Tag Archives: eu

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 The operator had previously withdrawn …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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Kindred Group first operator to gain EU ‘Recommendation on Consumer Protection’ accreditation

Updating the market, Kindred Group (former Unibet Group Plc) has confirmed that it has become the first industry operator to meet all requirements of the European Union standards and policy mandate; ‘Recommendation on Consumer Protection’ (2014). Completing an official audit, Kindered Group assets successfully passed an official review benchmarked against EU standards and best practices focused on ongoing consumer protections …

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Lee Richardson – Gaming Economics – Brexit…who wins, who loses?

Returning from the Malta iGaming Summit (MiGs), Lee Richardson, CEO of Gaming Economics assesses the impact of Brexit on gambling’s international stakeholders. Facing an uncertain future who stands to gain the most from Brexit and its wider impacts… _______________________ Late last month Collins, the dictionary publishers, named ‘Brexit’ the word of the year…and in light of the UK’s historic referendum …

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High Court ruling shakes up Article 50 betting on Ladbrokes

Ladbrokes has confirmed that betting on Article 50 has been thrown into chaos after yesterday’s High Court intervention, which ruled that parliament must vote on whether the UK can start the process of leaving the EU. Following the ruling, Ladbrokes initially kept 2017 as the odds-on favourite for when the UK will invoke Article 50. However, it is now just …

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CJEU to give ruling on Gibraltar remote gambling status

The EU Court of Justice (CJEU), the principal law court of the European Union economic community will issue its ruling on whether Gibraltar a British overseas territory can be treated as a single party member with regards to its online gambling industry. CJEU officials have this week have started their review of Gibraltar’s online gambling industry, following the UK’s 23 …

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