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Greece proposes new online gambling licensing plans

According to the new proposals, the new licenses will be valid for five years, and operators must apply for renewal at least one year in advance of the license expiration, with renewal fees equal to the original license fee. Applicants must submit a deposit of €500k and demonstrate that they hold a license to operate online in another European Union market, along with records of their previous three years of financial performance. Applications would not be available to any operator whose name has appeared in Greece ’s online gambling blacklist in the 12 months prior to submitting their application. Among the most recent additions to the blacklist include multiple brands associated with UK-listed GVC Holdings. It also remains to be seen whether the unresolved €187m back-tax demand submitted in January to GVC will preclude the company from either applying for or receiving a new Greek license. GVC has put aside money to cover this tax obligation, which it is challenging in court. Applicants must base their Greek-facing operations’ servers within the country and establish accounts with locally licensed payment processing institutions. Operators must also conduct their Greek-facing business via a dot-gr domain. The new licensing plan includes a variable tax on online gamblers’ winnings, which are to be withheld by the operator for remitting to the taxman.

For the original version including any supplementary images or video, visit https://europeangaming.eu/portal/latest-news/2018/09/12/28003/greece-proposes-new-online-gambling-licensing-plans/

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Belarus confirms online gambling launch date

Home » Belarus confirms online gambling launch date Belarus confirms online gambling launch date Belarus will regulate online gambling from the start of April next year, the eastern European country’s tax ministry has confirmed. Vladimir Mukvich, the Deputy Tax and Duties Minister, said that there would be a two-year transitional period, through to April 1, 2019, when operators would be able to apply for an online gaming licence. He added that he does not foresee a significant number of online casino operators initially as the government does “not see any preconditions for such a trend”. Mukvich also said that the legislation, Decree No.305, would put in place strict conditions for operators in order to protect the country’s population of nearly 10 million people. “This will be done not with the aim of minimising the number of facilities, but to provide maximum protection to the players,” Mukvich said.

For the original version including any supplementary images or video, visit http://www.igamingbusiness.com/news/belarus-confirms-online-gambling-launch-date

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