Tag Archives: European Union

EGBA urges German Lander to drop ‘anti-competitive’ online tax rates

The European Betting and Gaming Association (EGBA) has urged the German Bundesländer to reject proposed tax rates of 5.3% on online poker and slots, arguing that this would undermine the country’s recently updated gambling regulations. The turnover tax has been proposed by the Bundesrat, Germany’s Federal Council, as the final tax arrangement that should be imposed on casino and poker …

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Germany secures gambling regime but stakeholders demand radical changes 

Germany’s Fourth Interstate Treaty on Gambling (GlüNeuRStV) is guaranteed to officially launch on 1 July, having been ratified by the Bundesländer (state parliament) of Saxony-Anhalt this Wednesday.  The Interstate Treaty had previously secured the required approval of 13 states to launch Germany’s new federal regime regulating online gambling services. However, the approval of Saxony-Anhalt was deemed as essential to the …

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Europol warns of ‘greater risk’ of match-fixing during pandemic

Europol, the European Union’s agency for law enforcement cooperation, has issued a warning against the ‘greater risk’ of match-fixing by organised crime groups (OCGs). The report, entitled The involvement of organised crime groups in sports corruption, emphasised that OCGs have been exploiting ‘the changing circumstances during the COVID-19 pandemic’. “Sports corruption is a serious crime involving organised crime groups operating …

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Spelinspektionen demands tightening of Sweden’s AML codes

Issuing a market update, Swedish gambling inspectorate Spelinspektionen detailed that it has requested specific amendments to be introduced to Riksdag (Swedish Parliament) approved measures and protections against money laundering. Spelinspektionen undertakes its parliamentary request, as it seeks to establish a new Swedish Treasury approved AML control system to monitor specific gambling transactions. On 1 January 2020, the Riksdag sanctioned new …

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UK not leaving EU on October 31 trading on exchanges at 97%

Punters have shown little faith in PM Boris Johnson passing his Brexit deal in Parliament before the 31st October, with the possibility of a deal being reached currently trading at 3% on the Smarkets betting exchange.  Johnson continues to face an uphill battle in Westminster, having lost a succession of important votes since taking up the role of Prime Minister.  …

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Smarkets: A50 extension likely as DUP shuts down Boris’ deal

With only two weeks to go until the UK is due to leave the European Union, the UK government this afternoon presented its withdrawal terms, yet bookmakers are sceptical of a ‘Halloween departure’ on 31 October as markets trade at 78% for an Article 50 extension.  Online betting exchange Smarkets has reported a spike in trading this morning following the …

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No-deal Brexit ‘is a real risk to racing’ warns Flutter’s Peter Jackson

With only 79 days until the UK is pencilled in to leave the European Union, horse racing stakeholders continue to make preparations in anticipation of potential disruptions to the sport and further impacts on betting markets.  The Financial Times reported this morning that a no-deal Brexit – which at present appears to be the UK’s likely outcome – will threaten …

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Women take the lead in gambling communications management

According to a new report published by customer retention specialist, Optimove, has found that more women had exercised the right to be forgotten under the European Union’s  General Data Protection Regulation (GDPR) implemented last year. The report found that 68 per cent of those who had opted out of data communications identified as female, while age also played a role –  as players aged …

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