Tag Archives: eu

‘Ready for Change’… Digital Fuel unveils GDPR compliant marketing platform

Industry full-service marketing agency Digital Fuel has moved to expand its customer compliance dynamics, by launching a new tailored acquisition platform for the online gambling sector. The platform which will be unveiled at this week’s ‘ICE Totally Gaming’ & ‘London LAC Affiliate’ conferences has been specially developed to meet the rigorous new demands of the European Community’s  ‘General Data Protection Regulation’ …

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Paddy Power shortens odds on 2018 UK General Election as PM May faces party revolt

The pressure is mounting on embattled UK Prime Minister Theresa May, as Brexit negotiations head towards collapse, and rumours surface of a potential Conservative Party revolt against her leadership. Last week, the European Union’s Chief Negotiator Michel Barnier gave the UK government a two-week deadline in which to ‘clarify its stance on financial obligations and EU citizens’ rights’. Barnier warned the …

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EU warns member states to get tough on gambling AML compliance

Toughening up European laws and practices against money laundering and organised crimes, the European Union may force bookmakers to implement ID-checks on customers that wager more than €2000. The tougher provisions form part of the EU-wide anti-money laundering directive, aimed at minimising terror organisations and criminal gangs’ ability to launder money through legitimate enterprises. The EU Council had previously warned …

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MGA seeks to overhaul Malta Gambling Framework

Updating industry stakeholders, the Malta Gaming Authority (MGA) has published a white paper proposing a number of reforms to its national Gaming Legal Framework. The MGA wants to overhaul and repeal all its existing legislation, by streamlining provisions under a ‘singular primary Act of Parliament’ entitled the Gaming Act. Moving forward the MGA would act as ‘the single regulator’ for …

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Malta MGA wants industry stakeholders to get smart on new EU-wide anti-money laundering rules.

Issuing a market update, the Malta Gaming Authority (MGA) has published a joint industry consultation with the Financial Intelligence Analysis Unit (FIAU) detailing forthcoming changes to EU-wide business policy relating to ‘anti-money laundering and combatting the funding of terrorism (AML/CFT) requirements’. The document highlights provisions set by the European Parliament and Council on new regulations relating to the prevention of …

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UKGC alerts industry stakeholders of new money laundering & financial regulations

The UK Gambling Commission has alerted industry stakeholders to new regulations implemented on money laundering and financial transfers by the UK Government. This week the UK Government published the “The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017”, with new EU-wide regulations set to come into effect from 26 June. The new publication is set …

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GVC exits ‘unworkable’ Czech Republic market

FTSE-listed online gambling group GVC Holdings will not pursue operator licensing for the regulated Czech Republic online gambling market. Sending a communication to Czech affiliates and media partners, the operator has stated that following a review of market conditions it has concluded that current gaming laws are ‘incompatible with the principles of the European Union’. The operator had previously withdrawn …

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Hakan Hallstedt resignation spreads fear of further Swedish regulatory delays

Swedish gambling stakeholders have been left in limbo regarding the country’s path towards a regulated online gambling market following the departure of Hakan Hallstedt as Director General of Lotteriinspektionen, Sweden’s national gambling regulator. Last Friday, Lotteriinspektionen governance confirmed that Hallstedt would not be renewing his tenure as Director General, as he had accepted a placement as Judge for the Blekinge District, …

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Stanleybet launches €12.5 million ‘virtual events’ claim against Cypriot government

European gambling operator Stanleybet is suing the government of Cyprus for breaching European Union trade and business policies. Filing a claim under Stanleybet Malta, the operator is seeking compensation in excess of €12.5 million for loss of operating profits, legal costs and restriction of services relating to the ‘2012 Betting Law’ which banned wagering on Virtual Sports terminals. Furthermore, Stanleybet …

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GBGA dealt ‘one entity’ blow in UK tax challenge

European Court of Justice Advocate General Maciej Szpunar has dealt a blow to the legal challenge brought by the Gibraltar Betting and Gaming Association (GBGA) against the UK HMRC’s 2014 new tax regime on online gambling duties. Detailing his opinion on GBGA’s ongoing challenge, Szpunar stated that British overseas territory Gibraltar and the UK should be treated as ‘one entity’ with regards to …

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