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Hellenic Gambling Commission

The Hellenic Gambling Commission is an independent administrative authority accountable for the transparency of the iGaming Industry in Greece. There are nine members of the Commission who are appointed by the Ministry of Finance. The Hellenic Gaming Commission is highly competent when it comes to supervision, controlling, and facilitating online gambling in the territory of Greece. As a result, it isn't surprising that Greeks enjoy engaging in online casino activities. They benefit from a legal shield, a large assortment of online casino operators, predictability as well as an unforgettable gambling experience.
Hellenic Gaming Commission (HGC)

Hellenic Gambling Commission

Casinos listed: 0

Country: Greece

Website: www.gamingcommission.gov.gr

Landia Rating: 92

Our Top 10 Favorite Greek Casinos

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All with HGC License

Embark on an unparalleled gaming journey with our guide to the best online casinos boasting the coveted Hellenic Gaming Commission (HGC) license. As a stamp of regulatory approval, the HGC license signifies a commitment to fairness, security, and responsible gaming practices. Join us as we explore these top-tier casinos, where players can indulge in a world of exciting games with the assurance of a reputable and compliant gaming environment.

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Hellenic Gaming Commission (HGC)

Introduction to Casinos with HGC License

Embark on a thrilling gaming adventure within the confines of Greece's regulated online casino landscape, where the Hellenic Gaming Commission (HGC) plays a pivotal role in ensuring legality, security, and responsible gaming practices. Greek laws mandate that gamblers partake in any form of gambling exclusively within licensed casino establishments, with strict penalties for offenders.

The establishment of the Hellenic Gaming Commission, as outlined in the Greek Law 4002/2011, marks a significant milestone in the country's regulatory framework. This independent administrative authority is tasked with supervising, monitoring, and controlling all gambling activities in Greece. Notably, the HGC is also the primary regulator responsible for issuing licenses to potential operators, a process initially challenged by the absence of clear guidelines and a hefty 30% tax imposed by the Greek government.

  • Foreign Operator Challenges: The Gambling Act of 2011 opened doors for foreign companies to apply for licenses in Greece. However, the lack of clear guidelines and a substantial tax deterred many.
  • 2020 Regulatory Changes: In July 2020, a Ministerial decision facilitated a shift, allowing the HGC to issue licenses to online casinos. By October 2020, interested parties were invited to apply, ushering in a new era for regulated online gambling in Greece.
  • How to Obtain a License: Interested operators can obtain licenses by following the application process outlined by the HGC. The process involves meeting specified criteria, including having offices in the country. In 2020, the HGC began accepting applications, signaling a more accessible path for operators to enter the regulated Greek market.
  • License Options: Companies can now obtain licenses for various online gaming options, including online betting and online games of chance. The cost for these licenses is €3 million and €2 million, respectively, with both options valid for seven years. Additionally, operators must adhere to a gross gaming revenue tax of 35%.
  • HGC's Main Focus: Beyond licensing, the Hellenic Gaming Commission emphasizes responsible gaming principles, ensuring operators protect vulnerable groups, and enforcing fair and straightforward gaming practices as mandated by the country's laws.
  • Security Measures: Despite the initial prohibition of online casino activities in 2002, a Ministrial decision in 2020 reversed the stance. Companies can now obtain licenses for online betting and online games of chance, each costing €3 million and €2 million, respectively, valid for seven years.

The Best Casinos With Active Hellenic License Explained

Discover a world of premium online gaming at the best casinos with an active Hellenic Gaming Commission (HGC) license in Greece. These establishments represent the pinnacle of regulatory compliance, ensuring a secure and fair gaming experience under the vigilant oversight of the HGC. Immerse yourself in top-tier entertainment, backed by the assurance of a reputable and law-abiding gaming environment.

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The History of Hellenic Gaming Commission

Hellenic Gaming Commission (HGC)

The inception of the Hellenic Gaming Commission (HGC) can be traced back to the enactment of Greek Law 4002/2011, a pivotal moment in the country's regulatory framework for the gambling sector. Established as an independent administrative authority, the HGC was bestowed with the responsibility to oversee, monitor, and control all forms of gambling activities within Greece. This marked a significant stride towards creating a robust regulatory framework to ensure fairness, transparency, and responsible gaming practices.

