Online gaming operators need to be licensed by the Hellenic Gaming Commission (the ‘‘HGC’’) to provide betting and/ or casino-type gaming services in Greece.
Online gaming licences for the offer and carrying out of gaming services take either of the following two forms: a) Type 1 Online Betting Licence which permits operators to accept wagers on sporting or other events, fantasy sports and virtual events on the basis of a random number generator (RNG), and b) Type 2 Licence for Other Online Games which include casino-type games, poker and its variants, whether conducted live or with the use of RNGs.
The licences cost three million euros for online betting and two million euros for other online games and are valid for a seven-year period. Companies can apply for one or both of these licences. Online gaming licences may be granted to companies seated in Greece or in another EU or EEA country.
In addition to the licensing of operators, the legislation requires a number of other gaming related activities to receive a finding of suitability. In particular, there is the concept of ‘‘suitability of persons’’ which applies to a number of functions including the operator’s shareholders, partners and key employees. Manufacturers and importers/ suppliers of gaming related technical means and materials and affiliates that offer promotional services to operators are also required to be certified as to their suitability.
The HGC will consider a number of factors and criteria in determining whether an applicant is eligible for a gaming licence or finding of suitability.
At Calypsis, our experience is such that we can guide our clients through the intricacies of the different gaming licensing requirements and make the process of obtaining a licence as expedient as possible.