
Superbet Plants Its Flag in Greece with Full Sportsbook and iGaming Launch
A €1.2 billion market growing at 15% year-on-year and still less than 60% online. Superbet has spotted the opportunity, and it is moving fast.
Hellenic Republic
Greece is the one open licensed market in this batch. Law 4002/2011, amended by Law 4635/2019, put online gambling under the Hellenic Gaming Commission with two licence classes: a type 1 licence for online betting at EUR 3 million and a type 2 licence for other online games of chance, including casino and poker, at EUR 2 million. Both run for seven renewable years and carry a non-refundable EUR 10,000 participation fee for the procedure. The state takes 35 per cent of gross profit, or 30 per cent for horse-race betting. The procedure is open rather than capped, so any applicant meeting the legal requirements may apply. Greece is unusual in Europe for setting the minimum age at 21 for betting, casino, poker and bingo, with 18 reserved for lotteries and sweepstakes. Betting exchanges are prohibited. An uncapped procedure with a fixed licence fee is the important structural fact, because it means entry is a question of cost rather than of a competitive award. The age threshold of 21 across betting, casino, poker and bingo narrows the addressable market relative to most of Europe.
Law 4002/2011 (regulating the gaming market)
Law 4635/2019
Type 1 online licence (online betting)
Type 2 online licence (other online games of chance)
Greece is stable rather than in flux. The themes to watch are the renewal cycle as the first seven-year licences approach expiry, whether the EUR 2 to 3 million fee structure continues to keep smaller operators out, and the effect of the 35 per cent gross-profit take on channelisation against a persistent offshore market. The 21-year age floor for most verticals also makes Greece a useful comparator in the European player-protection debate.

A €1.2 billion market growing at 15% year-on-year and still less than 60% online. Superbet has spotted the opportunity, and it is moving fast.
Hellenic Gaming Commission
ICLG (International Comparative Legal Guides)
ICLG labels the two online licences type A and type B; CMS and the market use type 1 and type 2 for the same instruments. The record uses type 1 and type 2. ICLG also does not cite Law 4635/2019, which CMS identifies as the amending act that created the current online regime.
Hellenic Gaming Commission (translated)