Throughout its history, the HGC has been instrumental in navigating the complexities of the gambling industry. From addressing the absence of clear guidelines for foreign operators in the early stages to adapting to the challenges posed by evolving technologies, the HGC has played a dynamic role in shaping and refining Greece's gambling landscape. Its commitment to upholding regulatory standards and adapting to the changing dynamics of the industry underscores the HGC's pivotal role in fostering a secure and responsible gaming environment for both operators and players in Greece.

Different Class of Hellenic Licenses

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The Hellenic Gaming Commission (HGC) issues various classes of licenses, each catering to specific aspects of the gaming industry. One primary class includes licenses for land-based casinos, ensuring compliance with regulatory standards for physical gambling establishments within Greece. Another class pertains to online betting, allowing operators to conduct legal and regulated sports betting activities. Furthermore, a distinct class covers online games of chance, enabling licensed operators to offer a diverse range of casino games over the internet. These different classes of Hellenic licenses showcase the regulatory flexibility of the HGC, addressing various facets of the gambling landscape to ensure comprehensive oversight and adherence to legal standards.

    • Land-Based Casino License: This class of license is dedicated to regulating and overseeing the operations of physical, land-based casinos within Greece. It establishes standards to ensure a secure and fair gaming environment within brick-and-mortar establishments.
    • Online Betting License: Operators seeking to engage in legal and regulated sports betting activities can obtain this Hellenic license. It enables the offering of online betting services, ensuring compliance with regulatory standards set forth by the HGC.
    • Online Games of Chance License: This specific class of license caters to operators looking to provide a diverse range of casino games over the internet. It covers online platforms, ensuring that games of chance are conducted in a fair, transparent, and regulated manner.

Regulation on HGC Licensed Casinos

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The regulation on HGC (Hellenic Gaming Commission) licensed casinos is designed to uphold the integrity, fairness, and responsible operation of these establishments within Greece. The regulatory framework encompasses various aspects to ensure a secure and transparent gaming environment for both operators and players.

Here are key elements of the regulations governing HGC licensed casinos:

  1. Responsible Gaming Principles: HGC regulations prioritize responsible gaming, aiming to mitigate the potential negative effects of excessive gambling. Licensed casinos are required to implement measures that assist players dealing with gambling addiction. This includes offering information and resources for seeking help.
  2. Age Restrictions: It is illegal for individuals under the age of 21 to engage in any form of gambling. Licensed casinos must strictly enforce this regulation to protect vulnerable age groups from the potential harms associated with gambling activities.
  3. Commercial Communication Restrictions: In addition to operators, regulations extend to internet service providers (ISPs) and advertisers. There are specific guidelines in place, ensuring restraint and moderation in commercial communication related to gambling activities to avoid potential harm or exploitation.
  4. Fair and Straightforward Gaming: HGC regulations mandate that licensed casinos provide fair and straightforward gaming experiences. This ensures that players are treated equitably, with transparent rules and practices governing all aspects of casino operations.
  5. Security Measures: Licensed casinos must adhere to stringent security measures to protect both player information and financial transactions. This includes implementing robust cybersecurity protocols to safeguard against potential threats.
  6. Legislation Changes: The regulatory landscape is subject to changes, and licensed casinos must stay abreast of any modifications to legislation. Operators should be adaptable to new requirements and continue to comply with evolving standards set by the HGC.

By adhering to these regulations, HGC licensed casinos contribute to a regulated and responsible gambling environment, fostering trust among players and ensuring the long-term sustainability of the gaming industry in Greece.

