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GREEK GOVERNMENT COMMITS TO REGULATED ONLINE GAMBLING
Friday, April 22, 2016 : GREEK GOVERNMENT COMMITS TO REGULATED ONLINE GAMBLING
But it's going to cost more in terms of taxation.
The Greek government has once again committed to properly and fairly regulating and licensing online gambling in order to replace the highly contentious 24 "temporary" licenses issued and then revoked by government last year, triggering legal actions.
But according to Parliamentary discussions this week a new process will likely bring with it an increase in the already high tax rate of 30 percent of GGR to as much as 35 percent...a major disincentive for operators.
InfoPowa readers will recall that earlier this year Greece’s Deputy Finance Minister Tryfon Alexiadis outlined his vision for a licensed industry, noting that online gambling tax paid to government was a mere Euro 60,000 over the preceding three years due to the legal uncertainty.
Alexiadis seemed confident that the right sort of plan on internet gambling could bring in half a billion much needed Euros for the government, and he envisaged a Euro 3 million fee for a five-year licence in addition to hefty taxation proposals.
It is not yet clear what the government's intentions are regarding its former monopoly (since sold to private investors) OPAP. Last year the government mulled the preservation of the company's stranglehold on Greek gambling, considering proposals to restrict online casino action to the company, which is unlikely to sit well with the European Commission.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
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