Greece lifts €2 cap on online casino wagers
The Greek government has confirmed that it will ease player wagering restrictions on online casino and poker verticals.
Positive developments for market incumbents will see the government increase its €2 maximum wager on online casino (slots and table games) to €20.
Announced by the Hellas government gazette, the increase on maximum wagers will be instantly effective from May 2022 onwards and will be further applicable for online poker and its associated RNG games.
The changes follow a Year-1 review of Greece’s relaunched gambling regime by the Ministry of Finance.
Further positives saw the government announce that Jackpot values on games of chance and slots would be doubled from an existing €70,000 cap to €140,000.
The Hellenic Gaming Commission (HGC) provided a further technical update that will allow licensed operators to reduce game/spin times from 3-to-2 seconds.
The HGC further revealed that it would extend its compliance window for operators to connect to its centralised monitoring system until December 2022.
HGC President Dimitris Ntzanatos welcomed the Finance Ministry’s decision to increase wagers on online casino and poker – stating that his department had backed the outcome in its recent auditing report of Greek gambling.
The changes to online casino wagering will be welcomed by the 15 foreign and domestic businesses that maintained Greek market licences, having observed a decade long regulatory transition since 2011, when Greece was forced to review its gambling regulation by the European Court of Justice (ECJ).