Affiliates to join licensing list for new Greek gambling market

Greek

Affiliate marketing partners for licensed Greek operators will be required to pay a €1k fee to register with the Hellenic Gaming Commission (HGC).

As lead regulatory body, the HGC will be monitoring and processing all licensing applications for the country’s newly regulated gambling market.

This includes the expensive permits for sports betting and casino games, set at €3 million, as well as the €1k cost for affiliate partners. Online licensees will be forbidden from conducting Greek-facing promotions with any affiliate not on the official list.

It is actually good news for operators because RNG games (slots) had previously been omitted, while €3 million is down from the €4 million put forward in September 2018.

The 24 online operators issued with temporary Greek licenses in 2011 will be allowed to continue operating under these licences until 31 March 2020, but will then be forced to reapply for new certification. However, those operators ‘black-listed’ in the year prior to licensing won’t be eligible.

As expected, the Greek government has retained its 35% GGR tax charge, and initially repealed a section of the 2011 gambling law that allowed online licensees to deduct this tax payment from their 20% corporate tax obligations.

However, amid major pushback from the 24 operators, it has since clarified that operators will be allowed to deduct their revenue tax before corporate tax is applied.