Types of Online Casino in Greece
Among the operators for the provision of online gambling services in Greece there is a clear monopolist – the OPAP corporation. But also residents of Greece can use the services of foreign online operators. Now the network has about 120 online-casino institutions, which are translated into Greek. After a controversial law, passed in 2002, the people of Greece could not visit online casinos, but in 2011 this ban was lifted. The entire online gambling business of Hellas is in the hands of the state-owned company OPAP (until 2030, this corporation was given a monopoly on the provision of services in Internet gambling), but in 2013 the European court ordered to amend the legislation in accordance with EU requirements, after which Greece was obliged to let gambling companies from other countries into the market of Greece.
Developers of software for automatic machines began to release versions of popular games adapted to personal computers in Greece. First appeared offline entertainment, but people could not make bets, the game was played for the interest. Microgaming has become a pioneer in creating network platforms. In 1994, it launched the software market, which is considered the progenitor of online casinos.
The lion’s share of popular gambling in Greece has gradually migrated to the Internet: different variations of roulette, hundreds of card games, a huge number of slot machines. Recently, live dealer casinos have appeared. Here you can enjoy a realistic game with a real croupier. In online casino in Greece, there is a luxurious atmosphere of a VIP class gaming room. Other games are also represented here: cards, wheel of fortune, bingo and others.
Graphics and sound are also outstanding: complex game scenarios, specially recorded soundtracks, three-dimensional 3D images. Since 2014, a new direction has been developing – machines with social games.
After the opening of the first virtual casino, games adapted for mobile platforms appeared. At first they were offline services with low resolution and functionality. In 2005, players were able to make first bets in virtual games. The unique novelty was perceived with a bang, and mobile casinos are still very popular today.
Virtual casinos for mobile platforms are not much different from gaming establishments using desktop devices in Greece. They offer the same online slots for fun with a full menu and functionality. The main difference is the focus on touching with a finger.
Thus, the whole range of online entertainment is available to players of Greece!
Types of Casino Games for Gamblers in Greece
Modern Greece is a state with a large number of resort towns, which recently became part of the European Union. The main currency in Greece is euro. The main sources of income are tourism and gambling. Thanks to the tourists and well-written laws, casinos in Greece and Crete are almost always one hundred percent full.
The authorities of the country in every way are lobbying and supporting the gambling business. Several dozens of top-level casinos are open in the state. All establishments comply with international quality standards and are not inferior in the service and maintenance of gambling houses of Las Vegas, Atlantic City or Macau.
Thus, the guests of casinos in Greece can play the most popular gambling games: blackjack, roulette, bakkara, video poker, which are gaining popularity with Punto Blanco, as well as spinning the drums of various “one-armed bandits”.
Slot machines are very popular among Greek players. However, there is no data on specific slots to which players give particular preference. Of course, the most experienced players are familiar with such legendary slot machines as:
- Book of Ra;
- Sizzling Hot;
These devices are created by leading manufacturers: Novomatic, Aristocrat, IGT, WMS.
Greece can boast of its achievements in the field of creating gambling software. The Intralot company in Greece is recognized as one of the world’s leading suppliers of integrated gaming systems, as well as transaction processing systems, the latest gaming content and related services.
Now Intralot is the second largest lottery operator in the world. The company has branches in 75 countries and runs successful lottery projects in 40 countries. It is known that Intralot supplies Russia with all the necessary equipment, software and technology for conducting the State Lottery.
Online Gambling Laws and Regulations in Greece
Online gambling in Greece has been allowed since 2011. However, at the moment, this market segment of Greece is fully monopolized by the bookmaker company OPAP SA. And despite the fact that the European Court declared this monopoly illegal, the company continues its work in the market of Greece. As of 2017, the entire gambling business in Greece is in a stage of radical change. It is expected that new gambling laws will be introduced soon, which will create equal conditions for all operators in the country. In January 2016, the government announced that it would open up the market for foreign operators and begin issuing licenses for online gambling. Many foreign sites already accept players from Greece. In this case, the prosecution of players or blocking sites is not observed.
The gambling industry in Greece is regulated by law 4002/2011. The provisions of this law establish the basic rules and conditions that must be complied with in the implementation of the organization and conduct of gambling in Greece.
According to the legislation, gambling is possible only in official gambling establishments. Players who bet not in such institutions, are waiting for a criminal sentence. All residents of Greece who wish to participate in gambling entertainment must receive a personal “player card”. Persons under the age of 21 are prohibited from visiting gambling establishments.
In accordance with the law 4002/2011, gambling refers to entertainment that meets the following conditions:
- chance – one of the factors that affects (in whole or in part) the outcome of the game. All gambling should be based on the law of probability. Randomness can be caused by a random number generator, by other mechanical means, or by drawing;
- the presence of financial rates. They are defined as the ability of a player to invest any amount of personal funds in order to get direct or indirect benefits as a result. This also applies to free games.
All operators must obtain the appropriate licenses and certificates to provide their services both in land gambling establishments and through the Internet.
Online gambling in Greece has been banned for some time. However, since 2011, it has again become legal. The responsible authority for regulating this industry is the Gaming Commission for Supervision and Control. The activity of virtual gambling establishments is regulated by law 4002/2011. According to this law, all Greek operators providing their services online must have their own website. Site name must end with .gr.
Immediately after the legalization of online gambling in 2011, Greece ssued 24 temporary licenses to various operators. However, a year later, the experiment was suspended and began to develop a new licensing system. And at the moment, only the Orar company in Greece has a monopoly on the provision of services in the field of online lotteries and online casinos, which is valid until 2030.
