Higher application limit in Greece’s online casinos

On the recommendation of the Hellenic Gaming Commission- HGC- the Minister of Finance in Greece- Christos Staikouras- changed the operational limit for online casinos in the country. The change in the regulations now provides for a set limit of 20 $ per game round instead of two euros. In a corresponding ministerial decision, the Greek Ministry of Finance announced the decision.

Numerous changes after checking the market

After the gambling market was legalized a year ago, checks were carried out. Due to which the ministry’s decision came about to loosen some previous regulations. In addition, the gambling providers had turned to the regulatory authority. Now changes have been decided. These concern “casino games, Poker and/or their variants, the result of which is determined by a random generator. The maximum participation amount for other online games carried out with a random generator (RNG) is twenty (20) euros. “

But not only the operational limit was increased, but the maximum profit was also regulated. A maximum of 140,000 $ can now be paid for per assignment instead of the previous 70,000 euros. According to the authority, Jackpot profits are not affected by the regulation. The game round was also changed. The slot machine game has so far been affected by a three-second rule. This has now been shortened in a second. This means that players can start a new game round after just two seconds instead of three seconds.

Positive reactions on the part of the HGC and provider

The providers and also the gambling commission have a positive effect on the changes. Because the previous application limit of two $ per game round would have caused a break-in with the gambling operators. At least this was reported by the Greek economic portal “The Power Game”. Compared to the time before the summer of last year, in which there was no operating limit, a operating limit of 2 $ is likely to be a radical cut.

For the providers, the commitment limit offered reason to ensure that the players could turn to illegal offers. In the case of non -regulated platforms, there should hardly be a set limit of two $ and that could have been incentive for some players. Sports betting are excluded. There is also no application limit within the framework of this and any amount could be set.

The strict regulations also caused losses for the state. After all, 35 percent of the gross games would flow directly to the Greece treasury. Thus, the Greek gaming authority also welcomed the new regulations. According to Dimitris Ntzanatos – the President of the HGC – “the relaxation is the right approach that will benefit the market as a whole”.

Regulations in USA strictly

Greece therefore reacts to the slump in sales with a loosening of the strict rules. Nevertheless, the two $ represented a higher operational limit than what is currently valid in USA. In this country, a operating limit of a $ applies. So players can only set one $ per game round. There is also a monthly total assignment limit of 1000 euros. The two-second regulation now applicable in Greece is also stricter in USA: a five-second break between the game rounds must be observed. These stricter rules are due to the Gambling State Treaty 2021. The background to this is the improvement of player protection.

Not only operational limits, but also the games offered are affected by the Gambling State Treaty of changes. Since then, table games such as roulette or blackjack have been prohibited, as are the offer of live casino. That means only slot machines and video Slots Tobe offered. This is probably the greatest restriction by the new law of 2021. It is still completely unclear whether new amended regulations could not only come in Greece but also in USA. It is also uncertain how these could look and whether it could lead to similar loosening or lighter.