The European Union's Diverse Online Casino Legal Framework
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The European Union is the first region where similar economic and political values govern member states. The 27 member countries are autonomous and can freely regulate their gaming services as they see fit. This explains the diverse online casino regulatory framework across the region, which spans over 4 million square kilometers.
Europe's online casino market is expected to grow at a CAGR of 7.9% and reach US$ 56.8 billion by 2027. France, Germany, Finland, and Spain have a significant gaming community. The European Union's Diverse Online Casino Legal Framework is key to the future of the European iGaming market.
The European Union's Diverse Online Casino Legal Framework defines the laws regarding online casino gaming in the EU.
Malta was the first nation in the EU to offer online casino gaming services. Malta Gaming Authority regulates Business-to-Business (B2B) and Business to Consumer (C2C) licenses. The B2A license covers different games. Type One covers games of chance played against the house and whose results are generated by Random Number Generators.
Cyprus is the third largest island in the Mediterranean and one of the biggest markets for online casino services. The country restricted gaming until 2012, when it passed a law regulating different forms of betting. In 2019, the act was amended, sealing different loopholes in this industry. Private entities can provide players with gaming services so long as they stick to the set laws.
Hellenic Republic allows different types of online casino gaming services regulated by the Hellenic Gaming Commission. The governing body comprises nine officials appointed by Ministry of Finance. Private entities can offer gaming to players on the condition they hold valid online gaming licenses.
France is a member of the European Union. It is one of a few countries where online casino gaming is allowed. France has three regulatory bodies that issue different betting licenses to companies.
Italy is one of the few countries where betting laws are liberal. In 2006, Italy passed a law allowing private entities to offer citizens online gambling services. Five years later, the law was amended, favoring gamers and casino softwares companies. Agenzia Dogane e Monopoly di Stato, which regulates the industry, also monitors corruption, fraud and money laundering.
The European Union has a diverse online casino legal framework. Each EU member state has different gaming laws enacted by their respective governments.
