Greek HGC’s Steps In Licencing Procedure Begin Approval

The Hellenic Gaming Commission (HGC) has declared to all legal entities and interested parties that applications for the registration of key employees, suppliers and services for its licencing procedure have started to be approved.

Following the approval by the European Commission of the amendments and controls requested by the Greek Ministry of Finance at the beginning of the year, the HGC is authorised to extend its licencing process to cover more applicant details.

The HGC has maintained, pending changes, that it will retain two separate B2C licences for online sportsbooks and chance games (online poker and casino).

The HGC has been advised to extend licencing standards to include core operating and management remits as part of its regulatory reform.

In relation to their owners, management, suppliers, technicians and certification bodies, parties that have applied for Greek B2C licences must comply with disclosures on ‘suitability licensing.’

The HGC maintained that a EUR 3 million licence for sportsbooks would adhere under its new licencing system, while games of chance would be protected by a EUR 2 million charge, with each licence valid for a seven-year duration.

The Greek government ended its ‘transitional window’ which had been in effect since 2011 as a ‘legal step’ at the close of March trading to allow 24 operators to begin serving the online gambling marketplace of Greece under a ‘temporary status.’

All existing Greek operators have stated that they have submitted applications to HGC to continue operating within the country, taxed in addition to further corporate charges at a 35 percent gross gaming revenue rate.

The HGC added that unlicensed operators considered to have unlawfully targeted Greece will not be eligible to apply for licences prior to the 12-month period following the relaunch of the industry.