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Greece No Deposit Bonus Casino Codes for May 2022

For many years, gambling has been forbidden in Greece. Therefore, Greek players had to resort to other options such as playing poker, bingo, roulette, and many other casino games on foreign sites. However, after the enormous economic crisis in Greece, players were finally given a chance to legally gamble in their county and enjoy the perks of virtual casinos. Today, promotions such as no deposit bonuses and free spins are available at almost every Greek casino. In addition, Greek punters can now earn real money on the most popular slots and live dealer games at their favorite no deposit bonus online casino in Greece.

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Most Viable Casino Bonuses for Players

Online casinos in Greece allow players to relish various types of casino promotions, such as no deposits, deposit match bonuses, cashback rewards, free spins, and much more.

Moreover, Greek players can find exclusive bonus offers for newcomers and loyal casino members depending on their preference. Still, the most popular deals among Greek gamblers are the welcome offers, especially those including extra spins.

Welcome bonuses entice Greek players and motivate them to engage with the particular casino. They are typically offered as sign-up bundles that enable players to match one or a few of their initial deposits. The matching bonuses usually range from 50% to 300%, and they can go up to €200. This way, the casino can attract new players and increase their funds before exploring the game library.

Except otherwise specified, they usually do not require a specific code to be initiated, which Greek players appreciate.

Signup bonuses often include a set of extra spins. Just as cash bonuses, the extra spins also have some wagering requirements that need to be fulfilled before withdrawing the winnings. The spins often refer to specific game titles. In some rare cases, they can be used on a slot of players’ choosing.

Does the Greek Player-Base have Access to No Deposit Bonuses?

In 2020, Greece made several amendments to its gambling laws, which grant Greek players various no deposit bonuses, such as free cash and chips.

No deposits are the rarest type of casino bonuses, but they’re not impossible to find. Casinos in Greece that offer no deposit bonuses mainly introduce them to new players on the site. Moreover, some gaming hubs use no deposits to reward their regulars as a token of appreciation.

There are tons of no deposit online casinos that Greek players can sign up at. These include Black Lotus Casino, Euro Bets Casino, Platinum Reels, Diamond Reels, 21 Casino, and many more.

The Absence of Free Spin Bonuses in Online Casinos

Much to Daddy’s surprise, slots aren’t the main attraction at Greek casino sites. This is why you won’t find many free spin promotions at local casinos. However, live dealer games are Greek players’ favorite, So, they can use the free cash and chips to enjoy some live casino entertainment.

The variety of live dealer games available in Greek casinos is comparable to any other country in the online gambling industry. In addition, each live casino section provides a wide range of choices. Hence, it doesn’t come as a surprise why there are so many eminent Greek players of table games, such as poker, roulette, blackjack, and baccarat.

Most Profitable Offers – Greek No Deposit Bonus Clash

Daddy picked two of the trending bonus offers for Greek players in 2021. They come from two exceptional casinos – Diamond Reels and Karamba.

Diamond Reels is a renowned gambling site that rewards players with a lucrative $2,000 deposit match on arrival. On the other hand, Karamba Casino welcomes new players with a €200 match bonus and 100 extra spins.

Both bonuses offer attractive perks over three deposits. Diamond Reels delivers a 250% deposit match up to $1,000, while Karamba gives up to €200 plus 100 extra spins. Players receive the spins through the three deposits: 1st deposit – 20 spins, 2nd – 40 spins, and 3rd – 40 spins.

Diamond Reels Casino Logo
1.7 of 5 stars
Table Comparison Element
Karamba Casino Logo
4.3 of 5 stars

up to $2000

Tiered Welcome Bonus

€200 + 100 extra spins

250% up to $1000

1st Deposit

100% up to €200 + 20 FS

200% up to $500

2nd Deposit

40 extra spins

300% up to $500

3rd Deposit

40 extra spins

$25

Min. Deposit

€10

40x

Wagering Requirements

35x

Daddy prefers the offer of Diamond Reels Casino, even though the minimum deposit is higher. Unlike Diamond Reels’ bonus which can be used on slots and specialty games, Karamba only allows it on NetEnt slots. However, Karamba does have lower wagering requirements, but Diamond Reels provides more freedom of bonus use to players.

