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In the small Austrian town of Graz at the foot of the Alps, a family business founded in 1980 has written a legend in the global gaming industry over more than forty years.The Novomatic Group, starting as a family workshop producing physical slot machines, has transformed into a technology giant cov
A careful study has been conducted on the new coalition agreement of the Austrian government and whether it will lead to the liberalization of online gambling. Some stakeholders are optimistic about the upcoming gambling reforms, while others believe that the current government's view on gambling is
The new tripartite coalition government in Austria, led by Andreas Hanger, Kai Jan Krena, and Karin Doppelbauer, has approved the interim budget for 2025, which includes a significant increase in the Austrian sports betting tax. This move will increase the betting fee from 2% of the betting amount t
After the breakdown of negotiations between the conservative People's Party (ÖVP) and the right-wing populist Freedom Party (FPÖ), Austria has formed a new three-party coalition government. This coalition has opted not to open up the market but to focus on continuing the current monopoly model - at
National LawAccording to the regulations of the Austrian government and applicable laws, Casino Austria AG holds a gambling monopoly in Austria. This applies to both physical casinos and classic online casinos in Austria. According to these regulations, all providers other than Casinos Austria AG a
Although most EU member states have adopted modern online casino gaming licensing frameworks, Austria remains one of the only two countries still adhering to an outdated monopoly system. This poses risks to Austrian players and results in billions of uncollected taxes.In Brussels, the European Gamin
The Las Vegas Convention and Visitors Authority will spend $3.25 million over the next two years for international agencies to represent Las Vegas in three countries.The LVCVA board of directors on Tuesday unanimously approved spending $1.97 million in the 2026 fiscal year and $1.28 million in the 2
As the new government is about to take office and the new online casino license tender begins, stakeholders in Austria anticipate the end of the country's decades-long gambling monopoly and the opening of the online market.According to industry stakeholders, 2025 could be the year Austria ends its o
After the announcement of the agreement, the operator Tipico will acquire 100% of the shares of Atlas Group GmbH, the parent company of Novomatic AG's Austrian Admiral Group. This latest announcement comes as the German company Tipico seeks to further strengthen its business in neighboring Aus
Gambling giant Novomatic has concluded an agreement with the Tipico Group on the sale of its 100% stake in Atlas Group GmbH, the parent company of the Admiral Group in Austria, subject to certain conditions such as regulatory approvals. No financial details of the deal have been released. Sports bet
Sports betting giant Bet365 has reported a return to profitability in its 2023-2024 fiscal year, driven by revenue growth from its sports betting operations and strategic expansion into new markets, particularly the United States.The company’s annual filing with Companies House shows group revenue r
Tipico Group has agreed to acquire a 100 per cent stake in the parent company of Novomatic’s Admiral Austria company to boost its gaming and betting reach. The deal for Atlas Group will see Tipico strengthen its position in Austria and expand its portfolio. “For 20 years, Tipico has stood for sta
Tipico to Acquire Admiral Austria, Bolstering European PresenceGaming technology group NOVOMATIC AG has agreed to sell its Austrian subsidiary, ADMIRAL Austria, to the Malta-based Tipico Group. This mutually beneficial agreement should help Novomatic expand its global presence while strengthening Ti
As discussions on the modernization of gambling regulation gain momentum, Austria is at a pivotal moment.Despite 21 EU member states adopting a multi-license framework for online casino games, Austria remains one of the only two countries (the other being Poland) that still maintains a monopoly syst
The European Gaming and Betting Association (EGBA) has called for Austria to scrap its current gambling monopoly framework and introduce a multi-licensing system.In a statement on its website, the EGBA has asked for the country’s government officials to utilise the ongoing negotiations to reform the
