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Playson Gets a Manufacturer’s Sustainability License in Greece
Playson, a leading software, and casino games developer, announced the acquisition of a manufacturer’s sustainability license in Greece. The license was issued by the country’s regulator authority, the Hellenic Gaming Commission (HGC).
Playson Set to Start Supplying its Content in Greece
After multiple vigorous checks in a strict application process, Playson can finally start signing new agreements with operators in the Greek online gambling market as it seeks to start supplying its range of online casino content. This is after the Hellenic Gaming Commission (HGC) issued the developer with a manufacturer’s sustainability license.
With the license, punters in Greece will have access to various Playson hits including Legend of Cleopatra, Solar Queen, and Wolf Power: Hold and Win.
Commenting on the exciting news, Andrei Andronic, general counsel and Playson, said that the company is delighted at the news of receiving the much sought Greek license. According to the official, this license will allow the game studio to expand its market reach by offering its suite of entertaining casino games in Greece. Mr. Andronic termed the Greek gambling market as fast-growing and that it’s close to Playson’s heart.
Mr. Andronic further added that the company is keen on stamping its footprints in regulated markets and that gaining a new license is in line with its growth vision. He concluded by saying that the acquisition of the Greek license is a testimony of the company’s credentials when it comes to offering quality and safe entertainment to its partners.
The Greek Licensing Process and Strict Conditions
Playson acquired its license from Hellenic Gaming Commission after the regulator opened its licensing process. The application process also started after the country’s parliament approved the gambling reform bill of 2019.
While the news of getting a license may be good, suppliers and operators will have to adhere to the strict operating conditions set by the Greek Ministry of Finance. According to the government, separate licenses will be available to online sports wagering and other online games for €3m. Furthermore, license holders are required to pay 35% of their GGR (gross gaming revenue) as taxes.
Only persons aged 21 and over will be allowed to play. Other restrictive conditions include capping the maximum stake per spin at €2, with spins set at a minimum of three seconds. The maximum win per round is capped at €70,000. Playson isn’t the only one that received a Greek gambling license. Play’n GO, bet365, and Betsson also secured supplier and operator licenses.
Linking Up with SoftSwiss in Expansion Plan
The Greek license acquisition comes on the heels of Playson’s partnership with SoftSwiss, a top game aggregator. With the partnership, Playson is set to benefit from the massive distribution channels the aggregator boasts. SoftSwiss boasts a portfolio with over 130 game providers, offering its clients over 11,000 releases, 3,000 of these titles support cryptocurrency gameplay.
Playson’s head of account management, Michael Tadross expressed his delight at partnering with the aggregator. He said that the collaboration will allow Playson to strengthen its position in Europe while offering its customer base a wide range of exciting games.