A new EU court ruling gives players another shot at recovering money lost to online operators that took bets in markets where those games were still banned. What the Court Actually Said The Court of Justice of the European Union held that member states can keep their own bans on online gambling in place, even […]
EU
Illegal Online Casinos Dominate EU Market, Draining €20 Billion in Tax Revenue
A damning new report shows that illegal online gambling is now the dominant force across the European Union, swallowing up 71% of the market and costing governments billions in lost tax revenue. The study, commissioned by the European Casino Association (ECA) and conducted by intelligence firm Yield Sec, estimates that in 2024, unlicensed gambling sites […]
A Unified Front Against Financial Crime: EGBA Applauds New EU Anti-Money Laundering Measures
EU Takes Final Step in Strengthening Financial Security The European Gaming and Betting Association (EGBA) has expressed strong support for the European Union’s new anti-money laundering (AML) package, finalized on May 30. This significant development comes after the European Council’s approval, marking the completion of the EU’s legislative process aimed at intensifying the fight against […]
EGBA Embraces Frankfurt as New Home for EU Anti-Money Laundering Authority
The EU’s decision to set up the new Anti-Money Laundering Authority in Frankfurt is a smart move. It shows they’re serious about fighting money laundering and they’re using Frankfurt’s strong financial background to help do that. Establishment of the European Anti-Money Laundering Authority (AMLA) The European Gaming and Betting Association (EGBA) has expressed its support […]
