Greek Gaming Commission Licensed Online Casinos and information on Greece Regulatory Body

Overview

Back in 2012, Greece officially legalized online gambling activities with the main Gambling Act, which has been in force ever since. One of the main goals of the new Gambling Act is to boost the country’s economy through online gambling taxes and licenses. Speaking of taxes, licensed gambling operators in Greece invest 35% of their gross gaming revenues in taxes. At the same time, operators that offer horse race betting are taxed at 30%.

One of the main regulatory bodies for managing gambling taxes is the Greek Gaming Commission. The main regulatory body for gambling in the country is also responsible for issuing remote gaming licenses, supervising all licensed gambling sites, protecting players’ rights, protecting underage and vulnerable groups, and making sure the main gambling legislation is complied with. 

One of the main missions of the Greek Gaming Commission is to ensure a fair and safe gambling environment through regular control of games, supervision, and regulatory rules. The Greece regulatory body is also tasked with making sure all gambling products, including casino games, are conducted safely and legally without any social or economic consequences. 

Back in 2012 when online gambling was legalized in Greece, the Greek Gaming Commission adopted a series of rules and principles that guide its main activities. One of these is the rule of proportionality, according to which the regulatory body has to intervene whenever intervention is needed, especially when it comes to potential illicit activities. 

Then, there are principles of consistency and accountability. In other words, the Greek Gaming Commission needs to justify all of its decisions to the government and public and the regulatory body is also responsible for establishing gambling regulatory frameworks that support consistency and trustworthiness. According to one of the principles, the Greek Gaming Commission needs to invest time and funds to work consistently on solving problems within the gambling market. 

In Greece, only licensed gambling operators can offer gambling services and products. When it comes to the process of applying for a license, operators need to submit all the required documentation via email. All the required documentation is listed on the official website. Once operators are granted a license to operate, they need to provide the Greek Gaming Commission with details on their slot and other games, information on their gaming rules, details about RNG and operating systems, and more as detailed on the official website.