Altenar, a provider of sports wagering and online gaming software, has obtained a sought-after B2B permit in Greece. This accomplishment permits Altenar to furnish its services within the Hellenic Republic market for the upcoming seven years and signifies a substantial advance in the firm’s European development plan.
With an office already operational in Athens, Altenar is strategically situated to leverage Greece’s rapidly expanding iGaming industry. The authorization, bestowed by the Hellenic Gaming Commission, empowers Altenar to deliver its comprehensive range of services, encompassing its sportsbook and platform solutions.
Marina Zacharopoulou, Compliance Director at Altenar, recognized the meticulous licensing procedure while stressing the company’s proficiency in navigating comparable processes in other territories. She remarked, “Securing the Altenar permit was a very exhaustive process, but not unknown to us as we have undergone similar procedures in other jurisdictions. Although we encountered some typical obstacles along the way, we succeeded in surmounting them all.”
Zacharopoulou also underscored the importance of the Greek market for Altenar, mentioning the strong Greek representation within the company. “Being awarded a Greek license is highly significant for Altenar as a considerable portion of our staff are Greek, which gives us a sense of returning home… The licensing not only showcases our dedication to regulatory adherence but also enables us to access the flourishing Greek market.”
The Greek iGaming market has witnessed substantial expansion since the enactment of its updated regulatory structure. This growth is anticipated to yield considerable tax income and generate numerous employment prospects within the nation.
The Hellenic gaming sector is flourishing, drawing significant interest from global gaming entities. Lately, there’s been a surge of collaborations and growth pronouncements. As an illustration, Light & Wonder joined forces with bet365 to introduce their offerings to Greek users, while NetBet broadened their footprint in Greece via an agreement with Fazi.