Austrian Gambling Billionaire Faces Challenges For His Casino Empire
Aside from the massive decline in profit, his business faces charges of corruption, its chief executive resigned, and he needed to pay the debt of nearly 1 billion euros. Alois Woegerbauer, the head of 3 Banken-Generali Investment, a Linz, noted that the gambling industry is a delicate sector that faces several challenges. The official said […]
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Germany Restricts Credit Card Use In Online Casinos
The Glücksspielneuregulierungstaatsvertrag (GlüNeuRStv) expanded the iGaming market by allowing online poker and casinos to operate in the country. Currently, some online betting outlets operate in the country. The Deutsche Presse-Agentur (DPA) said a new regulatory authority would oversee the gambling industry through the GlüNeuRStV located in Sachsen-Anhalt. The third amended State Treaty on Gambling empowered […]
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Germany’s Online Casino Gamblers See Bitcoin As Payment Option
The cryptocurrency was the solution of companies in many parts of the world-changing demand for financial transactions. Both industries faced challenges in the early stages of their development. People were scared of online transactions because of the risks it brings to personal and financial information. Online transactions were prone to internet-related crimes such as fraud […]
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Indian Casino Market A Prime Target For European Firms
A recent study have shown that the Indian casino market is largely untapped, despite the fact that there are millions of players in the country. This makes the country a prime target for European casino operators, and some are already making expansion plans. The appeal of European casinos Indian players are attracted to European casinos […]
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Europe Casino Industry Struggles As Online Platform Surges
Due to the surge of the coronavirus pandemic, many government opted to close non-essential services in order to curb the spread of the virus. This forced people to stay at home and look for alternative means for their daily routine. Many were forced to work at home, and for the leisure industry many used online […]
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Pick-up Food Sales Increased, Casinos Profit Declined
However, the company’s shares fell by 11 percent after announcing that they could not update their financial outlook. Its operating profit declined by 15.3 percent, falling to 386 million euros, during the first six months of the year. Casinos and other gambling facilities in France reported the same trend of declining revenue. The lockdowns caused […]
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English Football League Pleads Government To Ditch Gambling Sponsorship Ban
Without these sponsorships, the EFL thinks that most of its smaller club members will be forced into administration due to lack of revenue. The government is planning to ban all gambling related elements on sports team kits. The ban also covers ads on football stadiums. Tough stance on gambling Recently, the House of Lords Gambling […]
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European Bookmakers Bids Operations In The US
The lifting of restrictions in the US for online gambling attracted the interests of European operators for expansion. More and more states in the US are accepting betting. Gamblers in the country showed the same trend as their European counterparts. Many American gamblers are now subscribing to online gaming and betting platforms. Sportsbooks are gaining […]
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Poker Veteran Roger Hairabedian Wins Europe’s First Major Live Event
King’s Resort is making the poker scene alive again as it opens the biggest sporting venue in the region. The Resort plans scheduled a series of poker games, which started with a €2,500 Pot-Limit Omaha High Roller. Kings Resort plans to launch tournaments in the next two months. The gambling industry in Europe is now […]
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888 Holdings, Authentic Gaming Partners To Provide Live Casino Games
Online gaming companies are currently racing to expand their operations on a broader territory. Companies in Europe are now lobbying state regulators for approval of online casino licenses. There is no better way to build a strong foundation than to merge operations with other influential companies. Partnerships help firms bring their products to markets they […]
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