The European Gaming and Betting Association (EGBA) has released a report stating that the multi-licensing approach for online gambling is gaining “undeniable momentum” in Europe. This trend, which allows operators to hold licenses in multiple European countries, is seen as a way to promote a more competitive and dynamic online gambling market.
According to the report, the number of operators holding licenses in multiple European countries has increased significantly in recent years. This is due in part to the fact that many European countries are starting to recognize the benefits of allowing operators to hold licenses in multiple jurisdictions. By doing so, these countries are able to attract a wider range of operators and offer consumers more choices in terms of online gambling options.
The report also highlights the potential benefits of the multi-licensing approach for both operators and consumers. For operators, holding licenses in multiple jurisdictions allows them to access a larger customer base and expand their business operations. This can result in increased revenues and a stronger competitive position in the market. For consumers, the multi-licensing approach can lead to a greater variety of online gambling options and better protections against fraud and other risks.
Marcin Sikora, the Secretary General of EGBA, commented on the report, stating that “the multi-licensing approach is becoming increasingly popular in Europe as more countries recognize the benefits it can bring to both operators and consumers. By allowing operators to hold licenses in multiple jurisdictions, countries can promote a more competitive and diverse online gambling market that benefits everyone involved.”
The report also highlights some of the challenges associated with the multi-licensing approach, such as the need for greater cooperation between different jurisdictions and the potential for increased regulatory complexity. However, the overall trend towards multi-licensing in Europe appears to be positive, with more and more countries embracing this approach in order to promote a more vibrant and competitive online gambling market.
Overall, the report from EGBA suggests that the multi-licensing approach for online gambling is gaining momentum in Europe and is likely to continue to grow in popularity in the coming years. This trend is seen as a positive development for both operators and consumers, as it can lead to a more competitive and diverse online gambling market that offers a wider range of options and better protections for consumers.
