The online slot machine market in Greece is getting an overhaul with its digital random number generator. It was after the approval of the recent iGaming framework that was submitted to the European Commission earlier this year.
There has a substantial interest on the part of operators for online casinos to have any involvement with the Greek market. However, they are much unlikely happy with the changes being made to the slot machine section.
A lot of iGaming activity will severely handicap as Greece is following the footsteps of the UK, and a small number of other countries.
What Changes Does Will Partake with Greece’s Online Slot Machine Market?
With the RNG games getting an overhaul, the online slot machine market will have to implement a stake cap of €2 ($2.36). It also includes a limit on slot winnings of €5,000 ($5,900) per gaming session. Furthermore, the games also should avoid having advertisements anywhere other than the operator’s site.
Besides, a rule of having a three-seconds wait time will apply to RNG games except for poker. No internet-based match will be able to offer a prize of more than €70,000 ($82,614) across the board. Online global gambling players require to establish limits for deposits, losses, and duration of play. Also, if a user gets to 80% of their limits, operators will be required to alert its players.
Furthermore, the framework allows affiliates to work with the operators under strict control. They need to sign agreements with the operators. Also, the operators to inform the Hellenic Gaming Corporation, Greece’s gaming regulation of any affiliate agreements as a requirement.
Sports Betting Will be Available
Sports betting operators can accept wagers for both real sporting organizations and virtual games. But gamblers will need to moderate how much they wager. The betting odds are entirely are in control as the payout per bet has a cap of €500,000 ($590,000).
