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Greek Online Gaming

The Greek online gaming market is dominated by OPAP, the lottery and betting monopoly one-third owned by the Greek government.

In 2012, it looked like the Greek market was opening up to commercial competition. In November 2012, Greece began issuing temporary licenses to online gaming operators, giving them permission to offer their services in Greece.

But then Greece revoked the temporary licenses, freezing the competition out of the market, and allowed OPAP to implement and expand its online gaming operations.

Greece has also blacklisted more than 400 online gaming sites. ISPs are expected to block access to blacklisted sites, and banks are not permitted to process transactions with sites on the blacklist.

The Remote Gambling Association and the European Gaming & Betting Association are challenging Greece's new online gaming regulatory framework.

In March 2015, the Greek government announced plans to issue new online gambling licenses in an effort to raise EUR 500 million a year for the country. The licenses would cost EUR 3 million each and would be valid for five years.

In May 2016, tax on gross gaming revenue has increased from 30% to 35%.
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