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Bulgaria’s Gambling Advertising Bill awaits EC Green Light

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Bulgaria's Gambling Advertising Bill awaits EC Green LightReading Time: 2 minutes

Bulgaria’s gambling law amendments are waiting for the approval of the European Commission before they cam com into effect, announced the country’s Committee on Budget and Finance.

The Committee expressed their accord by saying that the gambling law was already once ratified by the European Commission, this meaning tha any future reforms and additions to its existing provisions will have to be given a formal consent by European commissioners. Bulgaria may face sanctions from the EU, if it fails to provide the newly introduced gambling-focused bill for an EC review.

The Bulgarian Ministry of Finance will now have to prepare the necessary documentation and notify the Commission about the proposed changes to its gambling law.

EU commissioners will then have three months to review the legislative piece to determine whether it is in line with European regulations. If the bill survives the three-month standstill period and gains enough traction in the nation’s legislature, there would be no more hurdles before its enactment.

The legislative piece, authored and sponsored by Deputy Prime Minister Valeri Simeonov and his party, the National Front for the Salvation of Bulgaria, was introduced this spring. The bill aims to curb the aggressive promotion of scratchcards and other lottery and gambling products and services and to limit significantly the number of facilities where scracthcards can be purchased from.

Bulgaria’s regulated gambling market was worth BGN3 billion (approximately $1.9 billion) last year and represented around 3% of the country’s GDP. The local gambling industry has been going from strength to strength over the past several years, with its rapid growth being driven mainly by the rising scratchcards sales.If approved in its current form, Minster Simenov’s bill would restrict the direct and indirect advertising of scratchcards and other lottery-style games across different media outlets. However, lottery and totalizator draws would still be broadcast on television and the names and of games would still be allowed to be mentioned across media.

Minister Simeonov has also clarified previously that while draws and the names of different lottery games would not be banned from television, winners in such games would no longer be shown under the new bill.

 

Source: CasinoNewsDaily


Source: European Gaming Media

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Potential New Casino In The Center Of Gdansk

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Potential New Casino In The Center Of GdanskReading Time: 1 minute

There is a new intention of creating a new casino in Gdansk in the newely opened IBB Hotel in Dlugi Targ. The one and only issue is that there are already two casinos in the city and the current gambling legislation does not allow another one.

The Warsaw-based company Casino, which manages, among others: a casino in Sopot, wants to open another one in Gdańsk. The company applied for permission to rebuild the premises for a casino and a club with a small gastronomy. Where? In the basement and ground floor of the IBB Hotel in Długi Targ, which opened in April.

We have accepted the casino offer, but now it has to deal with a number of procedures, including getting permission from the Ministry of Finance and the City Council of Gdansk” – said Adam Trybusz, the owner of the object.

The Gambling Act of Poland states that in towns with up to 250,000 residents only one casino can be created, and for each subsequent started 250 thousand inhabitants, their number is increased by one. The number of casinos in the region can not be higher than one casino for each full 650,000 inhabitants.

 

Source: e-playonline


Source: European Gaming Media Latest News

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ACMA probes .cc gambling websites

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The Australian Communications and Media Authority (ACMA) is investigating the allegation that gambling websites using the .cc domain extension have breached of the Interactive Gambling Act (IGA).

As per the IGA, website operators are prohibited from offering casino-style games and live sports betting to Australian customers.

Gambling operators without an Australian licence are also prohibited from taking bets from Australian customers.

“When deciding if a site should be investigated, the ACMA considers a number of factors, including whether the service being provided may be a prohibited or unlicensed service … and whether it may have an Australian-customer link,” an ACMA spokesman said.

Dr. Charles Livingstone, a gambling law expert from Monash University, said the sites do appear to have breached the act.” The avowed purpose of the IGA is to protect Australians from less well-regulated gambling sites, and to prohibit non-wagering gambling being available online,” he said. “Using a web address of an Australian territory to offer online gambling services is an offence, unless the provider is registered in an Australian jurisdiction.”

 

Source: 5star.media

 


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MGA | FIAU issues the Implementing Procedures – Part II addressed to the Remote Gaming Sector

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MGA | FIAU issues the Implementing Procedures - Part II addressed to the Remote Gaming SectorReading Time: 1 minute

The Financial Intelligence Analysis Unit (FIAU) has today issued the Implementing Procedures – Part II (found here) addressed to the remote gaming sector.  This document focuses, and provides guidance, on certain aspects of the Prevention of Money Laundering and Funding of Terrorism Regulations (“PMLFTR”) which warrant further elaboration at industry-specific level to ensure that they are understood and interpreted consistently by licensees.

The Implementing Procedures – Part II for the remote gaming sector were drawn up in conjunction with the Malta Gaming Authority and following due consultation with the relative sector.  All interested parties are to take note thereof. These Implementing Procedures are also accessible through the FIAU’s website – http://www.fiaumalta.org/ – and are considered to have come into force on the date of their publication.


Source: European Gaming Media Latest News

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