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Softswiss secures Manufacturer Suitability License for Greek iGaming market

Online casino software development company Softswiss has expanded its presence within the Greek iGaming market after securing a Manufacturer Suitability License from the Hellenic Gaming Commission (HGC) for its game aggregator.

The ruling from the HGC allows the Softswiss game aggregator to legally offer its B2B gambling services to local operators in Greece for a period of seven years.

New regions:

“Obtaining a Greek gaming license was the result of SOFTSWISS’ long and hard work, which over the years has accumulated extensive experience and understanding of the iGaming market,” said Andrey Starovoitov, Chief Operating Officer for Softswiss.

Via company news, the COO went on to explain that…

“Recognising the needs of our clients, we are constantly moving towards development and finding new solutions. One of them was getting local licenses, which allows SOFTSWISS to expand its presence in new regions.

“This summer we already opened a Greek market with a B2C gaming license. Now with the new B2B license local operators will be able to enjoy the benefits of the SOFTSWISS Game Aggregator. We have a lot to offer to the local gambling industry, so I am sure there are a lot of interesting projects and partnerships ahead of us.”

The current conditions of the HGC approved license allows local operators within Greece’s iGaming market access to Softswiss game aggregator content from a dozen gaming studios.

Earlier this year, the Curaçao-headquartered firm secured a Greek B2C gaming license for its very first partner project in what is considered to be one of Europe’s fastest-growing regions. The license, according to the legislation, is for Greek operation and is available to those players who are permanent residents of Greece and to those players possessing Greek IDs, passports and bank accounts.

On July 5, 2021, the HGC announced it had issued 15 online gambling licenses. They were the first permanent licenses issued since all forms of online gambling were banned by Greek authorities in 2002. Two types of licenses are offered by the commission; one for online betting and the other for all other iGaming activities. The new rules allow for B2C operating licenses and B2B online gambling solution provider licenses.

In October 2020, the HGC opened the application process for Greece’s new online gaming licenses after the authorities passed new regulations the year prior. Priced at €3m (£2.5m/$3.4m) for sports betting and €2m for games, the licenses run for an initial period of seven years while license holders are required t0 pay a gross gaming revenue tax rate of 35 percent.

After the bill passed in October 2019, the 24 operators granted temporary licenses in 2011 were permitted to continue their operations until March 31, 2020, at which time they were required to reapply.

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