Slotegrator has announced its arrival in Greece’s regulated market, showcasing a myriad of software and technical services designed to bolster the performance of online casino and sportsbook operators in the jurisdiction.

Slotegrator in Greece

Around a week after Hellenic Gaming Commission released the first 15 permanent licenses, Slotegrator issued a press release confirming its market entry into Greece on Wednesday.

The Prague-based solutions provider will be bringing its entire suite of services such as integration, sportsbook, payment systems, and affiliate management. It also provides technical support for marketing, licensing, web hosting, and advisory services across the Greek market.

Slotegrator’s Ayvar Gabidullin expressed relief after waiting roughly two years for the Greek regulator to issue the first licenses. Nevertheless, the executive is bullish about the future as he believes Greece’s re-regulated market creates valuable opportunities for operators to establish or expand their online gaming unit. 

Gabidullin said: “The licenses are a long time coming; a scheme for formal licensing was announced in 2019, but the debut of the system was pushed back multiple times. Most recently, the rollout had been expected in February 2021 after previous postponements. 

“Critics of Greece’s gambling laws have continually pointed out that the legislation will likely prevent many foreign operators from launching a gambling business in Greece, rather than encouraging them to enter the market. 

“There’s always a rush of excitement whenever a market re-regulates. Players in newly re-regulated markets are often grateful for protections that come along with playing on sanctioned sites, and those that had previously turned to black market casinos will return to play on licensed ones. 

“Newly open markets are widely seen as valuable opportunities to start or expand an online gambling business.”

Other Related Deals

Slotegrator also announced earlier the expansion of its jurisdictional advisory services, enabling the company to assist igaming operators in their market entry into Lithuania. Major players in Lithuania’s government are backing a licensing reform, which paves the way for decoupling land-based and online licenses.

Gabidullin explained that the new framework would lead to “noticeably higher” costs of acquiring licenses. On the other hand, it also enables operators to save on the initial investment necessary to establish a presence in the market.