Greece proposes overhaul of gambling licensing2016-08-29 13:30:02
The Greek economy continues its recovery. A year in government, support for Syriza is decreasing, as taxes are rising and unemployment remains stagnant. Greece’s Prime Minister Alexis Tsipras is looking for alternatives to boost state funds. Several members of Syriza have suggested that an overhaul of current gambling licensing processes can improve the state treasury. Simplifying the process of applying for gambling licenses in Greece could attract international casino game providers.
Local online casinos are in operation. However, due to a lack of coherent licensing strategy, Greece has been not able to extract sufficient taxes from businesses in the iGaming sector.
According to unofficial figures, gambling operators paid a combined €60.000 in taxes last year. The Greek government expects that a change in legislation will result in €500 million collected in taxes. Local gaming and gambling operators will not face an increase in tax rate. This means the profit margin, and payouts can remain stable. Instead, Finance Minister Tryfon Alexiadis is hoping that the reform will attract greater numbers of international online casino operators.
Best Welcome Bonus
Plush CasinoGet your fantastic 100% Welcome Bonus up to £100 + 100 bonus spins at Plush Casino!!Read ReviewClaim Bonus
CasinoLuckCasinoLuck welcomes you with a superb 100% Welcome Bonus up to £50 and 50 Spins on the Starburst slot!!Read ReviewClaim Bonus
Genesis CasinoGenesis Casino welcomes you with a 100% bonus up to £100 + 300 Free Spins on Starburst!!#Ad 18+ Full T&C's Apply.. New players Only. £10 min deposit. £5 max bet using bonus. 40x wagering applies. Bonus valid for 14 days. 30 Spins will be credited instantly upon qualifying deposit + then 30 per day for 9 days on Starburst. Free Spins valid for 72 hours from credit. Max Free Spins winnings £100. Ewallets excluded. - BeGambleAware.orgRead ReviewClaim Bonus
Spin HillSpin the Mega Reel for the chance to win up to 500 Free Spins with Spin Hill!#Ad New Players Only, Min Deposit £10.00, £8.00 Max Win Per 10 Spins, Max Bonus Equal To Lifetime Deposits (Up To £250.00), 65X Wagering Requirements And Full T&CS Apply Here. Cashback Must Be Claimed On-Site, Calculated As A % Of Daily Deposits, Minus Withdrawals. Further T&Cs Apply. 18+. BeGambleAware.org.Read ReviewClaim Bonus