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Gambling is legal in Greece and there are many land-based wagering establishments that are licensed and regulated here. However, the gambling industry is currently an OPAP monopoly and will remain that way until the new regulations are put in place. Greece has a higher gambling age than most countries. Players must be at least 23-years-old to place bets. regulation of online gambling and their practical interpretations continue to substantially diverge between Member States exposing online players to varied levels of protection. • Only one jurisdiction (Denmark) appears to have implemented the Recommendations principles fully. In all remaining jurisdictions, at least one recommended principle has not been implemented in the national laws. In Greece has had a state monopoly on gambling for many years. The EU Commission has issued several warnings alleging that the country is breaking various EU laws by maintaining this monopoly. The government issued licenses in 2011 for online gambling operators, but officials changed their minds soon afterward. There was another about-face recently and interim licenses were issued, allowing 24 global operators to cater to Greek residents once licenses were given. Gambling Reforms Introduced In Greece Lawmakers in Greece have introduced new legislation that will boost the country’s economy. Included in the Invest in Greece package are new laws that will reform Greece’s gambling market. Firstly, the new laws will allow operators to continue offering RNG (random number generated) games. Many online gaming sites are taking issue with Greece’s new vague, complex and unfriendly Internet gambling laws for operators. The online gambling landscape in Greece is in a state of flux Under the new gambling laws in Greece, online gambling operators are now allowed to offer their players Random Number Generators, such as slot machines. The licensing fee for online casino operators has been moved to €3 million. A 35% gross gaming revenue tax is being placed on these companies. A 20% corporation tax is also being implemented. Online gambling laws around the world. Today almost every country has its own rules regulating the land-based gambling. However, the situation with online gambling is more ambiguous. As can be seen, the attitude towards local and foreign operators differs fundamentally from country to country. In the European Union, for example, the operators of the foreign gambling sites are subject to the Land-Based and Online Gambling Laws in Greece. Gambling has taken place in Greece for thousands of years. Until recently, there were no real laws that monitored the country’s gambling industry. Lawmakers here eventually realized that something needed to change, and granted a company called OPAP a monopoly over all gambling activities in the country. OPAP has proven to be a hugely successful Additionally, the holder of an Online Gaming Licence is required to store, in a material mechanism located in Greece, the data on the provisions of online games of chance as well as the data exchanged between player, licence holder, internet service provider and financial institutions related to these games. The data must be kept by secure means that allow the precise reproduction of the stored data by the HGC for a period of at least ten (10) years. According to Greek laws, gambling is permitted inside casinos only. All types of betting and gambling outside of a casino environment is strictly prohibited and criminalized by local legislation. Overview. As mentioned above, gambling in Greece is permitted when provided in casino venues, but not outside of this environment. Currently, there are 10 regulated casinos on the territory of the country. Most of them are located on the islands, and especially on Rhodes and Corfu, which are some of
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