Pros and Cons of Hellenic License

Pros of Hellenic License

  • prosLegal Compliance: Obtaining a Hellenic Gaming Commission (HGC) license ensures legal compliance, allowing operators to conduct online casino activities within the legal framework of Greece.
  • Regulatory Oversight: HGC provides stringent regulatory oversight, ensuring that licensed operators adhere to ethical standards, responsible gaming practices, and fair play, promoting a secure gaming environment.
  • Player Trust: The HGC license enhances player trust, as it signifies that the casino operates transparently and is subject to regulatory scrutiny, providing assurance to players regarding the fairness and security of the gaming platform.
  • Access to Greek Market: Holding an HGC license grants operators access to the Greek market, allowing them to tap into the country's gaming industry and engage with a broader audience of Greek players.
  • Responsible Gaming Requirements: The HGC places a strong emphasis on responsible gaming, requiring license holders to implement measures addressing gambling addiction, providing support for players, and contributing to a safer gaming environment.
  • Adaptability to Legislation: Licensed operators benefit from the HGC's adaptability to legislative changes, ensuring that they remain compliant with evolving regulations and standards in the dynamic landscape of the online gaming industry.
  • Market Credibility: The Hellenic license enhances the credibility of online casinos in the eyes of players and business partners, contributing to a positive reputation and fostering long-term success in the competitive gaming market.

Cons of Hellenic License

  • Cons IconFinancial Costs: Acquiring and maintaining an Hellenic Gaming Commission (HGC) license involves financial costs, including application fees, compliance expenses, and potential taxation, which may pose a burden on company budgets.
  • Stringent Regulations: The regulatory framework under the HGC can be stringent, requiring companies to meet and maintain specific standards, which may necessitate significant adjustments to existing operational practices.
  • Competitive Licensing: Due to the limited number of licenses issued, companies may face intense competition for HGC licenses, potentially leading to challenges in securing one, especially during periods of high demand.
  • Taxation: The HGC license may come with tax obligations, impacting the company's profitability. Understanding and navigating the tax implications is crucial for companies seeking to operate within the legal boundaries set by the regulatory body.
  • Operational Restrictions: Companies holding an HGC license must adhere to operational restrictions, including responsible gaming measures and advertising guidelines, which may impact the flexibility and creativity in marketing strategies.
  • Legislative Changes: The dynamic nature of the regulatory landscape means that companies with HGC licenses must stay agile and adapt to legislative changes, requiring ongoing efforts and resources to remain compliant.
  • Market Saturation: As the number of HGC licenses is limited, the market may become saturated with licensed operators, intensifying competition and potentially impacting the profitability and market share of individual companies.

How to Obtain a Greece Casino License?

To obtain a Greece casino license, interested operators must follow the application process outlined by the Hellenic Gaming Commission (HGC). This involves meeting specific criteria, including financial stability, adherence to responsible gaming principles, and having operational offices within the country. Successful applicants receive the HGC license, enabling them to legally operate a casino in Greece under the established regulatory framework.

Step01

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Establish Operational Offices:

As a prerequisite, set up operational offices within Greece to align with HGC regulations, demonstrating your commitment to a physical presence in the country.

Step02

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Meet the eligibility criteria

Ensure your casino business meets the eligibility criteria set by the Hellenic Gaming Commission (HGC), including financial stability, responsible gaming practices, and compliance with legal requirements.

Step03

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Application Submission

Prepare a comprehensive application following the HGC guidelines. Include all necessary documentation, such as financial statements, business plans, and details about your gaming platform and operations.

Step04

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Pay the application fee

In addition to submitting your application, it is necessary to cover the application fee, which can vary based on the type of license sought and the scale of the casino.

Step05

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Financial Due Diligence

Undergo financial scrutiny to ensure your casino has the necessary funds to operate responsibly. This may involve demonstrating financial stability, liquidity, and compliance with taxation requirements.

Step06

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Background checks and interviews

The HGC may also conduct background checks and interviews with key personnel to ensure that the applicant is suitable to hold a license.

Step07

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Regulatory Audit and Approval

The HGC will conduct a thorough review of your application, assessing compliance with all regulatory standards. Upon successful evaluation, the commission may grant the casino license.

Step08

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License Issuance and Ongoing Compliance

Once approved, the HGC will issue the Greece casino license. Adhere to ongoing compliance requirements, including regular reporting, audits, and adjustments to meet any evolving regulatory standards.

Reputation of Casino Licensing From Greece (HGC)

The Hellenic Gaming Commission's casino licensing from Greece exemplifies a commitment to stringent regulatory standards, ensuring a reputable and secure gaming environment, and contributing to the industry's credibility.

