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European Parliament Study: Including Online Gambling In EU Digital Single Market Benefits Consumers

George Miller

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European Parliament Study: Including Online Gambling In EU Digital Single Market Benefits Consumers
Photo Source: eaie.org
Reading Time: 2 minutes

 

 A new study by the European Parliament has found that deepening EU digital single market (DSM) rules to include online gambling could deliver nearly €6 billion in savings for EU consumers and businesses per year and fill existing gaps in Europe’s consumer protection framework. The European Gaming and Betting Association (EGBA) welcomes the findings and calls on EU policy makers to introduce a single set of rules for online gambling.

The study, presented to the Parliament’s Internal Market and Consumer Protection Committee (IMCO) during its session on 2-3 September, evaluated the benefits of existing DSM measures and outlined the potential economic benefits for citizens and businesses by further deepening DSM policies.

The study found that the EU could potentially generate €5.6 billion per year in societal welfare and consumer benefits by including online gambling – a sector worth €20 billion per year – in the DSM. This would be done by addressing current gaps in consumer protection – which are a result of 28 different sets of national gambling policies which diverge significantly and create unnecessary national barriers.

In 2014, the European Commission recognised this problem and issued a non-binding Recommendation to EU Member States aimed at creating a more consistent consumer protection basis for the 12 million Europeans who regularly bet online. But a recent study found that the Recommendation has been implemented fully by only one EU Member State and EU consumers are being exposed to varying degrees of consumer protection – many of which are inadequate.

Alongside the diverging national rules for consumer protection in online gambling, national enforcement tools like geo-blockings and payment-blockings jeopardise consumer safety by pushing EU consumers towards betting websites operated outside the jurisdiction and reach of the EU. The introduction of a single set of rules applicable across all Member States would correct this, help better regulate Europe’s online gambling activities and provide higher standards of consumer protection.

The creation of a single rulebook for online gambling would also lessen significant administrative duplication for European businesses. EGBA member companies are based in the EU and offer online betting services across 19 Member States and collectively hold more than 134 online betting licenses to do so – averaging 22 licenses per company, each with their own compliance requirements.

“Introducing a single set of rules for online betting in the EU makes perfect sense – it would improve the regulation of the sector, save significant money for both consumers and companies and help better protect consumers. That is why EGBA is calling on EU policymakers to ensure that the Digital Single Market benefits the 12 million Europeans who bet online.” – Maarten Haijer, Secretary General, EGBA.

Central Europe

The D-A-CH regional update will be joined by leading experts from Austria, Germany and Switzerland at EGC2019 Milan

Zoltan Tundik

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Reading Time: 4 minutes

 

Leading experts from the German-speaking regions to join the D-A-CH regional update at EGC Milan 2019!

European Gaming Congress (EGC) will once again bring the D-A-CH region under the focus and for a quality briefing about the jurisdictions, and we have invited leading experts from Austria, Germany, and Switzerland to showcase the latest content.

The conference will take place on the 8th of November at Radisson Blu Hotel Milan and gathers 125 leading experts who have the possibility of leveraging from the connections they make during the event.

The “D-A-CH Regional Update” compliance panel discussion will be joined by Dr. Christian Rapani (Attorney at Law at Dr. Christian Rapani), Dr. Joerg Hofmann (Partner at MELCHERS LAW) and Dr. Simon Planzer (Partner at PLANZER LAW), who will also moderate the discussion.

You can register here or view the agenda here!

Below you can find the bio for each of the speakers:

Dr. Christian Rapani – Attorney at Law at Dr. Christian Rapani

Dr. Christian Rapani founded his law firm in Graz in 2013 specializing in business and corporate law. Dr. Christian Rapani is the author of numerous publications in these areas of practice. He possesses extensive experience in advising Austrian and international clients on all aspects of business law. One of his key topics of consultancy are issues regarding gaming and betting law with a special focus on B2B and B2C online gaming and betting offers. He provides guidance in various licensing procedures and advises clients on Austrian regulatory requirements and developments affecting their business activities.

Dr. Joerg Hofmann – Partner at MELCHERS LAW

Dr. Joerg Hofmann is a Past President of the International Masters of Gaming Law (“IMGL”) and group leader of the Gaming & Betting Law Practice Group of Melchers Law Firm.  He has been practicing gaming law since the mid-90s and Melchers’ legal advice is highly valued by global market leaders in all sectors of the gaming industry.  A highly recognized expert in the field, Joerg has been consistently ranked as a leading individual and expert in gaming law by prestigious legal directories including Chambers Global and Best Lawyers for many years.

Dr. Simon Planzer – Partner at PLANZER LAW

Dr. Simon Planzer is a partner at PLANZER LAW, a Zurich-based gaming law boutique.

PLANZER LAW’s team provides strategic, regulatory and legal advice to companies, regulators and other stakeholders across all areas of the gaming and entertainment industry.

The firm’s primary focus is on EU/EEA gaming law, compliance issues such as AML as well as Swiss gaming law and related commercial, corporate and financial matters.

