Tag Archives: European Union

Voranzutreiben…German states to work on cohesive online gambling framework

German lawmakers appear to have reached an interstate agreement on the creation of a new national gambling framework which will abide with European Union business and competition laws. Last Friday, at its annual ministerial conference in Warnemünde, a press release was published detailing that Germany’s 16 states would work towards a treaty for gambling focusing on effective online gambling/sports betting …

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Casinos Austria shareholders planning legal action

Reuters is reporting that a group of Czech investors is to take action against Austria’s Finance Ministry after failing to increase its ownership of gaming operator Casinos Austria. The investors already own 11.3% through a joint venture called Austrian Gaming Holding (AGH) and believed that this shareholding provided them with first refusal on any future sale of stock. AGH is …

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Minister Shekarabi considers revamp of Sweden’s gambling framework

Ardaland Shekarabi Sweden’s Minister of Public Administration is said to be considering leading the introduction of new national gambling framework, which will include provisions for regulating online gambling and sports betting. Shekarabi has previously urged for a government review of Sweden’s gambling framework, in order to modernise its policies amid changing European regulations and new technology advancements. Swedish news sources …

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David Clifton – Licensing Expert – CJEU to rule on EU law issues raised by GBGA challenge to POC tax

Gambling industry legal expert David Clifton (Clifton Davies Consultancy), examines the GBGA’s tax and competition based challenge against the UK POC regime, as the case reaches the higher courts of European Union Law.    The Gibraltar Betting and Gaming Association (GBGA) has been celebrating what must by any account be regarded as an intermediate victory in its judicial challenge to the …

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EU publishes 4th Anti-Money Laundering Directive

The European Union 4th Anti-Money Laundering Directive has been officially published in the European Journal. The scope of the 4th Directive is wider than its predecessor and covers all gambling services, it will review and revamp the UK Money Laundering Regulations which were established 2007. The 4th Directive will, however, allow Member States to exempt sectors on the basis of proven low risk posed by the …

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European operators to work under new EU anti money laundering (AML) directive

Following a two year process, the European Parliament has approved a new anti money laundering (AML) directive, which aims to strengthen EU member states framework on tax evasion and terrorist financing. The AML directive will increase monitoring of digital transactions, making it accessible it easier for authorities to trace funds. Financial services institutions and online gambling operators will be made …

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Portugal approves Online Gambling Bill for 28 June

Portugal’s Council of Ministers have approved the passing of the nation’s Online Gambling Bill, which is set to commence on 28 June. The bill will bring a legislative framework for all forms of online gambling under the monitoring of Portuguese gambling regulator Santa Casa de Misericordia de Lisboa. Portuguese ministers have assured the public that the gambling bill, is line …

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Poland amends gambling framework to meet EC policy standards

Poland has moved closer to allowing legalised online gambling, as the European Commission approved the government’s plans to amend its gambling laws. The European Union member will allow for foreign remote gambling operators to tender for national gambling licenses. Following a review to its existing framework, Polish ministers have lifted operator requirements to be partnered with a local subsidiary. Furthermore …

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bwin.party 2015 cashflow gets hit by €15 million EU tax payment

bwin.party PLC have announced that its net revenue and cashflow will be reviewed in 2015 due to new European Union (EU) VAT rules that came into action this January. The operator expects to pay an additional €15 million in VAT, due to recent changes EU tax regulations concerning digital business/services. Changes to EU VAT regulations concerning digital services, has seen …

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Online gambling to be included in Fourth European Anti-Money Laundering Directive

The European Gaming & Betting Association has announced that the entire gambling sector is now included in the scope of the fourth anti-money laundering directive. EGBA welcomes the deal reached by the negotiating teams of the European Parliament and the Member States on 16 December, which will ensure that the online gambling sector is subject to one set of rules …

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