European Sites That Accept Greek Players

  • Casino Extra – This gambling site is filled with over 1,000 slot games by top software providers, tons of animated table games, and a live dealer suite. Casino Extra is an excellent UK gambling site that allows access to Greek players. Its welcome bonus offers €350 in bonus money and 100 free spins if you manage to use its full potential. Although this casino has some fantastic promotions for Greek players, such as Magic Mondays, The weekend Hunt, and Reel Deal Friday, there aren’t any no deposit bonus offers.
  • GunsBet Casino – GunsBet has a pretty exciting Wild West gunfighter theme available. Greek players can choose to enjoy this casino by selecting one of the four available heroes on the site. The welcome bonus gives players a 100% deposit match up to 300€ plus 100 extra spins upon registering. Moreover, when you deposit real money, you instantaneously accrue complimentary points that could be swapped for real cash. The complementary points help you reach a better status, and of course – the higher your standing, the more precious the bonus!
  • Loki Casino – This is a sophisticated gambling site that Greek players will simply adore. One very unique feature they will be very fond of is the crypto games. Besides the regular payment options, this casino has multiple games that encourage deposits in cryptocurrencies such as Bitcoin and Litecoin.

How to Gamble in a Fully EU-Compliant Country

Although the Greek government has loosened up the restrictions regarding virtual gambling with its latest reforms, the act isn’t still entirely put in practice. So, virtual gambling in Greece is technically legal, but there are still many strict rules for casino operators and players. Hence, the main reason why Greek players choose to gamble on foreign sites instead of at Greek online casinos.

Luckily, some of the best international gambling welcome Greek players. Betfair, Bet365, and 1xBet are a few of those top-notch choices that offer incredible benefits to Greeks and shower them with rewards.

Best Greek No Deposit Casino

Daddy’s Choice for the Best No Deposit Online Casino

If you ask Daddy, the perfect no deposit casino for Greek players is Loki Casino. Besides having unique features and tons of games, this no deposit casino encourages using cryptocurrency, which is very popular nowadays. Unfortunately, you won’t find many no deposit casinos in Greece that offer multiple crypto games. So, hop on to their site if you want to follow the trends.

Loki Casino also has the highest payout rate and a range of 2500+ casino games its members can enjoy. Upon arrival, Greek players will be greeted with a welcome pack that only asks for a minimum deposit of only €20! This bonus is super beneficial because it doubles the initial deposit and accumulates up to €500.

Greek punters will also find no deposit spins, reload, birthday, and high roller bonuses at this casino. Loki Casino also rewards its most loyal customers with a VIP bonus program.

Most Profitable Games for the Greek Demographic

Greeks love playing casino games, such as baccarat and French roulette, which can be very profitable. Moreover, poker is prevalent in Greece, and Caribbean Stud Poker and Three Card Poker are the most played variations. Slots and dice games can also bring lucrative rewards, which is why some Greek players favor them over the rest.

These games often feature exclusive no deposit promos, allowing Greek players to win significant rewards.

Live Dealer Games Seem to Be the Most Preferred

Greek live casinos have a live dealer section where players can compete against each other. The games are live-streamed from gaming studios such as NetEnt and Evolution Gaming. Greek gamblers can access live dealer games anywhere, so it makes no difference whether players use iOS, Android, or Windows-operated devices.

No Deposit Slots are a Subject to Many Restrictions

According to Greece’s official Gazette, the Greek government has enacted strict limits on virtual gambling. The limits imply reducing random number generator (RNG) games to optimum stakes of €2, highest prizes of €5,000, and up to three-second spin limit. However, no deposit slots have fallen out of favor with the local players because of these restrictions. Still, many Greek punters can play and win on no deposit video slots by playing at international casinos.

Depositing and Withdrawing from Offshore Casinos

Online casino sites that welcome Greeks allow transactions via credit cards, prepaid cards, and e-wallets. Due to the enhanced discretion, e-wallets such as PayPal and Neteller are preferred.

This variety of payment options make it easier for Greeks to play on offshore websites. They can even choose to make transactions with some internationally popular banking options such as ApplePay and Paysafecard.

Viva and Iris – Local Payment Alternatives

Greek players who choose to gamble at local virtual casinos prefer using Vica and Iris as payment alternatives. Both options are safe and allow them to make transactions with no fees. Moreover, they allow Greeks to make minimum deposits and request withdrawals as low as €5.

However, between these two payment alternatives, Greek players prefer Iris as their e-wallet. This is due to the fact it allows mobile payments at gambling sites.

Greek Gambling Dates Back to Antiquity

Several ancient Greek books and tales mention games of chance based on rolling dice and flinging coins. Some sources claim that the game of poker originated here, while others believe it originated in China or Persia.

