Back
Original version

Malta delayed Austria's gambling market reform 🔹Austria will not be able to adopt the new gambling reform before 7 Dec...

Automatically translated version. May contain inaccuracies compared to the original.

Malta delayed Austria's gambling market reform

🔹Austria will not be able to adopt the new gambling reform before 7 December. The reason was objections from Malta, which submitted an official opinion on the bill to the European Commission. Because of this, the deadline for its approval was automatically extended by another month.

🔹The reform is supposed to end the monopoly on online casinos and open the Austrian market to private operators. Currently the sole local license is held by Win2Day, although Austrian players are also served by operators licensed in other EU countries, notably Malta.

🔹Under the new rules such companies would have to stop serving Austrian customers by the end of 2026 and wait for the launch of the new licensing system, scheduled for 1 October 2027. Violators could also be barred from obtaining an Austrian license for 18 months. Operators must also settle old tax debts and comply with court rulings in favor of players.

🔹As Der Standard writes, one reason for Malta's dissatisfaction may be Austria’s requirement to enforce foreign court decisions ordering refunds to players. Maltese law in some cases allows casinos not to comply with such decisions. Because of this, operators with Maltese licenses may face problems when obtaining Austrian licenses.

@sho_azartny

Screenshot of a Telegram post: Malta delayed Austria's gambling market reform 🔹Austria will not be able to ad…

Мальта відтермінувала реформу азартного ринку Австрії

🔹Австрія не зможе ухвалити нову гральну реформу раніше 7 грудня. Причиною стали заперечення Мальти, яка подала до Єврокомісії офіційний висновок щодо законопроєкту. Через це термін його погодження автоматично продовжили ще на місяць.

🔹Реформа має скасувати монополію на онлайн-казино та відкрити австрійський ринок для приватних операторів. Наразі єдину місцеву ліцензію має Win2Day, хоча австрійських гравців також обслуговують оператори з ліцензіями інших країн ЄС, зокрема Мальти.

🔹За новими правилами такі компанії повинні будуть припинити роботу з австрійськими клієнтами до кінця 2026 року та чекати запуску нової системи ліцензування, запланованого на 1 жовтня 2027-го. Порушникам можуть додатково заборонити отримувати австрійську ліцензію протягом 18 місяців. Також оператори мають закрити старі податкові борги та виконати судові рішення на користь гравців.

🔹Як пише Der Standard, однією з причин невдоволення Мальти може бути вимога Австрії виконувати рішення іноземних судів щодо повернення гравцям програних коштів. Мальтійське законодавство в окремих випадках дозволяє казино не виконувати такі рішення. Через це оператори з мальтійськими ліцензіями можуть зіткнутися з проблемами під час отримання австрійських ліцензій.

@sho_azartny

Screenshot of a Telegram post: Мальта відтермінувала реформу азартного ринку Австрії 🔹Австрія не зможе ухвали…
Download Download proof

Other channel publications

Scanned Telegram publication

Assets of $635 million were blocked in Brazil in a case involving an illegal iGaming business 🔹Brazilian police carried out a large-scale operation against a network suspected of organizing illegal gambling. Raids took place across six states. By court order, assets of 64 individuals and 120 companies were frozen for a total of about 3,5 billion reais ($635,8 million). The operation took place on 5 November under the direction of the Civil Police of the Federal District. About 200 law enforceme...

Scanned Telegram publication

Crypto services have already earned more than $200 thousand in fees from the billions stolen from Binance 🔹While hackers are trying to launder the cryptocurrency from $6,3 billion, decentralized services are collecting fees for processing those transactions. According to The Wall Street Journal, in just the first three days more than $46 million of the stolen assets passed through THORChain, and fees exceeded $200 thousand. 🔹Almost another $4 million was routed through Wasabi Wallet, which is...

Scanned Telegram publication

British regulator found: white Britons gamble more often, but gambling problems are more common among ethnic minorities 🔹According to the Gambling Commission, 50,3% of white Britons took part in gambling in the past four weeks. Among other ethnic groups the rate was 28,6–44,1%. 🔹Meanwhile, among those who gambled, signs of serious problems were found in 3,4% of white Britons versus 15–25,1% of people from other groups. They also reported negative impacts on health, finances, and relationships...

Scanned Telegram publication

DraftKings is investing more than $1 billion in prediction markets, and its shares fell nearly 30%. 🔹The American bookmaker plans to spend $650–700 million on the new direction in 2026 and another $250–350 million in 2027. Total investments could exceed $1 billion. 🔹After the earnings release on 6 November, DraftKings shares plunged nearly 30%, and the company’s market capitalization temporarily fell by about $3 billion. 🔹Because of spending on prediction markets, the company cut its adjusted...

Scanned Telegram publication

European gambling regulators discuss creating a shared database of illegal casinos 🔹During a meeting in Germany, the United Kingdom proposed launching a single portal for sharing information about illegal gambling websites and apps. This is intended to help regulators from different countries more quickly identify operators that are operating without the appropriate licenses. 🔹The first step was an agreement between the German regulator GGL and the British Gambling Commission to deepen data sh...

Scanned Telegram publication

The theft of $6,3 billion at Binance forced insurers to reassess cryptocurrency exchange risks 🔹 After the largest crypto heist in history, insurance companies plan to strengthen audits of crypto exchanges and reconsider approaches to risk assessment. According to Reuters, there are effectively no insurance policies on the market capable of covering losses of that magnitude. 🔹 An additional problem could be a possible North Korean link. Many insurance contracts include exclusions for losses fr...