legislatory reasons. All active customer accounts will be suspended," the advisory reportedly detailed.
Pennsylvania Online Gambling Hearing Postponed till October -
HR 2150, which includes DFS and e-gaming elements, was passed as part of the critical state budget bill by the House in June this year, with lawmakers expecting the bill to contribute $100 million annually in licensing and fees to help balance the state budget.
Two Mega Fortune Dreams Jackpots Hit -
Both Swedish players, the first lucky punter hit a GBP 100,000 jackpot playing on his mobile phone, while the second, identified as Martin, staked just 18p before netting a GBP 60,000 jackpot on the popular series thinking he was playing in demo-mode.
ASA Looking at Ladbrokes and Netbet ads -
A TV ad for Cosmo Gaming’s NetBet online casino was determined by the UK Advertising Standards Authority (ASA) as glamorising online gambling following a single complaint.
Betconstruct In Deal With Realistic Games -
BetConstruct has agreed a deal in which it will integrate a range of Realistic Games online table and slot content including blackjack, roulette and slot titles Super Graphics Upside Down, The Fruit Factory and Fireworks.
XLMedia Half 1 2016 Earnings Report -
Online gambling marketing company XLMedia, which operates websites driving players to online casino operators, delivered robust interim results for the first half of 2016, attributing its success to investment in technology.
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