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June 21, 2021

Licenses should be replaced by a system that raises appropiate levels of tax, Deputy Finance Minister says

Greece set to reform online gambling landscape

Greece set to reform online gambling landscape
Speaking in the Greek parliament last week, the Deputy Finance Minister, Tryfon Alexiadis, said that the 3-year temporary online gambling licenses issued to 24 operators must come to an end.
Greece | 01/12/2016

Speaking in the Greek parliament last week, the Deputy Finance Minister, Tryfon Alexiadis, said that the 3-year temporary online gambling licenses issued to 24 operators must come to an end.

H

e said that the licenses must be replaced by a full regulatory and licensing system that puts money in the Treasury and raises appropriate levels of tax.

The temporary licensing regime introduced in 2012 has been the cause for acrimony, litigation and an attempted ban, and that in March last year the Greek government announced plans to issue new online gambling licenses in an effort to raise Euro 500 million a year through 5-year licenses priced at Euro 3 million each.

The publication Capital.gr reports that Alexiadis pointed out to lawmakers that the 24 online operators currently operating under the temporary regime have contributed minimal tax to the state coffers of around Euro 60,000 over the past three years.

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