The Greek online gaming industry is rapidly evolving, presenting significant opportunities for businesses looking to enter a dynamic, regulated market. With the introduction of a comprehensive legal framework, obtaining an online gaming license in Greece has become a strategic move for operators, technology providers, and media affiliates eager to tap into this burgeoning market.
Greece – a market on the Rise
Greece’s online gaming market has experienced remarkable growth, driven by a population eager for accessible, mobile-friendly gaming options. In 2023, the market exceeded €680 million in gross gaming revenue (GGR), with online betting as a major contributor. This growth rate surpasses most EU countries, making Greece one of Europe’s fastest-growing markets. The surge is fueled by mobile gaming, allowing users to engage in sports betting and casino games from anywhere, and is supported by government regulations that ensure consumer protection and fair play. With a robust regulatory framework in place, Greece is a thriving environment for operators and investors alike.
Licensing Options
The Hellenic Gaming Commission (HGC) oversees the licensing and regulation of Greece’s online gaming sector, offering license options for varied businesses:
- B2C License – For operators directly serving players, Greece offers two main licenses:
- Type A License: Designed for online betting activities with a licensing fee of €3 million.
- Type B License: Covers online casino games and lotteries, available for €2 million.
Both licenses are valid for seven years, with renewal options available upon compliance.
- B2B License – Companies providing gaming technology, software, or related services can apply for the Manufacturer Suitability License Category A1 – This license is ideal for technology firms supplying to Greek-licensed operators, ensuring innovation and a seamless gaming experience. You will need to present a B2B license from another EU country for the process and existing certifications (like RNG, GLI, ISO) can strengthen your application.
- Affiliate Licenses – Media affiliates are essential to Greece’s online gaming ecosystem, promoting licensed gaming platforms to drive traffic and revenue. The HGC has implemented a streamlined licensing process for affiliates, allowing them to operate under the same compliance guidelines as other gaming licenses, without requiring prior technology certifications.
- Each of these licenses is designed to uphold Greece’s high regulatory standards, enhancing consumer trust and ensuring a safe, fair gaming environment.
Streamlined Licensing Process with the HGC
Applying for a Greek gaming license is straightforward yet thorough, requiring a strong commitment to regulatory standards. Operators must submit detailed documentation, including:
- Business Plan and Financials: Proof of financial stability is essential to support long-term operations.
- Compliance with Fair Play Standards: Ensuring responsible gaming protocols like self-exclusion options, deposit limits, and access to support services for problem gamblers.
Once submitted, the HGC reviews each application in-depth, a process that can take a few months. Applicants must also budget for ongoing compliance expenses and independent audits, reinforcing transparency and adherence to regulatory requirements.
Structured Taxation and Financial Requirements
To support a sustainable gaming market, Greece imposes a **35% gross gaming revenue tax** on all regulated online gambling activities. Additionally, the government has set an initial application fee of approximately €10,000, with a yearly fee of around €17,500 for B2C licenses. These costs, while substantial, reflect the high standard of Greece’s gaming environment, ensuring a reliable framework for both operators and consumers.
To thrive, operators must maintain accurate revenue reporting, fulfill tax obligations promptly, and adopt strong accounting practices. The Greek market offers vast revenue potential for compliant operators as online gaming continues to grow, backed by robust government support.
Why Choose Greece for Your Gaming License?
Greece offers a unique blend of opportunity and security, combining a booming market with a trusted regulatory framework. With the HGC’s comprehensive oversight, licensed operators can ensure a secure, responsible gaming environment, while capitalizing on Greece’s rapid market expansion. For businesses ready to navigate the regulatory landscape, Greece presents a sustainable, profitable industry with long-term growth prospects.
Whether you’re an operator, technology provider, or media affiliate, Greece’s online gaming sector offers exciting potential.
To learn more about securing a license and entering one of Europe’s most promising gaming markets, get in touch today. ClearSky Network can guide you through the licensing process and help you make the most of Greece’s expanding online gaming industry.
