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EGT Obtains License from Greece

Slot manufacturer Euro Games Technology has obtained a manufacturer and product license from Greece. The license is valid for five years.

Greece is one of the countries in Europe considered likely to adopt the Italy model, whereby all machines located outside of casinos are linked to a central monitoring system. The new arrangement has enabled the Italian finance ministry to collect record tax revenues from the sector.

Greece is estimated to have €4 billion in illegal gambling annually.

EGT is headquartered in neighboring Bulgaria, which is to the north of Greece. The company’s machines have proven popular with players in Macedonia’s casinos, which draw clientele primarily from northern Greece.

Vladimir Dokov, managing director of EGT, said in a statement, “Throughout 2011 we will continue to penetrate markets worldwide. I am confident that we are well positioned to take advantage of this arising regulative alteration to the Greek gaming market, due to the proven strength of our brand and market expertise. We remain committed to continue delivering high quality products, innovative solutions and compelling content to our valued customers.”