Discover the Thrills of Greek Online Casinos

Discover the Exciting Future of Online Gambling in Greece

With the Greek gambling commission making efforts to align their laws with those of other European countries, the online gambling market in Greece is set to become even more enticing. And with the new law allowing foreign operators to obtain licenses, players can expect a surge in the number of online casinos and sports betting sites available.

This means increased revenue for the country and a plethora of options for players, including attractive bonuses and extensive game collections. Currently, only registered users have access to bonuses at Greek online casinos. However, as laws continue to relax, we predict that this restriction will be lifted, giving players more freedom to choose from a variety of casino bonuses.

In addition to the expected boom in online gambling in Greece, there may also be a rise in land-based casinos and resorts. This ties in with promotions offered by some of the top-rated online casinos, which reward loyal players with vacations and tours at their physical establishments.

The Legality and Regulation of Greek Online Casinos

All forms of gambling are completely legal and regulated under Greece’s 2011 gambling act. This law (4002/2011) outlines all requirements for operating a casino within the country’s borders. As mentioned earlier, it is enforced by the Hellenic Gambling Commission (HGC), which also grants licenses to online casinos seeking to operate in Greece.

Some foreign online casinos that accept Greek players may not hold an HGC license. In such cases, it is important for players to look for licenses from other reputable authorities such as Malta Gaming Authority or Curacao eGaming Authority. However, it should be noted that if you choose to play with these unlicensed operators, the HGC will not be able to protect you from any exploitation or violations that may occur.

To gamble at a land-based or online casino in Greece, players must be at least 21 years old. Anything below this age is considered a violation of gambling laws and could result in penalties such as fines, bans, or other consequences as dictated by the law.

Deposit and Withdrawal Limits at Greek Online Casinos

According to the HGC, the maximum bet allowed at a Greek online casino is €20. This limit was recently raised from €2. The limit for jackpot games was also raised from €70,000 to €140,000. When it comes to withdrawals, non-jackpot winnings are capped at €10,000.

Players can use various payment methods for deposits and withdrawals at Greek online casinos ranging from cash transactions at OPAP stores to e-wallets.

Licensing Requirements for Greek Online Casinos

The HGC has the authority to issue and revoke licenses for all online gambling platforms operating in Greece. Any casino holding an HGC license is protected under the country’s gambling laws outlined in the 2011 act. This means that players are also protected when playing at licensed casinos – they are safeguarded against exploitation and violations while engaging in gambling activities.

To apply for an HGC license, operators must pay a fee of €3 million which is valid for five years only. They are also required to pay a minimum tax rate of €1 million.

Promoting Responsible Gambling in Greek Online Casinos

The gambling act ensures that all online casinos in Greece comply with strict regulations, including only accepting players who are 21 years or older. This is enforced by requiring players to present their ID cards at land-based or online casinos for age verification and tax registration number confirmation, among other criteria. Additionally, Greek online casinos must offer tools that allow players to set limits on their gambling activities.

These tools may include setting time and bet limits as well as self-exclusion options for those who struggle with excessive gambling. Casinos are also required to assist players in adhering to these restrictions at all times. To further promote responsible gambling, Greek online casinos must provide helplines and support services for individuals dealing with gambling addictions.

Where to Find Help for Gambling Addiction in Greece?

Most online casinos in Greece provide a helpline or contact information for associations that specialize in helping individuals overcome gambling addiction. These associations include Gamblers Anonymous and Kathea – a recognized organization in Greece that offers support, prevention, and therapy services for those struggling with gambling problems.

Taxation of Winnings at Greek Online Casinos

If you’re a high-stakes player at an online casino, you may have concerns about the taxes imposed by Greek operators. All players are required to declare their winnings and pay a minimum of 15% tax on them.

For example, if your winnings fall between €100 – €500, you will be taxed 15%. Anything above €500 gets taxed at a rate of 20%. Players who win less than €100 are not subject to any taxes.

Note that these winnings must be declared within 30 days or face penalties. Casino operators are also taxed at a rate of 35% on their revenue from bets.

Enjoy Generous Bonuses at Greek Online Casinos

Although Greek online casinos are not allowed to advertise bonuses to unregistered users, it’s important for players to know what they can expect. Luckily, online casinos in Greece offer some of the most enticing bonus packages on the market, including bonus funds and free spins. These bonuses are typically categorized as follows:

Welcome Bonuses

The most significant bonuses offered by Greek online casinos are welcome bonuses, which are designed to attract new players. These usually come in the form of bonus funds awarded after making an initial deposit. For example, a casino may offer a 100 – 150% deposit match on your first payment up to €1000. Some casinos may require a minimum deposit and/or a bonus code to claim this offer.

Aside from the extra funds, many casinos offer complimentary spins with their deposit bonuses, which can reach up to 150 free spins. While these bonuses may be tempting, it’s crucial to pay attention to the terms and conditions. This includes wagering requirements, validity period, and eligible games.

In special cases, a Greek online casino might present you with a no-deposit bonus, where you can win real money without having to place a bet first. These bonuses usually have lower prizes compared to deposit bonuses but come with fewer restrictions as well.

Promotional Offers

Online gambling becomes even more enjoyable when the casino offers bonuses on specific days, cashback rewards, and jackpot prizes. Fortunately, many Greek online casinos have a dedicated promotions page where players can participate in ongoing offers that apply to certain categories of games on designated days. For example, there could be a “Blackjack Monday” where players receive bonus funds for playing blackjack on Mondays.

