The European Betting and Gaming Association (EGBA) has called for Austria to change its “outdated” online casino gaming system in place.
According to the industry body, Austria’s decision to cling to a monopolistic online casino gaming model is not only putting players at risk but is also the main cause for “hundreds of millions” in losses from tax revenue.
So far, 21 member states across Europe have adopted a multi-licensing system in place that modernises their online gambling frameworks. The outliers in this regard remain Austria alongside Poland, EGBA reminded.
The result – “a thriving black market where thousands of Austrian players gamble on unregulated websites”.
