Hellenic Gambling Commission Awards Altenar B2B License
Altenar, the provider of sportsbook and iGaming software, has been awarded a B2B license by the Hellenic Gambling Commission (HGC), allowing it to increase its presence in European regulated markets.
Altenar awarded Greek B2B license by the Hellenic Gambling Commission.
LISTEN TO THIS ARTICLE:The company already has an office in Athens and the license from the HGC will give its presence in the country a significant boost. At present, its products are available in more than 50 regulated markets, including the UK, Malta, and Canada, and its new license will allow it to offer its services in Greece for the next seven years.
Greek Market Going from Strength to Strength
Since undergoing a major overhaul of its gambling regulations a few years ago, the Greek gambling market has experienced significant growth. The industry has been flourishing, and this year, after a recent tax hike, revenues from gambling activities are expected to soar to €540,000,000. Moreover, the sector has become a vital source of employment, sustaining numerous jobs across the country. This robust growth highlights the positive impact of regulatory changes on the gambling landscape in Greece.
The process of obtaining a license for Altenar was rigorous, albeit familiar, due to our experience with similar procedures in other jurisdictions. While we encountered typical challenges along the way, we navigated them smoothly.
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A Company Homecoming
Zacharopoulou explained that a significant portion of the team at Altenar is Greek and as such, receiving the HGC license feels like a homecoming. She also highlighted the strong connection between Greece and games of chance, “evident in the popularity of gambling in ancient times and the presence of deities like Tyche”.
Finally, Zacharopoulou added that the Greek license not only demonstrates the company’s commitment to fairness and transparency but also positions it to make the most of the country’s expanding market.
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