Industry News

Lack of regulations hinders Austrian iGaming market

Published

7 years ago

June 5, 2018

Niji Narayan

Photo credits: https://focusgn.com

Reading Time: < 1 minute

The Austrian gaming market grew by 4 per cent and the revenues touched the €1.675 billion mark in 2017. These are impressive figures, but internationally licensed operators account for 65 per cent of the segment’s revenue.

According to Andreas Kreutzer, of the Kreutzer Fischer & Partner consultancy, online gambling, fuelled by international websites, grew by 11 per cent anyway and had the largest share of the growth.

It is not a positive news for Win2Day brand, the only locally approved online operator. The Austrian government needs to update laws to implement a proper taxation regime on the segment.

Nonetheless, the Ministry of the Interior announced plans to change legislation in order to get ISPs to block unauthorised online operators. The Ministry of Finance later introduced a draft with amendments to the Gambling Act but it was withdrawn over alleged “technical oversight” issues. So far, no further proposals have been submitted nor announced.

Source: FocusGamingNews

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.