Discover the Thrills of Greek Online Casinos

Discover the Exciting Future of Online Casinos in Greece

With the Greek gambling commission working towards aligning its laws with those of other European countries, the online gambling market in Greece is set to become more enticing than ever. And with the recent law allowing foreign operators to apply for licenses, we can expect a significant increase in the number of online casinos and sports betting sites in Greece.

For the country, this means a boost in revenue, while players will have a plethora of casinos to choose from, each offering alluring bonuses and an extensive selection of games. Currently, only registered users can view bonuses on Greek online casinos. However, as laws continue to relax, we predict that this will soon change and players will have access to a wider range of casino bonuses, greatly influencing their choices.

In addition to the expected boom in online gambling in Greece’s future, there may also be an increase in land-based casinos and resorts. This ties into promotions offered by some of the top online casinos, where loyal players can win vacations and tours at their physical locations.

The Legality and Regulation of Greek Online Casinos

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

While some foreign online casinos may not have a license from the Hellenic Gambling Commission, it is important to look for licenses from reputable authorities such as the Malta Gaming Authority or Curacao eGaming Authority. However, it should be noted that playing with these unlicensed operators may leave players unprotected in case of any violations or exploitation.

Greek players must be at least 21 years old to gamble at both land-based and online casinos. Any violation of this law could result in fines, bans, or other serious consequences as dictated by the law.

Deposit and Withdrawal Limits at Greek Online Casinos

According to the Hellenic Gambling Commission, the maximum bet allowed at Greek online casinos is €20. This limit was recently increased from €2. For jackpot games, the maximum bet was also raised from €70,000 to €140,000. As for withdrawals, Greek online casinos have a limit of €10,000 for non-jackpot winnings.

Players can make deposits and withdrawals using various payment options including cash at OPAP stores and e-wallets.

Licensing of Greek Online Casinos

The Hellenic Gambling Commission holds the authority to issue and revoke licenses for online gambling platforms in Greece. Any casino licensed by this commission is protected and regulated under Greece’s gambling laws as outlined in the 2011 Gambling Act. This license not only protects the casino but also safeguards players against exploitation while engaging in gambling activities.

To apply for a license from the Hellenic Gambling Commission, operators must pay a fee of €3 million. The license is valid for five years only and has a minimum tax rate of €1 million.

Promoting Responsible Gambling in Greek Online Casinos

One of the main objectives of the gambling act is to ensure that only players aged 21 and above are allowed to gamble at online casinos in Greece. This is enforced by requiring all players to present their ID cards at both land-based and online casinos for age verification, as well as their tax registration numbers. In addition, Greek online casinos must have tools that allow players to set limits on their gambling activities.

These tools include time and bet limits, as well as self-exclusion options for those who struggle with excessive gambling. The 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 services on their websites to help combat gambling addictions.

Where Can Players Find Help for Gambling Addiction in Greece?

All Greek online casinos typically provide a helpline to an association that specializes in helping individuals overcome gambling addictions. There are several associations available, including Gamblers Anonymous and Kathea – a recognized organization in Greece that offers support for prevention, therapy, and recovery from gambling problems.

Taxes on Winnings at Greek Online Casinos

If you’re a high-stakes player at online casinos, you may be concerned about taxes declared by Greek online casinos. All players must declare their winnings and pay a minimum tax rate of 15%.

For example, winnings between €100 – €500 are subject to a 15% tax rate. Anything over €500.01 will be taxed at 20%. Players with less than €100 in winnings are not required to pay any taxes.

Note that these winnings must be declared within 30 days, or players may face penalties. As for casino operators, all revenue generated from bets is taxed at a rate of 35%.

Bonuses at Greek Online Casinos

While advertising bonuses to unregistered users is prohibited by Greek online casinos, it’s important for players to know what they can expect. Fortunately, Greek online casinos offer some of the best bonuses in the industry, including bonus funds and free spins. These bonuses are typically categorized as follows:

Welcome Bonuses

These are the most important bonuses offered by Greek online casinos and are designed to attract new players. Welcome bonuses 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 first deposits up to €1000. In some cases, players may need to enter a bonus code and meet minimum deposit requirements to receive these bonuses.

Apart from the extra cash, most casinos also offer free spins as part of their deposit bonus, with some going up to 150 free spins. However, it’s important to carefully read and understand the terms and conditions attached to these bonuses. These typically include wagering requirements, validity period, and eligible games.

In certain cases, a Greek online casino may provide a no-deposit bonus, where players can win real money without having to place a wager. While the prizes for these bonuses are usually lower than deposit bonuses, they come with fewer restrictions as well.

Special Deals

Gambling online becomes even more exciting when casinos offer special deals on specific days or for certain games. Many Greek online casinos have a dedicated promotions page where players can take part in ongoing promotions that apply to specific categories of games on particular days. For example, you might find a “Blackjack Monday” deal with bonus funds attached to any blackjack game played on Mondays.

Casinos may also offer cashback rewards where players can receive a percentage of their losses back on select games. You’ll find plenty of these types of deals at Greek online casinos.

VIP and Loyalty Programs

To keep customers coming back, many online gambling platforms have loyalty programs that reward players based on their bets and number of games played. As you accumulate points, you can unlock different levels which provide additional gaming perks compared to regular players. These perks may include birthday rewards, higher withdrawal limits, better game bonuses, and more. Look out for these schemes at Greek online casinos.

