10 Jul
10Jul

Although Europe is very much considered a “single state” in terms of economic significance, and is to some extent governed by legislation passed by the European Union, the individual countries are still ultimately responsible for passing their own laws. This is particularly true within the gambling industry since there’s no legislation or regulation that standardizes betting and gaming throughout Europe. There are country laws, state laws and even city laws that might apply. Online poker, sports betting, lotteries, horse racing and other games each have their own rules and regulations. On top of all this, the legislation is constantly changing or being challenged in courts, so compliance is constantly at top of mind. Out of all countries in Europe, online casinos are not blocked in Cyprus, Bosnia, Herzegovina, Iceland, Luxembourg, Serbia, and Slovakia. Other than that, countries like Austria, Belgium, Bulgaria, Estonia, Finland, and Germany are licensed regulators who must regulate online gambling. Many online casinos and gambling companies around the world choose to base themselves in tax havens near to their main markets. These destinations include Gibraltar, Malta and Alderney in Europe, and in Asia, the Special Administrative Region of Macau was long considered a tax haven and known base for gambling operators in the region. However, in 2018 the EU removed Macau from their list of black-listed tax havens. Although Europe is very much considered a “single state” in terms of economic significance, and is to some extent governed by legislation passed by the European Union, the individual countries are still ultimately responsible for passing their own laws. This is particularly true within the gambling industry since there’s no legislation or regulation that standardizes betting and gaming throughout Europe. 

However, a growing number of EU countries have established licensing systems that allow more than one operator to offer services on the market. Under European Union law, no particular system is favoured over the others. Gambling has become one of the most popular and lucrative businesses on the Internet. In 2007 the UK Gambling Commission stated that the gambling industry had achieved a turnover of over £84 billion. This is partly due to the wide range of gambling options available to many different types of people. Although it’s far from achieving its ultimate goals, the EGBA has had some notable achievements in its time. It currently only has a few member companies, but as legislation and regulation becomes a bigger issue for all gambling operators, it may well expand. In turn, this should give the organization more influence. In some countries, the market is open to private enterprise provided operators qualify for the required licenses. This is the case in the UK, which has a healthy and robust gambling industry. Other countries criminalize everything except state-owned monopolies. As 고스톱사이트 you might well know, the regulatory environment is a tangled mess of overlapping jurisdictional oversight, different rules for different games and a maze of rules to decipher. However, in 2018 the EU removed Macau from their list of black-listed tax havens.

Comments
* The email will not be published on the website.
I BUILT MY SITE FOR FREE USING