Exoplay, a subsidiary of Astarti, has achieved a significant milestone by obtaining a Type 2 online gaming license from the Hellenic Gaming Commission (HGC) in Greece. This license authorizes Exoplay to conduct games of chance through its online platform, encompassing live casino and RNG games. The seven-year license, which comes at a cost of €2 million ($2.2 million), positions Exoplay as the second casino-only operator in Greece.
Growth of the Greek Online Casino Market:
The HGC notes that the Greek online casino market has experienced remarkable growth, expanding by 328% since 2019. This surge in growth is attributed to the relatively new casino landscape in Greece, which saw all forms of electronic gambling banned in 2002. The legalization of land-based slot machines in 2011 and the introduction of online gambling licenses in September 2020 have contributed to the flourishing online casino sector.
License Details and Market Dynamics:
Exoplay’s Type 2 online gaming license is valid for seven years and allows the company to operate a diverse range of chance-based games online. The €2 million license fee underscores the competitive and dynamic nature of the Greek online casino market. Exoplay joins a select group of operators in Greece, becoming the 19th company to receive an HGC license since the introduction of online gambling regulations.
Market Entry and Vision:
Exoplay, led by Managing Director Constantine Koumatos, expressed excitement about entering the competitive Greek market. Koumatos outlined the company’s vision to offer a distinctive gaming proposition that stands out among other online casinos. The goal is to present a unique gaming experience to Greek players and the global audience.
Launch Plans and Brand Identity:
Exoplay is expected to launch its online casino platform in the second quarter of 2024. While the brand identity remains undisclosed at this stage, the company aims to make a significant impact with its differentiated gaming offering.
Busy Season for the Hellenic Gaming Commission:
The granting of the license to Exoplay adds to the HGC’s busy season, as the regulatory body also awarded a license to Stakelogic Live for its live casino suite. These developments underscore the evolving and dynamic nature of the Greek online gambling landscape.
Exoplay’s acquisition of the Type 2 online gaming license marks a pivotal moment for the company’s entry into the Greek online casino market. With a commitment to delivering a unique gaming experience, Exoplay is poised to contribute to the ongoing growth and competitiveness of the Greek online gambling sector. The license from the HGC positions Exoplay as a key player in the evolving landscape of digital gaming in Greece.