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Greece tries again
Greece's government is making a second attempt to legislate the introduction of VLTs, doubtless spurred by the daily fine of €33,000 that the EU is imposing on it until the market is regulated.
The draft proposals call for a minimum stake of €0.10 and a maximum of €5, with a payout to players of 80 percent.
Between four and ten licences will be granted for a total of 25,000 machines, while it is understood that a further 5000 machines may be authorised for lower-stake machines. Licences will be valid for ten years.
However, the new rules must be approved by the EU before they can go into force, and Athens also has to deal with the befuddlement it has created by tabling VLT legislation at the same time as proposed laws covering Internet sports betting. Many in Greece are, it's said, confusing the two.
