Industry News
Lack of regulations hinders Austrian iGaming market

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 The Ministry of Finance later introduced a draft with amendments to the Gambling Act but it was withdrawn over alleged “technical oversight” issues.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
-
Africa7 days ago
Uganda: National Lotteries and Gaming Regulatory Board and Uganda Police- Rwizi Region Deepen Ties in Enforcing the Gaming Law
-
Australia7 days ago
IBIA Joins the Judging Panel for Inaugural RTG Global Awards
-
Latest News6 days ago
Sportradar Expands Industry-Leading Soccer Portfolio with FIFA Club World Cup 2025 Rights
-
Asia6 days ago
New Resort & Casino Selects IvedaAI for Intelligent Video Surveillance Ahead of Grand Opening
-
Latest News7 days ago
Amusnet Releases its Latest Slot Game, 40 Extra Crown 6 Reels
-
eSports5 days ago
S8UL enters League of Legends with the acquisition of a power-packed roster
-
Latest News7 days ago
Light Up the Reels with Explosive Wins in Liberty & Freedom Hold and Win Extreme 10,000
-
Latest News7 days ago
Riot Games Wraps Up V5: A Landmark Celebration of VALORANT’s Five-Year Journey in South Asia