Weekly iGaming News

Hello iGaming Enthusiasts,

Welcome to the latest edition of our iGaming newsletter, bringing you the most important developments and trends shaping the gaming and lottery sectors worldwide.

EGBA Calls for Modernisation of Austria's Online Casino Regulation

Austria's online casino sector faces scrutiny as the European Gaming and Betting Association (EGBA) urges a transition to a competitive multi-licensing system.

Key Points:

• Austria remains one of only two EU nations with a monopoly system, potentially compromising consumer protection.
• EGBA proposes reforms in licensing, oversight, consumer protection, and taxation.
• A multi-licensing model could generate over €1bn in tax revenue by 2030.

EGBA Secretary General Maarten Haijer highlighted the benefits of adopting a proven regulatory framework, stating, "The evidence from across Europe is clear and compelling: multi-licensing works."

Malta Gaming Authority Releases H1 2024 Interim Performance Report

The MGA outlined significant advancements in regulation, player protection, and international collaboration during the first half of 2024.

Key Statistics:

• 611 probity screenings conducted and eight licences issued.
• 1,625 individuals assisted through player protection programs.
• €185,000 in AML-related fines imposed on operators.

With nearly 5,000 gaming premises inspections and 162 suspicious betting reports managed, the MGA continues to lead global efforts in regulatory excellence.

Curaçao Approves Landmark Gaming Legislation

The passage of the National Ordinance on Games of Chance (LOK) marks a transformative moment for Curaçao’s gaming sector.

Key Highlights:

• The new Curaçao Gaming Authority (CGA) replaces the GCB as the sole regulatory body.
• Stricter compliance measures include responsible gaming and AML protocols.
• Existing licensees will be transitioned through a grandfathering process to ensure business continuity.

These reforms aim to bolster Curaçao’s global reputation and attract reputable operators under a modernised regulatory framework. 

Roblox Under Fire for Enabling Underage Gambling

A Sky News investigation uncovered illegal online casinos exploiting Roblox’s platform to target minors.

Key Findings:

• Children as young as 12 were gambling with Roblox’s in-game currency, Robux.
• One 16-year-old spent £175,000 on an illegal casino.
• Roblox faces legal action for failing to act promptly despite early warnings.

The UK Gambling Commission is now taking urgent steps to shut down these platforms. A spokesperson emphasized the need for vigilance from parents and carers, citing the rise of such unethical practices.

Stay Ahead in iGaming

We’re committed to keeping you informed of the latest trends and challenges in iGaming. Whether it’s regulatory reforms, advancements in player protection, or emerging risks, Crunch Equation is your trusted resource.

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Best regards,

CrunchEquation’s Team