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Online Casino Regulation

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Egypt is a country with a rich history, some of which has been discovered thanks to numerous archaeological works. Despite that, the pyramids still remain a mystery to mankind and no one can explain how they were built in times when manpower was the main resource that everyone relied on.

During the Anglo-Egyptian War, between 1882 and 1956, Egypt was occupied by British forces. The 1954 Anglo-Egyptian agreement put an end to this period. In the years between 1882 and 1914, the Khedivate of Egypt was still an autonomous territory of the Ottoman Empire but the British established a de facto protectorate over the country. When the Ottoman Empire became a part of the First World War in 1914, Britain constituted a protectorate over Egypt.

With more than 50 licensed operators that have a total of over 250 sites in Canada, the Kahnawake Gaming Commission is the biggest regulatory body for online poker rooms, online casinos,. The AGA’s Responsible Gaming Regulations & Statutes publication is a collection of the statutes and regulations addressing responsible gaming in the 28 states, plus the District of Columbia, that have commercial casinos or sports betting regulations as of August 31, 2019. It is intended as a reference for industry stakeholders, researchers. The executive has 20 years gaming experience and a Former Director at Red Tiger Gaming. Previously, the exec worked for Hong Kong-based Sun City running B2C sites with sports, slots, and casino from the Isle of Man. Sun City also had 6 live dealer tables including Evolution Gaming and competing offerings. These new rules of the new regulation will allow residents of Germany to play many great online casino games at licensed online casinos. Nonetheless, there will be some restrictions as well such. The Future of Online Gambling Regulation. It’s very difficult to predict how the regulation of online gambling will develop in the future. A perfect solution would be for a new organization to be formed that would be responsible for governing the industry on a global basis. This would remove a great deal of the.

In 1922, Egypt managed to gain its independence back and had its own laws and regulations. Nowadays, it is one of the most well-developed countries in Africa and the tourism sector plays a major role in that. Being a Muslim country, it is clear that it does not consider gambling a legal activity. Despite that, the gambling laws and regulations in Egypt are more complicated and whether you are an Egyptian resident or a tourist is extremely important when we talk about the legality of gambling.

There have been some discoveries about gambling being popular in Ancient Egypt and it clearly has a long history that cannot be ignored. What is more, being one of the top tourist destinations in the world, the country strives to ensure a great experience to all of its visitors. This is why there are several legal land-based casinos in Egypt that will, however, welcome only tourists who can prove they are not Egyptian residents.

Land-Based Gambling Regulations in Egypt

As mentioned earlier, Egypt is a country with a predominantly Muslim population. Despite that, land-based casinos are not illegal in Egypt. There is one important clarification, however, and that is that any form of gambling is still forbidden for residents of Egypt.

This means that only tourists who provide their passports and prove that they do not reside in Egypt will be legally allowed to bet at the brick-and-mortar casinos based in the African country. The legal age for tourists to be eligible to enter a casino in Egypt is 18 years. This being said, several land-based casinos have settled on the minimum gambling age being 21.

Land-Based Casinos

Gambling According to the Sharia

Since Egypt is a Muslim country, it follows the Sharia law that determines any act of gambling as illegal. It is important, however, to know what exactly is considered gambling and which activities are not regarded as gambling by Islam.

In the Quran, the act of gambling is described as evil and “Satan’s handwork” and it is often condemned together with the use of alcohol. Reading this, you might think that Muslims are not allowed to practise any form of gambling. However, as there have never been any specifics on gambling according to the Quran, scholars regarded only some forms of gambling as a sin and deemed them illegal.

Thanks to some religious rulings, those who place money on races are not considered sinners according to Islam. While every type of gambling is regarded as haram, horse racing, camel racing and archery do not fall under the category of gambling according to the Sharia law.

Most Islamic scholars share the same idea about gambling, describing it as a game where one of the participants ends up gaining a profit, while the other one suffers a loss. This is why it is important to make a difference between the gambling that occurs when two bettors place money on the event of something happening or not happening. Whenever there is an agreement that the loser of the bet owes money to the winner, this is considered gambling and it is forbidden by the religion of Islam.

There is, however, a different type of understanding when it comes to sports betting that is carried out thanks to a sportsbook. In such cases, the winning prize is guaranteed by an organizer that offers punters the chance to participate in a contest that can grant some benefits.

According to scholars, however, it is illegal for the prize to be collected by all contestants as the winner will earn back his/her bet and will also gain the wagers made by the other participants. This is due to the fact that such activity would fall under the definition of gambling in Islam. It is legal to collect money from bettors as fees since these funds do not affect the money prize.

