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EGBA Requests that the Expert Group on Gambling is Re-established

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The European Gaming and Betting Association has backed gaming authorities from EU member states in appealing for the EU Expert Group on Gambling to be re-established.

 

Online Gambling in the EU

There is no sector-specific EU regulation in the area of gaming services. The European Court of Justice has declared that the way EU countries manage their gambling services is within their own remit as long as they adhere to the fundamental freedoms guaranteed by the (TFEU)’Treaty on the Functioning of the European Union’. In this instance, the freedom to provide services or start a business in another EU country is critical to make gambling safer.

Most EU nations permit the usage of at least some games of chance via the internet. Some governments permit all games, while others allow only particular types, such as betting, poker, and casino games. The formation of Monopolistic regimes offering internet gambling is now in various European nations. These are either run by a government-controlled public operator or by a commercial operator with an exclusive right. However, an increasing number of EU countries have implemented licensing arrangements that allow many operators to compete for market share. Under EU law, no one system has an advantage over the others.

 

About the European Gaming and Betting Association

The European Gaming and Betting Group (EGBA) is a Brussels-based trade association representing bet365, Betsson Group, Entain, Kindred Group, and William Hill, among other significant online gaming and betting providers licensed and regulated within the EU.

Affiliate members include the likes of the Swedish Trade Association for Online Gambling (BOS). EGBA collaborates with national and EU regulatory agencies and other stakeholders to create a well-regulated and well-channeled online gambling industry that offers high levels of consumer protection while also considering the reality of the internet and online consumer demand.

EGBA member firms adhere to the strictest regulatory guidelines and hold 145 online gaming licenses, allowing them to serve 16 million customers throughout 17 European countries.

Call For Re-establishment of EU Expert Group

Members of the European Gambling Association (EGBA) from 14 EU countries have written to European Commissioner Thierry Breton about the matter to build a more coordinated strategy to regulate a €100 billion per year European gambling market. Even though the initial Expert Group, which included members from many European gaming agencies, was disbanded in 2018, according to the EGBA, it was seen as a success by most regulators. The EGBA further stated that there was no longer a basis for collaboration throughout the €100 million European gambling market by disbanding the association. The EGBA also mentioned concerns over the issue of money laundering and unlawful gambling within the industry. The group served as a venue for exchanging market regulation knowledge and best practice policies.

“There is currently no EU structure in place for gambling regulators to interact, much less collaborate on major issues affecting Europe’s online gambling industry. The majority of these concerns are international in scope and necessitate collective solutions. The message to the European Commission is clear: both gaming regulators and the industry are united in their support for the Expert Group, and the Commission should reestablish it.” Paraphrased from a quote by the EGBA secretary general Maarten Haijer.

What are the Rules for Legal Online Gambling?

The European Gambling Commission is constantly modifying existing laws and establishing new ones  for authorized online gaming enterprises to make online gambling more fair and safe. Online gambling sites must adhere to various limits and regulations, such as utilizing a system like UK GamStop.co.uk, limiting the number of funds, and many others, which we have listed below.

  • Identification: A gambler or player must adequately prove his identification to the operator, according to one of the European Gambling Commissions’ primary stages and standards. In addition, the operator must have a thorough understanding of their customer before allowing them to gamble.
  • Anti-money laundering: To avoid money laundering and other criminal hazards, the operators must conduct a risk-based assessment of the players, according to the law.
  • Consumer Protection: The first and most important goal of online gaming companies is to keep their consumers safe. That is why they have enacted so many laws and regulations to regulate and govern internet gaming.
  • Age limit: There is an age restriction, and those under that age are not permitted to participate in online gambling sites.
  • Money limit: Some countries have regulations prohibiting gamblers from depositing excessive amounts of money or playing excessively.

The European Gaming Commissions (EGC) have imposed numerous laws and regulations on online gambling to avoid fraud and addiction. Because gambling entails numerous risks, like the chance of losing money, the risk of becoming addicted, and so on, The EGC enacted these regulations to protect authorized gambling sites.

With all these steps in the right direction, the EGBA is well on the way to further standardizing the industry.

Blockchain

Kore Digital Mining Ltd Announces Additional 14 PH/s Bitcoin Mining Capacity

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Kore Digital Mining Ltd, a UK based Bitcoin mining company, announces that effective 1st May 2024, an additional 14 PH/s mining capacity will be added to its existing infrastructure.

This additional capacity will be provided by a major Bitcoin mining corporation and will be operational until 30th June 2024.

Derek Nisbet, Kore’s Founder & CEO, said – “We are pleased to work with a leading Bitcoin Miner in securing a large amount of mining capacity, for a 2 month trial period. We look forward to hopefully extending this period and engaging more with major mining corporations offering Bitcoin hashing opportunities, in the future.”

This additional 14PH/s Bitcoin mining capacity adds to the existing 2 PH/s currently operational with Kore’s own infrastructure and an additional 4 PH/s is due to be added over the next quarter, totalling 20 PH/s.

