Tag Archives: eu

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 …

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 …

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 …

Updating industry stakeholders, the Greek Syriza government has announced that it will implement its new gambling licensing regime by October, opening its market to foreign operators. This September, Deputy Finance Minister Trifon Alexiadis informed Greek news sources that regulatory and business provisions would be made available ‘within a month.’ Following amendments, the Syriza government is confident that its new licensing …

Germany’s Hesse Ministry will allow online betting operators to apply for temporary licenses, while national regulators seek to overhaul the country’s licensing and regulatory framework. Updating industry stakeholders, Hesse courts will allow national and international operators to apply for ‘orders of tolerance’ until the 15 November. If approved, betting operators will be allowed to service online betting provisions to German …

To the surprise of gambling stakeholders, the Polish government has rejected amendments to liberalise its online gambling framework, instead choosing to add further operator restrictions. With foreign operators expecting Polish regulators to add online casino and poker provisions to its online gambling framework, the Polish Council of Ministers announced that slot games would be restricted to play on state-owned lottery …

Gibraltar industry trade association the ‘Gibraltar Betting & Gaming Association’ (GBGA) has moved to quell stakeholder concerns regarding the UK’s referendum decision to leave the European Union. The industry body which represents twenty Gibraltar-based European online betting operators, stated that governance of the British Overseas Territory remained ‘strongly committed’ in maintaining its present industry operations and framework. Following the UK’s …

I moderated a European Update panel session at the annual conference of the International Association of Gaming Advisors, which took place earlier this month in Malta. Predictably, one topic that produced heated debate was the lack of harmonization, or even hope of harmonization, of gambling laws and licensing processes across the EU Member States but this led on to the …

The citizens of British overseas territory Gibraltar, are backing remaining in the European Union ahead of next month’s UK EU Referendum (23 June). The latest polls undertaken by various Gibraltar news sources, indicate that ‘The Rock’ is firmly committed to staying in the EU economic zone with results showing 85% of Gibraltarians wanting to remain (8% leave / 7% undecided). …

Betfair’s ‘Brexit’ market has exploded into life this week with just under £4m matched between customers in the last seven days, bringing the total traded in the market to £8m. ‘Remain’ has been backed into a heavy 2/5 favourite, with odds implying a 71% chance to win, whereas Brexit has weakened to a 12/5 outsider representing a 29% chance to win. …