What’s new in European Gambling regulations?
The chaos caused by governments about gambling do’s and don’ts is confusing players all over Europe. They don’t have an actual update of gambling regulations and Bills are introduced almost incognito. We have managed to keep an eye on some countries so that you’re up to date with the latest online casino industry legal trends.
Romania forced numerous international operators to leave the gambling market as the National Gambling Office implemented a system which hardens the future of this particular industry. NGO demanded a very hard to obtain entry requirement for operators to receive a license. It also asked for 20% of the gambling revenue generated in the past 5 years to be handed over to the state.
Romanian players’ accounts were suspended and some of the online gambling companies have been banned from the market. However, they still have until the end of 2015 to apply for new licenses.
In Portugal, things are settling down. Foreign operators are able to apply for licenses, but the number of applicants remains unknown. Portugal demands a tax of 15%-30% from every operator’s generated revenue. The maximum of 30% applies for operators that have €10 million in income.
Italy has no issues for now. The Autonomous Administration of the State Monopolies formed a legal gambling market from 2006 to 2007. Back then, 33 gaming licenses were approved and a Finance Act was applied. Also, approximately 500 external operators were noted.
In February 2011 the gambling market was extending. Since then, foreign operators applying for licenses need to wait over 3 months to receive approval.
Spillemyndigheden is the regulator board of Denmark. It partnered with the Gambling Commission of UK and shared information from June 2015 in order to provide security on a higher level for Danish players. It’s a pretty efficient relationship which fights off money laundering processes.