Regulation Insight

Greece

The Greek government has announced that it will move legislation to expand the number of online gaming licenses it can issue.

Currently, OPAP has a monopoly position, although this is obscured by the existence of 24 “temporary” license holders whose licenses are set to expire in 2017.

Details on what tax rates and license fees will be levied have not been published, but they are likely to be relatively expensive.

The original proposal was made last year when a fee of €3 million and an initial payment of €1 million in advance gaming tax was presented as a part of a budget submission to the EU, ECB and IMF.