Michigan shuts down 10 illegal gambling sites
Michigan's Gaming Control Board (MGCB) has ordered 10 illegal gambling sites to immediately stop their operations in the state.The biggest concern is that illegal...
EGBA calls for gambling reforms in Austria
The European Gaming and Betting Association (EGBA) is calling for gambling reforms in Austria to combat the monopoly system.
According to the EGBA, the casino monopoly system is outdated and weakens consumer protection, limits oversight, and reduces tax revenue. As a result, the EGBA suggests switching to a multi-licensing system, which is already a common thing in 21 EU countries. Moreover, adding stronger consumer protections like self-exclusion tools and setting fair tax rates for operators.
In Denmark, for example, this system helped the regulated market grow from 72% to 90%. The EGBA estimates Austria could gain up to €1 billion in extra tax revenue by 2030.
EGBA secretary general Maarten Haijer commented:
“The evidence from across Europe is clear and compelling: multi-licensing works. It brings gambling activity into the regulated market, protects consumers, and generates significant tax revenue. With government negotiations underway, Austria has a golden opportunity to modernise its approach to online casino regulation and benefit from the proven regulatory approaches elsewhere. The time to act is now.”
With government talks underway, the EGBA urges Austria to modernize its gambling laws and align with best practices in Europe.
FAQs
Is gambling legal in Austria?
Gambling in Austria is regulated but highly regulated.
What is the legal gambling age in Austria?
The legal gambling age in Austria is 18.
Soft2Bet Marks On 8 Years of Leadership In a New Film Featuring CEO Uri Poliavich
Soft2Bet, a leading force in the iGaming industry, has released an exclusive film chronicling the remarkable eight-year journey of its Founder and CEO, Uri Poliavich.The...
