Connect with us
SoftSwiss
SIS

Compliance Updates

Italian Parliament approves gambling ad ban

Niji Narayan

Published

on

Reading Time: < 1 minute

The Italian Parliament has approved by a majority of 30 votes the proposal to ban all forms of gambling-related advertising and sports sponsorships starting from the start of next year. With 155 voted in favour, 125 against and one abstained, the Senate approved the Dignity Degree, which will make the path clear for the new regulation.

The ban will be applied to gambling products and services advertised on the internet, radio and television, as well as stopping clubs from obtaining gambling sponsors. The only operators exempt from the ban are the state-run national lottery and its products.

Ever since Labour Minister Luigi Di Maio started his position, he manifested his stance against gambling and said that the new regulations are set to financially cover the new national plan on gambling. “We could no longer allow citizens to be encouraged to gamble, a vice that increasingly degenerates into a real disease: in Italy there are a million people at risk, including many children,” said Di Malo after the Senate approved the Decree. He added, “I consider this rule an act of civilization that is implemented for the first time in the European Union. Finally, a record to be proud of.”

Last month, the governing body of Italy’s top soccer league, Serie A, released a statement in which it was expressed that the ban would have a significant impact on Italian football. The league believes that clubs are set to lose millions worth of sponsorships and that the new regulations would jeopardise their finances. EGBA, the body that represents privately owned European online betting and gaming operators, said to the AP that gambling operators contribute approximately 120 million euros to sponsor sports teams and leagues in the country.

Source: focusgn.com

Advertisement Kasynos.Online

Central Europe

Austria to Establish New Gambling Authority

Niji Narayan

Published

on

Austria to Establish New Gambling Authority
Reading Time: < 1 minute

 

Gernot Blümel, the Finance Minister of Austria, has announced a wide-ranging overhaul of the country’s gambling regulatory framework, that will see player protection controls ramped up, new transparency requirements introduced, and a new supervisory authority formed.

The Austrian Treasury is currently responsible for licensing and enforcement of gambling regulations, but the new authority will take charge of these duties.

Blümel said that the key focus of this new regulator will be player protection, necessitating a series of new controls on legal and illegal gambling.

“Player protection is of particular importance, as gambling is a very sensitive area for players, their families and for society, which also carries considerable risks,” he explained.

“Players are often affected by addiction and as a consequence confronted with financial, psychological and existential issues.”

As a result, the regulator will be tasked with establishing a national self-exclusion system covering online and land-based gambling.

It will also be expected to step up enforcement activity against unlicensed operators and will have the power to order internet service providers to block access to these sites.

Continue Reading

Compliance Updates

Betkick and Betago Secure German Sportsbook Licences

Niji Narayan

Published

on

Betkick and Betago Secure German Sportsbook Licences
Reading Time: < 1 minute

 

Stoiximan-owned Austrian operator Betkick Sportwettenservice and Malta-licensed Betago have become the latest operators to secure federal sports betting licences in Germany.

Betkick can now legally offer betting via the Betano.de domain. Originally founded in Austria, it was acquired by Kaizen Gaming, then Stoiximan, in July 2018.

Betago, meanwhile, has secured retail and online licences for the market.

The pair’s licences mean that 23 brands have been approved to offer sports betting in Germany since October 2020, when the first licences were awarded.

However, the number of approvals lags far behind the number of applicants. In February last year, the body responsible for licensing, the Regional Council of Darmstadt, said it had received 30 applications, with a further 20 operators signalling their intention to apply.

Continue Reading

Australia

Victorian Government Announces Royal Commission into Crown Casino

Niji Narayan

Published

on

Victorian Government Announces Royal Commission into Crown Casino
Reading Time: < 1 minute

 

The Victorian Government has announced the establishment of a royal commission into Crown Resorts, to test the operator’s suitability to hold its Melbourne casino licence.

Former Federal Court judge Raymond Finkelstein, QC, will lead the inquiry. The Government had previously established a review into Crown’s suitability, which will occur in parallel with the royal commission.

It comes after an 18-month-long New South Wales inquiry into Crown, in which former Supreme Court judge Patricia Bergin examined evidence of the operator facilitating money laundering and its links to organised crime. That NSW Independent Liquor and Gaming Authority (ILGA) inquiry found Crown unfit to hold a licence at its new Sydney casino.

“Since receiving [that] report, the Government has taken advice about the most appropriate way to proceed in Victoria,” a statement from the Victorian Government read.

“Establishing a royal commission will ensure the most appropriate access to information regarding Crown Melbourne’s suitability to hold the casino licence given the commission’s powers to compel witnesses and documentation.”

Crown acknowledged the decision shortly after, with the operator also announcing the resignation of long-serving director Harold Mitchell from the company’s board.

Helen Coonan, Crown’s executive chairman, commented: “Crown welcomes the announcement from the Victorian Government as it provides an opportunity to detail the reforms and changes to our business to deliver the highest standards of governance and compliance, and an organisational culture that meets community expectations.

“Victorians should be assured we recognise the responsibility placed on us by the community, governments and regulators and we will fully cooperate with the royal commission.”

Continue Reading
Advertisement
NSoft
Advertisement
EvoPlay Entertainment
Advertisement
Kasyno Online na HEX Polska

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.