Legislation in the field of licensing gambling activities, including online gambling, varies significantly. In a short time, licenses will also be issued to foreign operators of virtual casinos in Greece. According to preliminary data, the approximate cost of a license for online casino operators will be about 3,000,000 EUR. Moreover, its validity period will be 5 years. The minimum tax rate for such operators will be 1 000 000 EUR.
Thus, in the near future, it is expected that the new operators of online games will be able to enter the market of Greece. But even today many foreign online casino sites are accepting the citizens of Greece. It offers players 141 online casinos with English or Greek interface. Rates in such virtual institutions are accepted in euros or US dollars.
Best Deposit Methods for Gamblers in Greece
Since the beginning of 2002, Greece has switched to the euro. This happened exactly a year after the Greek drachma entered the Eurocurrency unit. This made it possible to use in Greece a number of popular payment systems in Europe, including e-wallets and credit cards.
The great advantage of credit cards in Greece is that they allow you to pay for most things, without carrying with you a puffy wad of cash. Credit cards are currently accepted everywhere in Greece. They can be used to pay for a wide range of goods and services, such as food (in good restaurants) and accommodation, car rental and souvenirs, as well as playing in a casino.
Major credit cards are MasterCard, Visa and Eurocard. They can also be used as payment cards to withdraw cash from ATMs of affiliated Greek banks. The daily limit for the amount issued is set by the issuing bank. Money is issued in local currency.
In addition, electronic payments play a significant role in the conduct of casino activity in Greece. Thus, the most common systems of this type include:
PayPal – in terms of its popularity in the world, it can be safely put in the first place. Unlike many other electronic money, PayPal is fiat electronic money. Fiat money is provided solely by trust in the state – remember this! The purpose of this system is to ensure the security of payments from a card tied to a wallet. In this case, you do not disclose your card details, and even get a guarantee from the system for the delivery of goods paid through PayPal.
Skrill (until 2011 known as “Moneybookers”) is a popular payment system in Greece that has international status and allows you to make online payments without leaving your home. Service was registered in 2001 in the UK. Thus, the legal space of the Skrill payment system is the United Kingdom. The company is owned by Investcorp Technology Partners.
WebMoney (WebMoney Transfer) is an international electronic payment system. WM Transfer Ltd., registered in England, is the owner of the system and its administrative center.
LiqPay (LikPay) appears an international payment service created in 2008 that serves to ensure the implementation of instant payments online. Funds can be transferred to VISA and MasterCard cards, as well as to a LiqPay account or a mobile phone account from any card linked to the wallet.
This is not a complete list of easy-to-use payment systems in Greece, but even this list shows the entire wide range of possible actions at online casinos.
Accepted Currencies in Greece
An integral part of registering an account in an online casino in Greece is the choice of account currency, but not all users understand the importance of this item. Modern operators offer players several options at once, which can be changed in your personal account, however, there are casinos that prefer to keep cash flow without the possibility of choice, and therefore a responsible approach to its choice will save a significant portion of funds.
As in the case with other Eurozone member countries, Greece’s main currency is the euro. A single Eurocurrency was introduced in the state in early 2002. The national currency preceding the euro was the Greek drachma. And although a number of euro-skeptics continue to see the only way out of the Greek financial crisis in refusing euro-money in favor of the national currency, the euro was and remains the only monetary unit having official circulation in Greece.
As mentioned above, Greek drachmas were used as the national currency of Greece before the euro was introduced in 2002.
The history of the Greek drachma goes back to antiquity. Originally, the Greek drachma was an ingot of silver, weighing 1/60 of a mine. In the history of this currency there were several periods. There are several different types of drachmas in history. The echinetic drachma existed as early as the 7th century BC. The Asia Minor drachma had a weight of 3.6 grams and was used in Egypt and Carthage. During the existence of the Roman Republic, the Rhodian drachma was present in circulation. The modern Greek drachma has been applied in Greece since 1833. And in 1883, one drachma was equal in value to franc.
In this case, the newest drachma (that is, the last one at the time of existence of the currency) was released in May 1954. In turn, the previous “version” of the monetary unit replaced the drachma introduced just 10 years before in Greece in 1944. The reason for this was record high inflation, which Greece experienced during the German occupation, and could not be stopped even after replacing the old currency.
Evaluating the advantages of some currencies over others, users should take into account that Greece is a country that operates on the European market, for which it is definitely convenient to play using the euro, but here you need to prepare in advance for the verification of payment details and identity documents.
Predictions About the Future of Online Gambling in Greece
Over the past 10 years there has been a sharp increase in the number of gambling establishments in Greece. The casino, exactly the same as the tourism segment, in every way helps to attract players annually, and not only during holidays in the warm season in Greece. For this reason, the casinos in Greece decided to follow the casino development model in Las Vegas, where the casinos are located in large hotels and resorts that offer chic rooms, excellent leisure facilities, attractions, shows and other entertainment. Marketing efforts are mainly aimed at visiting tourists, foreigners, although in Greece card games are gaining popularity and there are many card clubs throughout Greece, while not being a casino.
The gambling business of Greece is going through hard times. Today, the government is actively engaged in the development of this industry, as it expects to increase revenues to the state budget. Authorities are developing new gambling legislation and an updated licensing system for gambling operators. Soon the state monopoly OARR will share the gambling market with other participants in Greece, including foreign ones.
New operators will be required to obtain a special license. In addition, each installed gaming machine and game installed on it, as well as the premises themselves, in which the machines are located, will have to receive the appropriate certification. The government of Greece has also developed and has already approved a new tax system, which also aims to increase revenues from the gambling industry. From January 2017, all online operators operating in Greece must pay a fixed tax to the state budget in the amount of 35% of total profits.