Betting was extremely popular in Greece, with particular areas where punters could place their bets. It can also be seen in artwork, where people bet on battles and races. However, some Ancient Greek philosophers were opposed to sports betting and believed that it would harm human civilization if it got out of control.

The Rigorous Laws for Gambling

Greece has only eight casinos enabled for land-based gambling. Any type of betting outside of a designated facility is strongly forbidden. Casinos are mostly located in tourist areas, such as the Greek islands Rhodes and Corfu.

The Greek government outlawed all aspects of online gambling in 2002. But, following the global economic crisis of 2008, Greek officials turned to profits from gambling as a way of raising the economy. Furthermore, the EU Commission warned the Greek Foreign Ministry that the strict regulations might be in dispute with the European legislation.

After a decade of overseeing a market controlled by a government, the Hellenic Gaming Commission (HGC) decided to reissue fixed licenses and improve the country’s gambling industry.

Greek’s Regulations are Similar to Those in the UK

Because of the strict regulations, it’s easy to compare the Greek gambling market to the UK. However, amidst the OPAP monopoly, a few of the best online bookies may see opportunities for growth on the Greek market. High-profile operators, mainly from the United Kingdom, were willing to qualify for and obtain provisional licenses in 2011, enabling them to recognize Greek customers and accept Euros, cryptos, and e-wallets.

Effects of OPAP Monopoly on Betting and Gambling

OPAP is a Greek company that organizes and runs games of chance. Its headquarters are in Athens and was initially a state-regulated body. OPAP imposed a government gambling monopoly for too many years. The organization still has the exclusive entitlement to lead and manage statistical lotteries and sports betting games in Greece.

OPAP was privatized in 2013, and it is now marketed. Moreover, it will dominate the gambling market up until 2030. The EU stated that it is not criminal for remote bookmakers to accept players from Greece because it is currently impossible to obtain a license due to the monopoly.

How Gambling Could Play a Pivotal Part in Economic Crisis

Probably one of the most severe economic crises in history shook the world in 2008, putting many countries in a financial struggle. The crisis was one of the main factors that made Greece shift toward a more laid-back gambling regulatory regime to mitigate the effects of the global recession. The law was changed in 2011 to enable slot machines in land-based casinos as well as gambling sites. As a result, the government licensed 24 gambling companies and suggested an irreversible licensing system. William Hill and Betfair were among the first operators to enter the Greek market.

Still, as compared to other nations worldwide, Greece has some of the stickiest regulations regarding online gambling. Annually, the gambling market in this country exceeded €3 billion, bringing around €500 million worth of taxes. If the virtual gambling market in Greece expands, that would mean more money into the country’s budget. The funds could be allocated towards the national debt, allowing Greece to take a better economic stance.

The Era of Growth and Future Expectations

On July 5, the Hellenic Gaming Commission issued 15 permanent licenses for online gambling, the first since a 2002 law outlawed the action. GGR from iGaming increased to €540 million in 2020 instead of €437 million in 2019. This new function from Slotegrator’s expert discusses the evolution of the Greek gambling industry, including the current regulatory requirements and licensing criteria.

Mohegan Gaming & Entertainment (MGE) is one of the chosen companies by the Hellenic Gaming Commission to start building an integrated resort casino in Athens, Greece. Amongst the lucky ones that possess a license is also LuckyStream.

Here are some of the financial requirements for a license enforced by the Hellenic Gaming Commission in Greece:

  • Fee for license – €3 million for online betting and €2 million for other virtual games
  • Fee for applying – €10,000
  • Bank guarantee requirement – €100,000
  • Minimum capital requirement – €200,000
  • Length of license – 7 years
  • Overview of the Greek market

No Deposit Bonus Offers in Greece vs. Other European Countries

No deposit bonus codes in Greece are the most sought-after deals by casino players. As the name implies, they occur as free credit or spins, with no requirement for the gambler to make a payment.

As a result, you should think of no deposit bonuses as a kind of ‘trial run’ for a new casino, allowing you to get a taste of its gameplay and services without having to commit. If a customer likes its features, they are more likely to return and splurge in the future.

Greece allows its players various benefits regarding no deposit bonus offers. One such are cash funds. One advantage Greek players have over other EU players is the common use of cryptocurrency. However, no deposits in Greek casinos aren’t available at all times. These are exclusive promos, so you should always visit your favorite sites for updates.

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