Land-Based Casinos

Even though tourists are allowed to gamble at the brick-and-mortar casinos located in Egypt. This is definitely not the case for locals. According to Article 352 of the Penal Code of Egypt (p.124), “whoever provides a location for gambling games and prepares it for entry by people shall, together with the tellers and exchangers oldie said location, be punished with detention and a fine not exceeding one thousand pounds. All moneys and effects in the locations where the said games are played shall be seized and a ruling shall be pronounced for their confiscation.”

Article 353 of the Penal Code (p.124) also states that the aforementioned penalties “ shall also be inflicted on whoever puts an object for sale in the lottery tickets game, and all moneys and effects found in the lottery games shall also be seized and confiscated by the government.”

Currently, there are little over 20 land-based casinos in Egypt that welcome tourists who are of legal age for gambling and can provide a passport proving they are not Egyptian residents. While brick-and-mortar casinos have been legalized in the country, they have to pay for gambling licenses and the government has imposed a 50% tax on the income of every casino.

All of the land-based casinos in the country accept American dollars. There are also several casinos that may allow players to use euros but none of the casinos will accept Egyptian pounds.

It is the Ministry of Tourism that has taken upon the task of regulating gambling in Egypt. This is the authority that supervises the operations of land-based casinos in the country, which have to abide by the Law No 1/1973, which regulates hotels and resorts in Egypt. According to this law, only 4 and 5-star hotels that are mainly welcoming tourists are eligible to apply for casino licenses. The cities where you can find land-based casinos include Alexandria, Cairo, Sharm El-Sheikh, and Taba.

Sports Betting and Lottery

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When it comes to sports betting, things are different as it is fully legal in Egypt and football is the most popular sport that punters enjoy to bet on. In 2005, there was an agreement between the Egyptian National Post Organization and the Greek company Intralot that led to the provision of sports betting services across the entire country of Egypt. Unlike casino facilities, sportsbooks can legally offer sports betting to both locals and tourists.

Since sports betting has become properly regulated in Egypt, thousands of bookmakers have appeared all over the country. They allow Egyptian punters to place bets on numerous popular sporting events and legally enjoy this form of gambling.

The lottery is also legal, with the first introduction dating back in 1976. After the launch of the Lottery Coalition, several hundred retailers offered lottery tickets to Egyptian residents. The number of lottery operators, however, has dropped in the recent few years.

Online Gambling Regulation

When it comes to online gambling, things get very vague as this is a market that is not regulated in Egypt. While, in theory, online gambling is illegal in the country, as there is a lack of any regulations, it cannot be said for certain that it is not legal for Egyptians to bet on slots or table games online.

Even though you will not come across a virtual casino licensed in Egypt, players who reside in the African country can actually register at quite many offshore casinos. Since there is no law that prohibits Egyptians from registering and placing bets at international gaming sites, there are many offshore casino operators that accept players from Egypt and allow them to bet real money on different games.

Considering the fact that Egyptian residents are not allowed to gamble in any of the land-based casinos in their country, it is no surprise that many decide to bet at offshore gaming websites. Many of the interactive casinos that accept players from Egypt will also enable them to choose from different payment solutions for their deposits and withdrawals. Since the definition of online gambling is simply not regarded in Egyptian laws, there are no specific restrictions on payment solutions that can be used by Egyptian players.

In addition to casino games, online sports betting is also popular among Egyptian punters. Of course, this is also carried out at offshore virtual sportsbooks that accept bettors who reside in Egypt. You can even find gaming and betting websites that will allow their patrons to settle their payments in EGP. This being said, not all virtual casinos and sportsbooks support the Egyptian currency so players will often have to opt for options like USD, EUR, or GBP.

Licensing and Gambling Taxation

Although land-based casinos are legal in Egypt and there are over 20 casino facilities operating in the country, the government has imposed quite the harsh taxation for casino operators. Turns out that despite the harsh criticism on gambling, about 60% to 70% of the casinos’ profits go to the government of Egypt.

The casino operators in the country are obligated to pay a 50% tax on their gross gaming revenue. In addition to that, According to Article 7 of the 2005 Egyptian Income Tax Law Number 91, casinos should also pay a 20% income tax. Casino operators in Egypt are also obligated to pay import duties as well as a 42% corporate tax on their year-end profits.

The gross gaming revenue of Egyptian casinos represents the amount that is left as a result of the total bets that were placed and after the casino has paid out winnings to players. The gross gaming revenue is calculated before any operating costs are deducted from the casino’s profit. The 50% tax is evenly distributed to the Ministry of Tourism and the Ministry of Finance.

