« News index »
GREEK GOVERNMENT MAKES FURTHER CONCESSION IN GAMBLING REFORM PROPOSAL
21st March, 2011 at 13:39:34
Online operators will welcome latest change
Earlier this month it was a change from a tax on turnover to one on profits (see previous reports) - now the Greek government has apparently also removed provision for a 'black period' from its latest draft e-gaming bill currently before parliament.
The black period - a controversial interval during which applicants for a licence would have to cease all business involvement in the Greek market until a licence was awarded - raised concerns among many internet gambling operators with a significant stake in the Greek market.
There was speculation this week that the Greeks may be trying to avoid the delays and differences with the European Commission experienced by the Danes over similar moves last year.
Some of the other contentious restrictions still apply, such as the requirements for a Greek corporate presence, player ID cards and servers in-country, which are believed remain on the Greek agenda, but there has been some movement on the financial minimums demanded - down from Euro 500 000 to Euro 400 000, showing a Greek willingness to listen to interested parties.
Related News Tags: Greece
LAND CASINO INVESTOR BUYS MOBILE APP COMPANY
20th March, 2017 at 07:18:24
Is Amax planning on expanding its land asset?
OPAP UPGRADE CORE SERVICES
01st February, 2017 at 22:05:07
With Playtech, BetGenius and Novomatic.
CYPRUS AUTHORITIES TURNING UP THE HEAT ON INTERNET GAMBLING
29th November, 2016 at 06:40:03
National Betting Authority reports that around 2,500 illegal gambling websites are currently being ISP-blocked.
PMU AND HELLAS IN HORSE RACING POOL BETTING JV
28th November, 2016 at 14:03:47
Joint venture betting offer on French horse races.
BETRADAR SCORES OPAP DEAL
24th October, 2016 at 09:12:01
Sports betting data and analytics provider to supply major Greek online and land betting group.