Greece Proceeds with Plan to Offer More Online Gambling Licenses in 2016
Key Takeaways
  • Last week, Greece’s Deputy Finance Minister Tryfon Alexiadis told Parliament that the government would introduce legislation to allow online gaming licenses to be issued.
  • The plans were first announced as part of a budget proposal presented to the EU, EB and IMF when Greece was negotiating for a new bailout plan.

Last week, Greece’s Deputy Finance Minister Tryfon Alexiadis told Parliament that the government would introduce legislation to allow online gaming licenses to be issued.

The plans were first announced as part of a budget proposal presented to the EU, EB and IMF when Greece was negotiating for a new bailout plan under the new left wing Syriza government.

The Greek financial crisis has been a major cause of instability for online gaming companies. 24 temporary license holders were issued in 2012 in response to complaints from the EU Commission that Greek gambling laws breached EU treaties.