The Hellenic Gaming Commission approved the licences of Plumo Limited, the company behind Fonbet.gr: HGC-000003-LH (sports betting) and HGC-000004-LH (online casino), valid until May 2028. Fonbet is thus the first major new entrant to the Greek market since the 2020 reform.
What an “HGC licence” means in practice
- Winnings tax: withheld automatically — 0% up to €100 per slip, 7.5% for €100–500, 20% above €500. You declare nothing yourself.
- Fund protection: player balances are held in an account separate from the company’s operating funds.
- Greek payment methods: IRIS, Greek cards, Paysafecard — without offshore workarounds.
- Self-exclusion: through the HGC’s central register — you’re excluded from all licensed operators at once.
- Dispute resolution: complaint to the HGC if the operator doesn’t respond.
What doesn’t change
Responsible gaming rules are the same as at every licensed operator: 21+, KYC before withdrawal, deposit limits. Advertising follows the HGC code (no “guaranteed winnings”, nothing aimed at minors).
What we expect
Fonbet entered with an aggressive welcome offer (€20 Free Bet + 500 Free Spins, no deposit) and odds that on big events are among the lowest margins in the market — see the review. The question for the coming months: whether it keeps prices once the “customer acquisition” phase ends.
Source: HGC register of licensed providers, gamingcommission.gov.gr.
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