The Greek Gambling Commission (EEEP) has issued a ‘quick-fire’ response to its new draft laws on online gambling, giving national stakeholders just 10-days (deadline 25 January) to review and respond to its propositions.
The EEEP is reported to have added a number of amendments and provisions to the Finance Ministry’s co-developed Greek online gambling framework, initially proposed last 11 September.
The Finance Ministry’s draft online gambling framework underwhelmed European incumbents, as its mandate detailed a + €4 million license for sports betting cover a period of five-years, whilst proposing a further ‘variable tax’ allocated to player winnings above €100.
Further complications saw the Finance Minister Euclid Tsakalotos outline that established Greek gambling incumbents would gain ‘first right’ in securing online licenses.
Presenting its new draft legislation, the EEEP has focused on establishing Greek online gambling consumer self-exclusion provisions, licensee requirements on standards/responsibilities, alongside establishing a fair advertising/marketing code for all Greek stakeholders – media, regulators, health organisations, etc..
Furthermore, the EEEP is reported to have added robust provisions on consumer data collection, player verifications and bonus/sign-up incentives.
Despite its clarity on responsible gambling and consumer protection standards, the commission has yet to determine whether it will reduce or drop its 35% revenue tax on online gambling services, deemed by most European operators as being the real barrier for Greek market entry.