Dr. Simon Planzer is General Member of the International Masters of Gaming Law. An alumnus of the College of Europe, he specialised early on in EU affairs and gaming law, working at the EFTA Court, the legal service of the EFTA Secretariat and as research fellow in European business law.

Dr. Simon Planzer is the author of the monograph (PhD) ‘Empirical Views on European Gambling Law and Addiction’(2014) and the book chapter ‘Gambling Law’ in The Handbook of EEA Law (2016), both published by Springer International Publishing. Simon also works as a Lecturer in Law at the University of St.Gallen where he teaches European Economic Law. He studied and did research i.a. at Harvard University, the College of Europe and the European University Institute.

Dr. Simon Planzer, founding partner of PLANZER LAW has recently received the recognition from Chambers & Partners and has been listed as a global gaming law expert. Clients and firms across many practice areas and geographies have trusted Chambers’ research for nearly 30 years.

Dr. Simon Planzer, founder of Planzer Law, is endorsed by interviewees (Chambers & Partners) as “absolutely excellent” and “the top Swiss lawyer” for gaming. He is actively involved in the shaping of gaming regulations in Switzerland, regularly interacting with the authorities, as well as providing regulatory advice to private clients. Based in Zürich, he is additionally active representing fantasy sports companies.

Make sure you take advantage of this unique opportunity of learning and networking with the gambling industry in Europe via the EGC platform every year.

Register here!

Browse the official event website here:  www.europeangamingcongress.com

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European Union

Casino Technology Celebrated its 20th Anniversary

Niji Narayan

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Casino Technology Celebrated its 20th Anniversary
Reading Time: < 1 minute

 

Casino Technology has celebrated its 20th anniversary in a luxury five-star hotel in Sofia, Bulgaria with a spectacular party. VIP guests and representatives from many local and international casino operators and companies have attended the anniversary event.

“We are thankful of the support of our partners and clients. A constant strive for innovation, focused on customers’ needs and offering the best of breed solutions will be the driving forces behind our company going ahead. With the global and industry changes our company will step into the year 2020 with a new vision and brand name, reflecting the new trends in the interactive and more versatile technology era,” Milo Borissov, CEO of Casino Technology said.

“Having the trust and loyalty of our customers, Casino Technology will continue ahead focused on being close to their needs and trending the product supply focused on the new generation of players,” Milo Borissov added.

“A number of factors played crucial role to our success, but one of the most important is our team, the people working for our company, who are critical for our success and we are thankful for that. We focus on understanding our customer needs and the most important is the customer-centric philosophy that has always been the company`s guiding light,” Rossi McKee, VP of Casino Technology said.

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European Union

European Parliament Study: Including Online Gambling In EU Digital Single Market Benefits Consumers

George Miller

Published

on

European Parliament Study: Including Online Gambling In EU Digital Single Market Benefits Consumers
Photo Source: eaie.org
Reading Time: 2 minutes

 

 A new study by the European Parliament has found that deepening EU digital single market (DSM) rules to include online gambling could deliver nearly €6 billion in savings for EU consumers and businesses per year and fill existing gaps in Europe’s consumer protection framework. The European Gaming and Betting Association (EGBA) welcomes the findings and calls on EU policy makers to introduce a single set of rules for online gambling.

The study, presented to the Parliament’s Internal Market and Consumer Protection Committee (IMCO) during its session on 2-3 September, evaluated the benefits of existing DSM measures and outlined the potential economic benefits for citizens and businesses by further deepening DSM policies.

The study found that the EU could potentially generate €5.6 billion per year in societal welfare and consumer benefits by including online gambling – a sector worth €20 billion per year – in the DSM. This would be done by addressing current gaps in consumer protection – which are a result of 28 different sets of national gambling policies which diverge significantly and create unnecessary national barriers.

In 2014, the European Commission recognised this problem and issued a non-binding Recommendation to EU Member States aimed at creating a more consistent consumer protection basis for the 12 million Europeans who regularly bet online. But a recent study found that the Recommendation has been implemented fully by only one EU Member State and EU consumers are being exposed to varying degrees of consumer protection – many of which are inadequate.

Alongside the diverging national rules for consumer protection in online gambling, national enforcement tools like geo-blockings and payment-blockings jeopardise consumer safety by pushing EU consumers towards betting websites operated outside the jurisdiction and reach of the EU. The introduction of a single set of rules applicable across all Member States would correct this, help better regulate Europe’s online gambling activities and provide higher standards of consumer protection.

The creation of a single rulebook for online gambling would also lessen significant administrative duplication for European businesses. EGBA member companies are based in the EU and offer online betting services across 19 Member States and collectively hold more than 134 online betting licenses to do so – averaging 22 licenses per company, each with their own compliance requirements.

“Introducing a single set of rules for online betting in the EU makes perfect sense – it would improve the regulation of the sector, save significant money for both consumers and companies and help better protect consumers. That is why EGBA is calling on EU policymakers to ensure that the Digital Single Market benefits the 12 million Europeans who bet online.” – Maarten Haijer, Secretary General, EGBA.

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