Altenar celebrates Greek license in landmark moment for business

10 May 2024

(PRESS RELEASE) -- Altenar, a leading sportsbook and iGaming software provider, has obtained a B2B license in Greece, expanding its outreach across another established European territory.

The company, which already has an office in Athens, has secured a license from the Hellenic Gaming Commission, boosting Altenar’s presence in the country and adding a Greek license to its already comprehensive portfolio.

Altenar’s expertise reaches more than 50 countries where gambling is legalized and the Greek license, which is valid for seven years, paves the way for the company to offer its services in a new jurisdiction.

Since the introduction of the new regulatory framework, online betting in Greece has emerged as a success story, with the country undergoing robust growth, as market data shows tax revenues expected to reach €540,000,000 this year and the creation of numerous job opportunities.

Marina Zacharopoulou, Compliance Manager at Altenar, said: “The process of obtaining a license for Altenar was rigorous, albeit familiar due to our experience with similar procedures in other jurisdictions. While we encountered typical challenges along the way, we navigated them smoothly.

“Achieving a Greek license holds special significance for Altenar, as a considerable portion of our team is Greek, making it feel like a homecoming. Personally, I believe that Greece's historical connection to games of chance, evident in the popularity of gambling in ancient times and the presence of deities like Tyche, adds cultural resonance to our licensure.

“Securing our presence in Greece through licensure not only demonstrates our commitment to regulatory compliance but also positions us to capitalise on the country's expanding market.”

Related Links
Hellenic Gaming Commission

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