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The Benefits of Playing at EU Casinos

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There are many EU casinos that not only attract players from Europe itself but also from countries around the world, including the US, UK, and even those from countries where online gambling isn’t permitted. So why is it that EU casinos are so popular? What drives the online gambling community to these casinos?

Well, that’s what we’re going to be looking at today. What’s so attractive about EU casinos to people who are looking for an immersive and entertaining online casino experience? Why do people in the USA, the home of Las Vegas, go outside of the USA to play at online casinos?

Benefits of EU casinos

Online gambling is by far one of the most popular methods of gambling online. Throughout Europe, specific laws in each country can vary, so access to land-based casinos can sometimes be few and far between. Thus, going online to enjoy a casino experience has become a more preferable option. And so why EU casinos? Well, for those who are joining EU casinos from outside Europe and not from the UK or the US, the English-based support and customer service are very attractive. A lot of people who play at EU casinos access it using a VPN or from a country where they don’t have any domestic online casinos, and most of the time English is their first language or one that they can understand.

The next attractive factor regarding EU online casinos is safety and security. Each online casino in the EU is strictly regulated and licensed. It’s this reassurance that a lot of players look for when choosing an online casino to go to and play at. They are held to the same strict and high standards as those of their British counterparts in the UK, which are upheld and monitored by the UK Gambling Commission. In the EU, a lot of the casinos are also regulated by either the Malta Gaming Authority or the Curacao Gaming Licence Authority. All of which share the same standards and expectations as other authorities across theglobe,e which ensures that all players playing online at EU casino websites.

The casinos that are available online in the EU are also very open to a lot of different payment methods. There are even some crypto casinos where you can play casino games online with cryptocurrency. This openness to accepting a lot of different payment methods means a lot to people who like to play at online casinos. The vast majority of them also pride themselves on providing very quick withdrawals, which are measured in hours rather than days. After all, there is nothing more frustrating than having a big win and then having to wait days to get your hard-fought winnings.

And lastly, bonuses and promotions. The vast majority of EU online casinos will have a wide range of different bonuses and promotions that you can sign up for and take advantage of. There are certain countries, such as Sweden, where the online casinos are strictly limited to one bonus or one promotion; however, the vast majority of EU casinos are not subject to such restrictions and offer a great online casino experience.

When it comes to the popularity of EU online casinos, it is growing year on year. There is plenty going in their favour and more people than ever before are shifting to online casinos rather than having to go down to the casino themselves. The fact that they can access these EU casinos from their smartphones, wherever they are, means it’s easier than ever before to win big at a casino online and have a good time.

 

 

 

 

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William Hill Announced as Official Betting Partner of Qipco Guineas Festival

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Leading bookmaker becomes official betting partner of first UK Classic meeting of 2024

William Hill has been announced as the new official betting partner of the Qipco Guineas Festival, the first UK Classic meeting of the season.

It’s the latest addition to William Hill’s spring racing roster, following sponsorship of The Lincoln Handicap at Doncaster, the Punchestown Champion Chase and its status as official betting partner of the Randox Grand National Festival.

The 2,000 and 1,000 Guineas headline the three-day meeting and the leading bookmaker will sponsor 15 races across the weekend with the Jockey Club Stakes, Palace House and Dahlia Stakes among the races now featuring the William Hill title.

Aidan O’Brien’s unbeaten superstar City of Troy is still all the rage for the 2,000 Guineas at 4/6 whereas Karl Burke’s Fallen Angel heads a competitive looking 1,000 Guineas market at 7/2.

“We’re delighted to become the official betting partner of the Qipco Guineas Festival, strengthening our relationship with The Jockey Club on the back of a fantastic Grand National Festival,” a spokesperson for William Hill, Lee Phelps, said. “It’s brilliant for William Hill to be associated directly with such a prestigious event at Newmarket, the home of the thoroughbred, for this season’s first two Classics. The company has a close connection with the history of the 2,000 Guineas as William Hill himself bred the 1949 winner, Nimbus, who then went on to win the Derby.

“We’re excited to be involved at racing’s key meetings and see the Qipco Guineas Festival as the perfect sponsorship as the British flat season kicks into gear.”

Newmarket – 2,000 Guineas: May 4, 2024

City Of Troy 4/6
Rosallion 4/1
Notable Speech 12/1
Henry Longfellow 12/1
Night Raider 16/1
Alyanaabi 16/1
Ancient Wisdom 16/1
Task Force 16/1
Ghostwriter 16/1
Iberian 20/1
BAR 25/1

Newmarket – 1,000 Guineas: May 5, 2024

Fallen Angel 7/2
Ylang Ylang 4/1
Dance Sequence 5/1
Ramatuelle 10/1
See The Fire 12/1
Content 12/1
One Look 14/1
Pretty Crystal 14/1
Buttons 20/1
Purple Lily 20/1
Porta Fortuna 20/1
Star Style 20/1
BAR 25/1
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EuropeanGaming.eu is a premier online platform that serves as a leading information hub for the gaming and gambling industry. This industry-centric media outlet reaches over 200,000 readers monthly, providing them with compelling content, the latest news, and deep-dive insights.

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