{"id":6001,"date":"2023-10-31T05:11:09","date_gmt":"2023-10-31T05:11:09","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2023\/10\/31\/hellenic-gaming-commission-warns-of-escalating-black-market-activity\/"},"modified":"2023-10-31T05:11:09","modified_gmt":"2023-10-31T05:11:09","slug":"hellenic-gaming-commission-warns-of-escalating-black-market-activity","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2023\/10\/31\/hellenic-gaming-commission-warns-of-escalating-black-market-activity\/","title":{"rendered":"Hellenic Gaming Commission Warns of Escalating Black Market Activity"},"content":{"rendered":"<div>\n<p>The rising influence of the black market has drawn the attention of Greece\u2019s autonomous administrative body in charge of regulating games of chance: the Hellenic Gaming Commission (HGC\/EEEC). Dimitris Dzanatos, president of the HGC, gave the warning during the 27th Economist Conference, which had as its theme \u201cOnline Gaming: Prospects, Challenges, and Responsibility.\u201d<\/p>\n<h2>The Financial Impact and Need for Collaboration<\/h2>\n<p>Dzanatos emphasized the seriousness of the problem and the fact that large quantities of money are being wagered through unlicensed operators. Along with causing large financial losses, this illegal activity has unfairly disadvantaged legitimate bookmakers and gaming companies. Dzanatos emphasized the need for a more planned and deliberate response to tackle this problem, highlighting the necessity to protect the legal gaming industry from the hazards connected with the black market.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/7bit.partners\/p617d974b\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"7Bit Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/7BitCasino.png\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/7bit.partners\/p617d974b\" title=\"7Bit Casino\" target=\"_blank\" rel=\"nofollow noopener\">7Bit Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>177% up to 5BTC + 77 <strong>\u00a0Free Spins<\/strong>!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/7bit.partners\/p617d974b\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Dzanatos suggested working together with independent authorities, government officials, and gaming service providers, according to the HGC\u2019s statement. The purpose of this partnership is to address the societal implications and issues that uncontrolled gambling poses, as well as to encourage safe gaming habits.<\/p>\n<p>The Hellenic Gaming Commission has been aggressively working toward this goal and cultivating alliances with comparable gaming regulators around Europe. They are working together to fight the illegal market through the <a href=\"https:\/\/igaming.org\/sports-news\/florida-gaming-regulators-issue-cease-and-desist-orders-to-fantasy-operators\/\">Gaming Regulators<\/a> European Forum.<\/p>\n<p>President Dzanatos made a noteworthy revelation when he revealed that the size of Greece\u2019s online gambling industry has more than doubled in the last five years, from \u20ac437 million ($463 million) in 2019 to \u20ac889 million ($942 million) in 2023.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"http:\/\/download.katscasino.com\/affiliate\/remote\/aiddownload.asp?casinoID=1007&#038;gAID=122859&#038;subGid=0&#038;bannerID=25663\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Kats Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/10\/kats-casino-1.jpg\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"http:\/\/download.katscasino.com\/affiliate\/remote\/aiddownload.asp?casinoID=1007&#038;gAID=122859&#038;subGid=0&#038;bannerID=25663\" title=\"Kats Casino\" target=\"_blank\" rel=\"nofollow noopener\">Kats Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>250% Extra +<strong> $125 Free Chip<\/strong>!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 250% + $125 Free Chip<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"http:\/\/download.katscasino.com\/affiliate\/remote\/aiddownload.asp?casinoID=1007&#038;gAID=122859&#038;subGid=0&#038;bannerID=25663\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>In May, the government changed many important regulations to improve the environment for online gaming. These changes involved lifting the \u20ac2 ($2.14) wager cap and increasing the maximum slots jackpots. These changes came about as a result of a thorough Year 1 analysis of the nation\u2019s reopened gaming sector.<\/p>\n<p>With 15 licenses for gaming and gambling in effect right now, Greece is home to companies like Spinomenal, which was granted an A1 manufacturer suitability license earlier this year. In 2021, the nation adopted an upgraded industry framework.<\/p>\n<p>To further improve the regulated gaming experience, the HGC also started talking in August about perhaps implementing a self-exclusion registry, unique player cards, and special studio areas for live casino dealers.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/casino-news\/hellenic-gaming-commission-warns-of-escalating-black-market-activity\/\">Hellenic Gaming Commission Warns of Escalating Black Market Activity<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The rising influence of the black market has drawn the attention of Greece\u2019s autonomous administrative body in charge of regulating games of chance: the Hellenic Gaming Commission (HGC\/EEEC). Dimitris Dzanatos, president of the HGC, gave the warning during the 27th Economist Conference, which had as its theme \u201cOnline Gaming: Prospects, Challenges, and Responsibility.\u201d The Financial [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-6001","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/6001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=6001"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/6001\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=6001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=6001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=6001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}