Proposed Regulation Gets Dicey in Greece, Thanks to IBIA

Published April 29, 2020 by Lee R

Proposed Regulation Gets Dicey in Greece, Thanks to IBIA

Will the Greece government be able to adapt to the latest opposition to its liberalised regulation model?

Greece has run headlong into the licensing wall.

The Controversy

This time it's about proposed fees.

The controversy arises from International Betting Integrity (IBIA) criticism of the Greek Government’s planned 35% gross gaming revenue (GGR) tax rate on operators as well as inordinately high fees.

Welcome, but not As Is

Though the IBIA was pleased to welcome the Government’s decision to update online gambling regulations, the watchdog group found issue with the proportionality, effectiveness and logic of many of the proposals submitted to the European Commission in January.

Unsightly Tax

The high GGR tax rate was particularly irksome, with the IBIA saying the size of the tax stands to discourage operators from applying for licenses.

Licensing Fees

The IBIA further contested the proposed online betting license fee of €3m ($3.26m) for seven years, as egregious compared to the European market standard (annual UK fees range between £2,200 (£2,734) to £19,333), calling the figures “out of line with international norms.”

The IBIA called the licensing fee “burdensome” and the taxation “high,” saying that these conditions would not “prove successful in attracting operators or maximising the consumers channeling to that market.”

The Risks

IBIA warned that as a result Greece could lose consumers “to betting products in other more fiscally advantageous markets, negating Greek regulatory markets."

Player Age Issue

The IBIA further found fault with what it called “discriminatory” player age restrictions, apparently finding 21 to be too high an age compared to the European standard of 18.

Recommendations

IBIA indeed urged the EU to advise Greece to reduce the minimum age for online gambling to 18, as consistent with other EU countries, out of consideration for EU competition law concerns which favour APAP products provided by the former Greek monopoly accessible by customers aged 18.

Outlook

No one said regulation would be easy. Hopefully, the Greek jurisdictional authorities are ready to listen, adjust, and adapt.

 

 

See also

Greece Continues to Push Through

Bet Live: Costa Rica and Greece Meet for Round of 16 Fight

Bets on Greece Vote Causing a Stir

Greece to Legalize Online Gambling in 2011?

Group C Kicks Off with Columbia vs Greece


Yes! I want to know about exclusive bonuses, promotions, and news.

SUBSCRIBE