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OVWG Asks to End the Monopoly of the Game in Austria

The Austrian Betting and Betting Association (OVWG) requested that the monopoly of the casinos in the country be terminated, after the scandal in which the state-owned Casinos Austria is involved, which has been operating exclusively the Austrian casinos since 2016.

According to a recent investigation, the appointment of Peter Sidlo as CFO of Casinos Austria, was related to the granting of licenses in Vienna. However, Sidlo denies the veracity of those reports.

The OVWG said the state monopoly refers to

“the multiple role of the Federal Minister of Finance as a supervisory authority, licensing agency and co-owner.”

It also said that

“it is an unjustifiable fact that there is only one national online gambling license, which also raises important concerns about its compliance with EU legislation.”

According to OVWG

“the regulation of cutting-edge gaming in line with market conditions should serve to create a transparent and safe gaming environment: player protection for clients, legal security for businesses and comprehensive control and guaranteed tax revenues for the state”.

The Austrian Betting and Betting Association argues that

“The online sector in particular offers a multitude of technical possibilities that ensure comprehensive state control. Digitization opens up completely new possibilities in the area of ​​player protection and Austria must aggressively deal with modern legislation and licenses.”

OVWG President, Claus Retschitzegger, reported that they

“have received scientific studies from the University of Munich and the University of Vienna, which clearly conclude that the current monopoly is violating EU law.”

“If Austria really cares about player protection, it is time to introduce a transparent, fair and compliant licensing system that complies with the EU and an independent regulatory authority. These licenses must be presented in a public and transparent process and must not be adapted to a specific company,” Retschitzegger added.

Source:
https://europeangaming.eu/portal/latest-news/2019/11/26/59406/ovwg-calls-for-end-of-gambling-monopoly-in-austria/

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Santiago Contreras

Santiago Contreras

I am a professional journalist dedicated to tracking news related to the stock market, business, finance, blockchain and economics. It is a hobby that I share with sports in general, with special attention to tennis, basketball and soccer. I like to offer our readers relevant, entertaining and useful content to help them inform themselves and make decisions every day. Thanks for reading me!

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