Greece Proposes to Issue Online Gaming Licenses to Fix its Fiscal Problems
Key Takeaways
  • Greek Finance Minister Yanis Varoufakis has proposed issuing new online gaming licenses, breaking the quasi monopoly the previous government established.
  • The new licenses will cost €3 million each, and operators will be required to pay a minimum of €1 million a year in tax. Greece believes it can increase its tax revenues by €500m a year as a result.

Online gaming regulation in Greece has been a debacle over the last few years—now new Finance Minister Yanis Varoufakis has proposed issuing new online gaming licenses, breaking the quasi monopoly the previous government established.