{"id":2080,"date":"2020-01-08T11:17:38","date_gmt":"2020-01-08T11:17:38","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=2080"},"modified":"2026-04-24T09:08:07","modified_gmt":"2026-04-24T12:08:07","slug":"greece-gambling-legislation","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/greece-gambling-legislation","title":{"rendered":"Greece submits gambling legislation to European Commission"},"content":{"rendered":"\n

In order to update its current regulations, Greece drafted new gambling legislation and submitted it to the European Commission for review.<\/p>\n\n\n\n\n\n\n\n

Greece.- As the industry evolves, authorities need to keep rules updated as well in order to have a healthy market. That\u2019s why Greece has drafted new gambling legislation and submitted it to the European Commission.<\/p>\n\n\n\n

The main difference in the potential new landscape is to subject online sports betting and other games to different licences. The latter will only cost \u20ac2 million, while sports wagering operations will require a \u20ac3 million investment. Still, the Ministry of Finance has determined to have them both last seven years.<\/p>\n\n\n\n

Moreover, random number generator games will have a maximum stake of \u20ac2 under new regulations Greece plans for gambling. Their maximum profit per gaming session will also have a \u20ac5k limit, and jackpot game will have a maximum of \u20ac500k.<\/p>\n\n\n\n

Debt<\/strong><\/p>\n\n\n\n

Casinos in Greece have been asked<\/a><\/em><\/strong> to pay off their dues to the social security funds. The Single Social Security Entity (EFKA) has demanded casinos to contribute wt the money they\u2019re supposed to.<\/p>\n\n\n\n

As\u00a0Ekathimerini\u00a0reported, the head of the federation of local casino employees said that the EFKA wrote letters to casino managers. The contributions due are around \u20ac100 million, but the weak financial state of some casinos in Greece suggest that these gambling payments cannot be made and thus some facilities may end up with closure.<\/p>\n\n\n\n

The Loutraki, Rio, Corfu and Alexandroupoli casinos are in risk, as they\u2019re indebted. The ones in Rhodes, Syros and Porto Carras in Halkidiki are also in debt, the news outlet reported. The only casinos without dues to the social security funds are those in northwestern Macedonia, Parnitha and Thessaloniki.
<\/p>\n","protected":false},"excerpt":{"rendered":"

In order to update its current regulations, Greece drafted new gambling legislation and submitted it to the European Commission for review.<\/p>\n","protected":false},"author":2,"featured_media":2083,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Greece has drafted new gambling legislation, submitted to the European Commission, proposing differentiated B2C online sports betting (\u20ac3M) and other online games (\u20ac2M) licenses, both valid for seven years, alongside new stake and profit limits for RNG games. Concurrently, several land-based casinos in Greece face significant financial distress due to approximately \u20ac100 million in outstanding social security contributions, raising concerns about potential closures.","focusai_entities":"European Commission, Ministry of Finance, Single Social Security Entity (EFKA), Ekathimerini, federation of local casino employees","focusai_location":"Greece, Loutraki, Rio, Corfu, Alexandroupoli, Rhodes, Syros, Porto Carras, Halkidiki, northwestern Macedonia, Parnitha, Thessaloniki","focusai_target_profile":"ceo_executive (0.95), regulator (0.98), compliance_legal (0.97), operator_casino (0.99), product_ux (0.85), payments_fraud_aml (0.75), investor_analyst (0.96), supplier_vendor (0.9), journalist_researcher (0.99)","focusai_suggestions":[{"label":"EC Review Timeline?","query":"What is the projected timeline for the European Commission's review and final implementation of Greece's new gambling legislation, and what are the potential for further amendments?"},{"label":"Impact on Operator GGR?","query":"How will the differentiated licensing costs and the \u20ac2 maximum stake \/ \u20ac5k profit limit for RNG games impact the projected Gross Gaming Revenue (GGR) and Net Gaming Revenue (NGR) for both new entrants and incumbent operators in the Greek market?"}],"footnotes":""},"categories":[16331,2234,154],"tags":[29,3338,225],"class_list":["post-2080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-elsewhere-news","category-emea","category-legislation-news","tag-casino","tag-greece","tag-legislation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=2080"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2080\/revisions"}],"predecessor-version":[{"id":21636,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2080\/revisions\/21636"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/2083"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=2080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=2080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=2080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}