Obtaining an online gambling license is an important step in opening an online casino or sports betting business. Although some operators consider the application process to be complex and daunting, it is important to note that the long-term benefits of a license far outweigh the investment in money and time.
It is illegal to operate an online casino in Canada without a license, however, it is perfectly safe and legal for Canadians to play at any offshore casino. It is estimated that by 2023 global revenues from the gambling industry will reach 525 billion US dollars. Online gambling and betting account for a significant portion of this revenue with a market estimate of $ 66.72 billion … Continue
On February 2nd, the Regulation Commission of Gambling and Lotteries issued its first gambling license, and one week later issued two more, opening the door for the online operators in the Ukrainian gaming market. Even if the land-based business is not fully operational, starting on the same day, the Commission has issued 6 permits for hotels that are ready to place and start as gambling … Continue
In response to concerns raised by an MP, Mr. Sander Dekker, the Netherlands Minister for Legal Protection, recently declared that the Dutch Government will pledge its energy on protecting children and young adults from gambling-related harm when the country’s legal gambling market will open on April 1st. The Netherlands iGaming market is set to open this year, after few delays, but there are concerns about … Continue
The Netherlands online gaming postponed yet again, and the Remote Gambling Act is set to come into effect on March 1, 2021, while the market will be ready to start on September 1. The Minister for Legal Protection Sander Dekker confirmed in a letter that the legislation would come into force two months later than planned and that the market will open six months later. … Continue
In Romania, according to a draft government decision under public debate at the Ministry of Economy, the lottery games could be played online or at terminals located in shopping malls, without the need to travel players to the headquarters of the agencies. The GD could change the way they play the lottery, in the context of the coronavirus pandemic, so that people no longer have … Continue
Sweden proposed exempts on deposits limits for online gambling on race betting, but the local industry group says the facts don’t support this plan. Last Friday, Social Security Minister Ardalan Shekarabi announced a change to his April proposal of a SEK 5,000 limit on online gambling deposits and losses, plus a SEK 100 limit for online bonus offers. Shekarabi said he was open to applying … Continue
The ruling AK Parti in Turkey, introduced a new package of bills including one that would allow authorities to ban foreign-based and illegal sports betting sites. Turkish authorities blocked popular websites including Wikipedia and YouTube at different times. Gambling, cryptocurrency and online gaming websites are no exception and authorities already block access to several sites, in their crackdown against illegal betting. Like several other markets, … Continue
In Romania, on July 21, 2019 was approved the Law no. 129/2019 for the prevention of money laundering and financing of terrorism, which transposes into national law two European directives, respectively, Directive (EU) 2015/849 regarding the prevention of use of the financial system for the purpose of money laundering or terrorist financing (“Directive 2015/849”) and Council Directive (EU) 2016 / 2.258 of 6 December 2016 … Continue
The south-east Asian nation of Cambodia has a very severe ongoing problem of illegal gambling operators flooding the market. Not being able to combat the issue, the government has announced a complete and indefinite prohibition of online gambling until better regulations are put in place. The government has come up with very proactive steps and as per the reports, issuing of new licenses to the … Continue
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