Playson, a software developer and casino games provider has gained a manufacturer’s license from the Hellenic Gaming Commission (HGC) to legally provide its services in the gambling industry of Greece.
The license provided by the Hellenic Gaming Commission will allow Playson to supply its services to the newly regulated Greek gambling market. The gaming software provider has already signed multiple agreements with the licensed gambling operators in the country.
Some of the popular titles manufactured by Playson are Legends of Cleopatra, Wolf Power: Hold and Win, and Solar Queen. The titles are appreciated widely in the gambling industry.
Andrei Andronic, Playson’s general counsel, said, “We are delighted to receive a license that ensures a continuation and expansion of our hit games within the newly regulated territory of Greece, a fast-growing market at the heart of a crucial region for Playson.”
“We have an appetite for regulated markets, and we are delighted to add a new license to our portfolio. This latest news demonstrates our credentials for providing the best and safest games to our partners.”
The Greek Licensing system came into action in October last year, after the Greek parliament passed the gambling reform bill in 2019.
The newly reformed gambling bill requires operators and casino service suppliers to abide by strict regulatory rules. The bill also blocks operators that were already placed on the Hellenic Gaming Commission’s blacklist of operators since the past 12 months from applying for the gambling license.
Besides newly reformed gambling legislation, the Invest in Greece package induced by the government contains bills looking into the streamline environmental and planning regulations.
The bills also included the labor reforms like allowing the companies to opt-out from certain wagering with workers and allow the local government authorities to outsource laborers to private companies.
Online slots were initially banned by the earlier draft of the regulatory gambling reform but now are capped at €2 per spin. Online slots are required for a minimum of three-second spin and players can only earn a maximum amount of up to €70,000 each spin.
Last week, Bet365 and Play’nGo gained the operating and supplier license, while Betsson also gained the gambling license.