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A license will be in effect for five years. An operator that wants to renew will need to do so at least a year in advance of the expiration date. A deposit of $580,000 (£446,000) is required with the application, and the applicant has to prove that it is licensed in a country within the European Union. Finally, the operator will have to submit financial results for the past three years. Operators who were on the Greek authorities’ blacklist in the previous year cannot apply for a license.
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