The Greek government is working on their latest draft for online betting reforms, and it looks like fees and taxes on operators are set to go up substantially if the measure passes through.
The draft came from the Greek Ministry of Development and Investment and was sent to the country's Parliament, bringing with it a ton of different changes. Under the draft, sportsbetting permits will be €3 million, while other betting areas such as casino games and poker would have fees doubled to €2 million.
Taxes would be 35% on gross gaming revenues, with operators able to deduct the tax before they factor in their corporate tax. Operators who hold a Greek license will have to use a .gr domain to host their sites, and operators must store 10 years of data for recordkeeping purposes. Affiliate groups will also be forced to apply for licenses, paying a €1,000 fee.
The draft will go for debate and changes may be coming from there. We'll be following the story and will update readers as we learn more.
It may sounds like an overreaction to that news but the Greek government would probably oust all the decent operators from the country if that being implemented. 35% and double the tax for permits just sounds crazy.