Cashback rewards are also available at some casinos, where players receive a percentage of their losses back from specific game categories. You’ll find various promotions like these at online casinos in Greece.

VIP and Loyalty Programs

To retain customers, several online gambling platforms have loyalty schemes where players earn points based on their bets and number of games played. As they accumulate points, they unlock different levels that offer additional gaming perks compared to regular players. These perks may include birthday rewards, higher withdrawal limits, better game bonuses and more. Such schemes are available at Greek online casinos as well.

Understanding Wagering Requirements at Greek Online Casinos

When claiming bonuses at online casinos in Greece, it’s crucial to pay attention to the wagering requirements. This refers to the number of times a bonus must be wagered before it can be withdrawn. For instance, if you receive a €20 bonus with a 25x wagering requirement, you must bet €500 on selected games before being able to cash out the bonus.

If you’re attracted to a casino because of its appealing bonus offer, make sure that the wagering requirements are reasonable and achievable. Also, always check the validity period required to meet these requirements.

Payment Methods Available at Greek Online Casinos

For deposits and withdrawals at online casinos in Greece, players have access to an extensive range of payment methods. Each method has its own limits and processing times and may not be available at all casinos. However, some general payment methods used in Greece include:

Prepaid, Credit and Debit Cards

This is perhaps the most commonly used method at Greek online casinos. Players can easily deposit or withdraw funds using their cards such as VISA, Mastercard, American Express or Maestro. Prepaid cards like Paysafecard are also accepted for instant deposits but withdrawals may take up to seven days depending on the amount and card issuer.

Cash via OPAP Stores

Some Greek online casinos allow players to use cash as a payment method. However, this process may vary depending on the casino’s policies. Alternatively, players can also deposit or withdraw funds using OPAP stores located throughout their area.

E-Wallets

E-wallet platforms such as Neteller, PayPal and Skrill are also popular payment methods among Greek casino players. These options do not require a bank account or statement, and withdrawals are typically processed within 24 hours.

Revolut and eBanking

Players can request their bank to make an online transfer to their preferred online casino, which may also accept Revolut. However, deposits and withdrawals may take longer to process before reflecting in the player’s account.

Digital Wallets and Payment Systems

Greek online casinos also offer payment platforms like VivaWallet, IRIS, Rapid Transfer, TWIGA, and SmartPay. These options function similarly to e-wallets, allowing players to deposit and withdraw funds without sharing their banking information. Deposits are usually processed instantly but withdrawals may take a day or more.

Unlock the Secrets of Registering on Greek Online Casinos

Greek online casinos offer a plethora of features and benefits that make them an irresistible choice for players. If you’re eager to join the action, don’t worry – registering is a breeze and takes mere seconds. However, before you can access all the games and additional features, you’ll need to provide a valid license proving you’re 21 or older. If your chosen Greek online casino has a mobile app available, you can opt to download it for an even smoother experience. Alternatively, simply use your desktop or mobile web browser to access the casino site. Once logged in, follow the steps outlined in the headings below.

Estimated Time Needed: 00:05

Tools Needed: Account

Supplies Needed: Time, Money

Step 1:

Head to the Sign-Up Page

The first step is simple – log into your chosen Greek online casino and look for a sign-up button at the top of the home page. Click on it to open up the registration form where you’ll need to verify your identity by providing personal details.

Step 2:

Fill in the Required Information

The online gambling registration page will require you to enter important details such as your name, surname, address, date of birth, tax registration number and more. Depending on the casino, you may also need to upload an ID for verification purposes.

Step 3:

Create Your Account

If the casino requires a bonus code to claim your welcome bonus, make sure to enter it in the designated box. Agree to the terms and conditions set by the casino and create your account. You should receive a verification email or code to confirm your account.

Step 4:

Head to the Cashier Page and Make Your First Deposit

Now that your online gambling account is confirmed, you may be eager to start playing games. However, if you’re planning on playing for real money, it’s important to first navigate to the cashier page and make a deposit. This will allow you to place wagers on games and start winning.

Discover the Top Greek Online Casinos and How They’re Evaluated

1

Verified Licenses

Prioritizing your safety, we carefully review and confirm the licenses held by each online casino listed. For Greek casinos, we ensure they are licensed by the Hellenic Gambling Commission. Foreign casinos must hold reputable licenses from authorities like MGA and Curacao eGaming.

2

Secure Gaming Environment

In addition to a valid license, these casinos are equipped with SSL encryption and other security measures to protect your personal and financial information from third-party access.

3

Diverse Game Selection

“Experience endless entertainment with our vast collection of games including slots, roulette, blackjack, baccarat, video poker, live dealer options, and more.”The options for placing wagers at these online casinos are endless. In addition to traditional casino games, you may also find unique options like lottery, keno, craps, and bingo.

4

Generous Bonus Offers

“Get rewarded with amazing bonuses and promotions at our top-rated Greek online casinos. Fair terms and conditions guaranteed.”The casinos on our list offer some of the best bonus deals in the Greek online gambling market. From welcome bonuses to ongoing promotions, you’ll be treated to exceptional rewards. Plus, all terms and conditions are fair and free from exploitation.

Meet Brian Smithson

Discover the expert insights of Brian, a seasoned writer with a passion for all things online casinos and gambling. With over six years of experience in the industry, Brian has produced top-notch content for leading names such as GiG Media, Casumo, ComeOn, Bethard, Betsson and the Kindred Group. His expertise extends beyond just writing – he also provides valuable services such as content planning and creation, on-site SEO optimization, and project management for various affiliate companies.