Tuesday, October 9, 2018

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Greece proposes new online gambling licensing plans

The bad news? They will have to shell out 4million for a new licnese for sports betting alone. For any additional gambling services like there will be an additional licensing fee of 1 million. According to the new proposals, the new licenses will be valid for five years, and operators must apply for renewal at least one year in advance of the license expiration, with renewal fees equal to the original license fee. Applicants must submit a deposit of 500k and demonstrate that they hold a license to operate online in another European Union market, along with records of their previous three years of financial performance.

For the original version including any supplementary images or video, visit https://europeangaming.eu/portal/latest-news/2018/09/12/28003/greece-proposes-new-online-gambling-licensing-plans/

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