Eurostat Gambling
4/3/2022 admin
Notes that AMLD IV improves the scope of enhanced CDD for undertaking business with high-risk countries and the definitions and obligations concerning PEPs and UBOs, lowers the cash payment threshold from EUR 15 000 to EUR 10 000, and extends the scope of obliged entities to include the entire gambling sector, and not just casinos; recalls that.
- Euromonitor is the world's leading independent provider of strategic market research. Get data & analysis on thousands of products & services globally.
- According to gambling gross revenue for 2017–2019 the model reveals that gambling sector revenue, considering the change in gross domestic product, had a higher growth potential and the right to submit a request to self-exclude from gambling established in 2017 may have had a serious effect on slowing down the growth of gambling.
Under Belgium’s gaming law, only businesses with land-based gaming operations have the right to extend their offerings online.
In 2019, a Belgian Constitutional Court annulled a royal decree which outlines the fees owed by online licence holders to cover administrative expenses at the Belgian Gambling Commission (BGC).
The court said there was no reason holders of A+ and B+ licences should pay different amounts for the ongoing supervision costs of the Belgium Gambling Commission.
Under the Royal Decree on 2020 licensing fees, the fee for a Class A licence is €22,085. In addition, under the terms of a Class A licence, casino licensees that operate gaming machines must pay €714 per machine, with a minimum total of €21,420.
Eurostat Gambling Statistics
On February 6, 2020, the Council of State annulled Article 1(1) and Article 3(2) and (3) in the Royal Decree of October 25, 2018 on the operation of online games of chance and betting. The Belgian Gaming Commission published information about the impact of these decisions on online gambling licensees on February 19, 2020.
However the courts have largely upheld recent crackdowns on gambling advertising that make it almost impossible for companies to market their brands outside of their own premises.
Eurostat Gambling Advice
Other recent key developments include anti-money laundering (AML) requirements brought into force in October 2017 require operators to carry out due diligence measures when players wager stakes or collect winnings of €2,000 or more.