In line with its strategy to achieve certifications in regulated markets around the world, UK-based independent software company 1X2 Network has obtained a license from the Hellenic Gaming Commission (HGC) that will allow operators in Greece to access to his full portfolio of games from his Iron Dog. Studios and subsidiaries 1X2gaming.
Receipt of A2 license Greece means that for the very first time gamers in this south-eastern European country will be able to enjoy titles from both brands, including Battle Maidens Cleopatra, Smoking Hot Fruits, Megaways Jack, 1 Million Megaways BC and the recently launched Rock the Reels Megaways to hit.
The new secure license also allows the award-winning casino content provider and aggregator to provide operators in Greece with access to its Branded Megaways innovation, which was voted Game of the Year at the EGR 2020 awards.
Launched by Iron Dog Studios in July 2020, Branded Megaways is a customizable slot, which is powered by the popular Megaways gaming engine licensed from Australian online casino game developer Big Time Gaming (BTG), which allows operators to quickly and inexpensively bring their own Megaways-powered slots based on their company’s brands to market. The concept has proven to be very popular and, to date, over 60 Megaways branded slots have been released, and more operators are expected to develop theirs in the near future.
Commenting on the company’s debut in the new re-regulated Greek online gambling market1X2 Network Commercial Director Kevin Reid said via a company press release…
… .They are “honored” to have obtained a license from the HGC, which allows them to offer operators in the recently revamped Greek market their full range of games from their two brands.
The COO went on to explain that the expansion into Greece is part of their “wider plans” to gain certification in other regulated iGaming markets around the world and bring their award-winning content to even more numbers. large number of operators and players.
Stating that they are “really on a role” with their latest titles, having become player favorites, Reid added that they are also delighted to be able to bring the Branded Megaways concept to the regulated market in Greece after ” taken the industry by storm “, and they are eager to collaborate with more operators” to develop their own unique Megaways titles “.
1X2 Network, which is the legal name of the 1X2gaming group of companies, has been around since 2002 and since then the UK-based independent software company titles have uploaded more than 300 casino brands in other regulated markets around the world thanks to certifications obtained in key jurisdictions including Italy, Colombia, Spain, Sweden, Gibraltar, Malta, Isle of Man and the United Kingdom.
On July 5, 2021, the HGC announced that it had issued 15 online gambling licenses. These were the first permanent licenses issued since all forms of online gambling were banned by the Greek authorities in 2002. Two types of licenses are offered by the commission; one for online betting and the other for all other iGaming activities.
In October 2020, the HGC opened the application process for Greece’s new online gaming licenses after the authorities adopted new regulations the previous year. At the price of…
… € 3m (£ 2.5m / $ 3.4m) for sports betting and € 2m for games, licenses have an initial term of seven years while licensees are required to pay a gross gaming income tax rate of 35%.
After the bill adopted in October 2019, the 24 operators who obtained temporary licenses in 2011 were allowed to continue their activities until March 31, 2020, when they had to reapply. Among the regulations, players must be 21 and over while the conditions for the online casino include a maximum bet of € 2, with prizes capped at € 5,000 and a jackpot game limit of € 50,000.
Although originally announced in 2019, the launch of the system was postponed several times, with the most recent launch scheduled for February 2021.