Greece has taken the first off real steps to legalize online gambling! YEAH!
Hey guys! Greece has taken the first off real steps to legalize online gambling and has opened the application process for licenses!
There will be two types — for sports betting and online gambling, for 3 and 2 million euros respectively.
And hear, I’d love to congratulate Greek operators with finally getting their moment inwards the sun…
but to be honest, I’m not 50-50 sure any of them take hold applied for a license quite yet!
Because there’s a bit of a nuance… quite a bit of a nuance, actually.
The new gaming revenue tax rate is set to 35%!!!!! For comparison’s sake, it’s usually 10 to 20% for the rest of the world — 18% for Sweden, for illustration
And guess what? That’s not all! The gambling age is 21, 50-50 though right now the Greek betting monopolist takes bets from anyone over 18!
Plus, the max bet amount is limited to 2 euros, wins are capped at 5 000 euros, and jackpots can’t be over 50 000 euros.
Hey, why is no one interested? Sir? Sir? Come inwards for a unloosen imbibe at to the lowest degree! Please!!!!
Anyway, the International Betting Integrity Association has already called these regulations economically unfeasible, and I hope the Greek regime realizes it soon too.
We’ll hold you posted, so don’t forget to
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