Understanding Wagering Requirements at Greek Online Casinos

When claiming bonuses at Greek online casinos, it’s crucial to pay attention to the wagering requirements. Wagering requirements refer to the number of times a bonus must be wagered before it can be withdrawn. For example, if you receive a €20 bonus with a 25x wagering requirement, you must bet €500 on eligible games before cashing out the bonus.

Therefore, when signing up with a casino for its enticing bonuses, make sure the wagering requirements are fair and achievable. Also, always check the validity period required to meet these requirements.

Payment Options Available at Greek Online Casinos

For deposits and withdrawals in Greece, players have access to a variety of payment options. Each method has its own limits and processing times and may not be available at all casinos. However, some commonly used payment methods in Greece include:

Prepaid Cards and Credit/Debit Cards

Credit/debit cards are likely the most widely accepted payment method at Greek online casinos. Players can easily deposit or withdraw using popular cards such as VISA, Mastercard, American Express, and Maestro. Prepaid cards like Paysafecard are also accepted for instant deposits but may take up to seven days for withdrawals depending on the amount and card issuer.

Cash Deposits via OPAP Stores

In addition to credit/debit cards, some Greek online casinos also accept cash payments as a form of deposit. The process for this varies depending on the casino’s policies. Players can also use OPAP stores located throughout Greece for deposits and withdrawals.

E-Wallets

E-wallets are a popular payment method among Greek casino players. Platforms such as Neteller, PayPal, and Skrill make deposits and withdrawals quick and easy. Players typically don’t need a bank account or statement for these options, and withdrawals are usually processed within one day.

Revolut and Online Banking

Some casinos may allow players to make online transfers from their bank accounts, while others use Revolut, which serves the same purpose. However, processing times for deposits and withdrawals can be longer using this method.

Digital Wallets and Payment Systems

Casinos in Greece also offer payment platforms like VivaWallet, IRIS, Rapid Transfer, TWIGA, and SmartPay. Similar to e-wallets, these systems allow for deposits and withdrawals without revealing banking information. Deposits are usually instant but may take up to one day for withdrawals to process.

How Can You Sign Up at Greek Online Casinos?

With the abundance of features and benefits offered by Greek online casinos, it’s no surprise that players are eager to join in on the action. Luckily, registering is a quick and simple process that can be completed in a matter of seconds. However, before gaining access to the games and additional perks, players must provide a valid license showing they are 21 years or older. For those looking for a more streamlined experience, some Greek online casinos offer mobile applications that can be downloaded. Alternatively, players can easily access their preferred casino site through their desktop or mobile web browser. Once on the website, follow the steps outlined in the following sections.

Estimated Time Needed: 00:05

Tools Needed: Account

Supplies Needed: Time, Money

Step 1

Access the Sign-Up Page

To start your journey at your chosen Greek online casino, simply click on the sign-up button located at the top of the home page. This will take you to a registration form where you will need to verify your identity by providing personal details.

Step 2

Fill in the Required Information

On the registration page, you will be prompted to enter essential details such as your name, surname, address, date of birth, tax registration number, and more. Depending on the casino’s requirements, you may also need to upload an ID for verification purposes.

Step 3

Create Your Account

If a bonus code is needed to claim your welcome bonus, be sure to enter it in the designated box. After agreeing to the casino’s terms and conditions, you can create your account. You should receive a verification email or code to confirm your new account.

Step 4

Head to the Cashier Page and Make a Deposit

Once your online gambling account has been confirmed, you may be eager to start playing games. However, if you plan on wagering real money, it’s important to first navigate to the cashier page and make a deposit. This will allow you to place bets on games and potentially start winning.

Discover the Best Greek Online Casinos – Evaluated and Ranked

1

Verified Licenses

Prioritize playing at an online casino with a valid license. Rest assured, we conduct thorough checks to ensure that all listed casinos hold proper licenses. For Greek online casinos, this means being licensed by the Hellenic Gambling Commission. If they are based in other countries, they must also hold reputable licenses from authorities like MGA and Curacao eGaming.

2

Safe & Secure Gaming Experience

In addition to a valid license, your personal and financial data must be safeguarded. That’s why all listed casinos are certified to have SSL encryption and other security measures in place to protect your information from third-party access.

3

Endless Gaming Options

The selection of games at these online gambling platforms is vast, giving you unlimited options for placing wagers and earning big rewards. Choose from a variety of slots, roulette, blackjack, baccarat, video poker and even live versions of these classic games. You might also find unique offerings like lottery games, keno, craps and bingo.

4

Lucrative Bonuses & Promotions

Our list of Greek online casinos features some of the most competitive bonus offers in the market. From generous welcome bonuses to exclusive promotions, you’ll be rewarded for your loyalty. Plus, all terms and conditions are fair and transparent – no hidden tricks or loopholes.

Meet Brian Smithson

With over 5 years of experience in the writing industry, Brian has established himself as a leading expert in online casinos and gambling. He has worked with top names such as GiG Media, Casumo, ComeOn, Bethard, Betsson and the Kindred Group to create informative guides and articles. His expertise also extends to content planning, creation, on-site SEO and project management for various affiliate companies.