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The reputation of casino licensing from Greece, specifically under the Hellenic Gaming Commission (HGC), is held in high regard within the industry. The HGC is recognized for its stringent regulatory standards, fostering a trustworthy and secure gaming environment. Operators with HGC licenses benefit from a positive reputation, signaling to players and stakeholders a commitment to transparency, fairness, and responsible gaming practices, contributing to the credibility of the Greek licensing framework.

Benefits of Using HGC License

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Choosing the Hellenic Gaming Commission (HGC) license for your online casino comes with a myriad of advantages, solidifying your commitment to operating within a reputable and regulated framework. The HGC, known for its stringent regulatory standards, provides a seal of approval that not only enhances the trust of players but also positions your casino as a responsible and transparent entity in the dynamic online gaming industry.

Explore the table below to discover the tangible benefits that accompany the use of an HGC license, ranging from regulatory compliance to market access, and gain insights into how this endorsement can contribute to the success and credibility of your online casino.

Benefits Description
Regulatory Compliance Operate within the legal framework of Greece, ensuring adherence to stringent regulatory standards set by the HGC.
Player Trust Enhance player confidence with the HGC license, signaling a commitment to fairness, transparency, and responsible gaming practices.
Market Access Gain access to the Greek market, tapping into a broader audience of players seeking regulated and trustworthy online gaming experiences.
Operational Credibility Position your online casino as a credible and responsible entity, contributing to a positive reputation within the competitive gaming industry.

Safety and Security in HGC Licensed Casinos

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Embrace a gaming experience marked by unparalleled safety and security when engaging with HGC licensed casinos. The Hellenic Gaming Commission (HGC) stands as a beacon of regulatory excellence, ensuring that licensed casinos adhere to rigorous standards, providing players with a protected and trustworthy environment for their online gaming pursuits.

From robust cybersecurity measures to stringent financial controls, HGC licensed casinos prioritize the safeguarding of player information and transactions. This commitment to safety extends to responsible gaming practices, age verification protocols, and fair play guarantees, solidifying the HGC's dedication to fostering a secure and enjoyable online gaming atmosphere.

Greece – The Mediterranean Heaven

Greece Picture

Discover the enchanting beauty of Greece, a captivating destination nestled in the heart of the Mediterranean. With its rich history, breathtaking landscapes, and warm hospitality, Greece beckons travelers to experience the allure of its ancient ruins, picturesque islands, and vibrant culture.

From the iconic Acropolis in Athens to the sun-kissed beaches of Santorini, every corner of Greece exudes a unique charm. Immerse yourself in the flavors of Mediterranean cuisine, explore charming villages with white-washed buildings, and bask in the azure waters of the Aegean Sea. Whether you seek historical wonders, scenic landscapes, or simply a relaxing escape, Greece promises an unforgettable journey, earning its well-deserved reputation as the Mediterranean Heaven.

 

HGCS ADDRESS AND USEFUL CONTACTS

OTHER MAJOR CASINO LICENSING JURISDICTIONS

We have reviewed every major online casino licensing jurisdiction on our site. Below you can find the complete listing of our license reviews.

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Malta Gambling Authority

UK Gambling Commission

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Estonian Tax and Customs Board

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Kahnawake Gaming Commission

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Swedish Gambling Authority (Spelinspektionen)

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Alcohol and Gaming Commission of Ontario

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Ministry of Economy, Industry, and Commerce of Costa Rica

Danish Gambling Authority Logo

Danish Gambling Authority

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Alderney Gambling Control Commission

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National Lottery Regulatory Commission of Nigeria

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CasinoLandia's Conclusion on Hellenic Licensed Casinos

As a dedicated hub for casino enthusiasts, CasinoLandia concludes that Hellenic Licensed Casinos, regulated by the Hellenic Gaming Commission (HGC), offer a superior gaming experience marked by transparency, security, and responsible practices. The stringent regulatory standards set by the HGC instill confidence in players, ensuring that they engage in fair and trustworthy online gaming environments.

CasinoLandia recognizes the HGC's commitment to fostering a safe and enjoyable atmosphere, and we endorse Hellenic Licensed Casinos as prime destinations for those seeking top-tier gaming coupled with the assurance of a reputable regulatory framework. Embark on a thrilling journey with confidence, knowing that Hellenic Licensed Casinos prioritize player well-being, regulatory compliance, and the overall integrity of the gaming experience.

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