Changes in the gambling industry in 2023
The iGaming world is exciting enough. For this reason, changes are constantly taking place in this area. Let’s look at some of the most significant of them that have occurred recently.
Social responsibility in European countries
The most advanced gambling markets are located in the UK and the European Union, where there are rules that are adopted by other countries. For example, in Malta they want to develop an ESG Code (environmental, social and corporate governance). In addition, there are indicators that indicate the possibility of problems for some groups of gambling gamers. For this reason, instructions are being developed to control the level of risk of harm. Also, companies that have a B2C license must constantly show the player’s balance and improve the level of staff qualifications. And also monitor the behavior of the players.
Uruguay bill
The bill has survived objections and criticism over “weak” controls, as well as allowing only indoor casinos to launch online platforms. The AUF is also going to oppose the ban on advertising partnerships between bookmakers and teams.
Launch of a new website on the island of Curacao
In connection with the upcoming changes in the rules in the field of gambling, the Ministry of Finance has opened a website with a list according to which the CGA will be created. The Curacao Gaming Authority will regulate the issuance of the new fee plan as well as the issuance of licenses. Those who have received a license undertake to provide three employees to work on the island. They also come under more stringent supervision as part of anti-money laundering.
Web gambling restrictions in Georgia
The country has approved a ban on the offer of online gambling for everyone except companies that have licenses for land-based activities. In this regard, one of the points was an increase in the tax on income from games, as well as an increase in the age category of citizens to twenty-five years.
Online gambling advertising ban in Belgium
This law was adopted in connection with the decree of the king of the country, and will enter into force on July 1, 2023. However, there are a number of exceptions such as:
- restriction (not prohibition) of advertising related to sports betting;
- the ban does not apply to advertising of the country’s lottery;
- license holders have the right to broadcast messages from sponsors with a duration of no more than 5 seconds, and their number should not exceed two per hour;
the above messages can be displayed only before the start of the match or after, but only within fifteen minutes.
Legal betting sites in Germany
The country introduced a limit on a deposit of €1,000 per month, as well as on a spin of €1. According to a recent report by GGL, a fairly high success rate for these bans was found. From which it follows that ninety-five percent of the rates are carried out on the legal websites of Germany.
Creation of a “self-regulatory” body for the online gaming industry in India Rules were published in the country in January to create a number of laws, controlling online gambling. From which it follows that members of the gambling business will now be part of this body.
