Soft2Bet announced huge news – the famous software solutions provider is expanding to the Greek market!
Licensed in a fast-growing market:
Hellenic Gaming Commission’s Gaming Supervision and Control Commission (the EEEP) finally issued the necessary licenses to the award-winning provider. Soft2Bet got betting events and casino games remote licenses, so these types of content will be available to Greek players.
The Greek market wasn’t so active for a long time. However, in 2021, the authorities decided to revive the market, which led to its rapid growth. Many operators showed an interest in joining the Greek iGaming and gambling scene, and Soft2Bet is the latest one.
Soft2Bet is already present in major European markets, such as Ireland, Denmark, and Sweden, but Greece was the ultimate goal for the company since it’s a significant step toward its global expansion. Soft2Bet wants to put its foot on as many markets as possible all over the world – and it seems it’s on the right path towards doing such a thing.
Recognized in the European market:
The company had been waiting for months to finally get access to the Greek market, and issuing the license meant a lot since only the biggest players in the industry got a chance to offer their services in this European country. Soft2Bet legal and compliance departments have proven to be up to extremely high standards that Greek authorities require from operators who apply for the licenses.
David Yatom, Soft2Bet’s Group General Counsel, said: “The issuance of our betting events and casino games remote gaming licenses in Greece is a terrific step forward for Soft2Bet. We view this as a springboard for further growth and are excited to pursue additional license opportunities in the near future. Soft2Bet remains focused on and committed to expanding its operation and bringing our exceptional gaming experience to even further markets across the globe. This very much highlights the company’s commitment to expenditure to even further regulated markets across Europe and around the globe. It is an additional important step in the right direction for Soft2Bet.”
With offices in Malta, Cyprus, and Bulgaria, Soft2Bet is on its way to conquer the European market. The company has already achieved many important milestones and received numerous awards, such as Best Online Casino Product of a Year at the Migea Awards 2021, Online Casino Provider of the Year and Platform of the Year at Sigma Awards, White Label Supplier of the Year at SBC Awards 2021 and Starlet Awards, and many more significant awards.
The legal status of online casinos in India is complex and varies by state. While there is no federal law that explicitly addresses online gambling, the legality depends on state regulations and the type of gambling involved.
Key Points:
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No National Law: India does not have a specific national law regulating online casinos. However, the Public Gambling Act of 1867 prohibits operating physical casinos and gambling houses, but it doesn't cover online platforms, leaving a legal grey area for online gambling.
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State-Specific Laws: Some Indian states, like Goa, Sikkim, and Daman, have legalized land-based casinos, and others, such as Sikkim, have also licensed online gambling. Many states have banned gambling altogether, including online gambling.
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Online Sports Betting: Betting on sports, particularly cricket, is very popular in India. However, it's only explicitly legal in some states like Sikkim and Nagaland, which have laws permitting online gaming and betting.
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Legal Gray Area: Many international online casinos accept Indian players and operate legally under licenses from offshore jurisdictions (like Curacao or the UK Gambling Commission). As long as players are gambling on licensed platforms, the risk is minimal, but local authorities may still choose to regulate or restrict online gambling.
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Cryptocurrency: Some Indian players prefer using cryptocurrencies (like Bitcoin) for online gambling, as it provides a layer of anonymity and security.
While online casinos aren't explicitly legal across all of India, many international casinos accept Indian players, and online gambling continues to grow in popularity. Players should ensure they use licensed platforms and understand local laws before engaging in online gaming.
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