As mentioned earlier, only 4 and 5-star hotels in Egypt that are located in territories with a strong tourists presence can apply for a casino license. It is the Ministry of Tourism that grants Egyptian land-based casinos the permission to operate. The conditions under which the casino will operate must be included in the license. Casino operators can obtain a license that can last for 5 or 10 years.

Future of the Gambling Market in Egypt

As of now, although gambling is still illegal in Egypt, as well as in Islam countries in general, many Egyptians still have the chance to gamble online. Since no law mentions or regulates online gambling, there are still no cases of Egyptians being prosecuted for playing at offshore virtual casinos.

Many foreign gaming sites welcome players from Egypt, offer them a menagerie of games, and even accept payments in EGP. If online gambling continues to remain an unregulated market, there are no signs of Egyptians stop playing at offshore casinos anytime soon. As there are also no consequences for foreign casino operators, as of now, many virtual casinos still continue to accept players from Egypt.

Online sports betting is also popular among Egyptians who also resort to offshore sportsbooks to bet on popular sporting events. Punters who reside in Egypt will be able to pick from different online bookmakers who offer competitive odds on numerous sports.

Even though gambling is illegal in the Muslim country, sports betting through a licensed bookmaker does not fall under the category of illegal wagering. This is why there are quite a few land-based sportsbooks in Egypt and with the major deal between the Egyptian National Post Organization and Intralot, this market continues to grow in popularity in the country. Sportsbooks based in Egypt are open for both locals and tourists, which is definitely not the case with brick-and-mortar casinos.

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While land-based casinos have been legalized in Egypt, in order to abide by the Sharia law, the government has made it impossible for locals to enter these facilities or engage in gambling activities. The legal casinos in the country are available only to tourists who can provide passports, proving they are not residents of Egypt.

There are no future plans for legalizing land-based casinos for locals but the law is definitely missing some points. Many Egyptians own a second passport, allowing them to enter local casinos. Meanwhile, Muslim tourists from other countries can also gamble at those facilities as their passports do not specify their religion and they cannot be stopped from engaging in gambling activities in Egyptian casinos.

Considering the fact that land-based casinos are obligated to pay 50% in taxes, the Egyptian government accumulates a large portion of its revenue thanks to the casino industry in the country. Many believe that this is a good reason to change the laws in the country and allow a properly regulated and more lax gambling industry. As of now, however, there are no indications of amending the law and allowing Egyptians to legally gamble offline or online.

View more...Online casino regulation uk

On 1st January 2019, a new Swedish Gambling ACT -2018:1138- was enforced affecting all the gambling operators including online casinos. Only those operators that meet the criteria set out by the Swedish Gambling Operators can apply and be granted licenses.

The license permits them to offer online gambling to Swedish punters. Every operator is now expected to update their establishment to fall in line with the new laws. About 70% of the Swedish population gambles each year explaining the need for regulations change in the country.

The new law opened up the Swedish gambling industry to international online casinos. Previously only two monopolies operated in the country (ATG and Svenska Spel). Many other online casinos had to operate with international licenses from jurisdictions such as Malta (MGA). With the new regulations coming into effect, more than 60 companies have obtained licenses from the SGA. A major portion of these issued licenses are for online operations increasing the number of online casinos exponentially.

Facts and Figures of Swedish Gambling Industry

Accepting more outside companies and issuing them with licenses has changed the Swedish gambling industry. There are more legally operating online casinos and many more punters as a result.

  1. The total gambling industry stake SEK 48066 million
  2. Current Gross Gaming Revenue in Sweden SEK 17221 million
  3. Total Gross Gaming Revenue per Inhabitant SEK 1704
  4. The turnover total for each inhabitant SEK 4757
  5. Each inhabitant over 18 years turnover SEK 6005
  6. Gross gaming revenue for each inhabitant over 18 years SEK 2151
  7. Turnover percentage of disposable income 2.18%
  8. Gross gaming revenue percentage of disposable income 0.78%

Gambling Act (2018:1138) Overview

The new act affects all forms of gambling in Sweden that have money prizes or those with monetary value. All online casinos that direct their platforms to the Swedish market fall into this category. Those that don’t are excluded. Not only does the new act affect Sweden as a country, but any Swedish vessel or aircraft anywhere in the world.

There are set requirements every operator intending to target the Swedish market needs to adhere to. Every online casino needs to conduct its operation in a sound manner from a public perspective. Each punter needs to feel safe and secure once they log in and start gambling. Consumer protection is mandatory and must be assured by all companies in Sweden. Gambling aspects that are negative need to be curbed and no criminal activity is permitted.

There are some aspects of gambling not permitted to licensed operators. They are the reserve of the Swedish government in regard to the interests of the public. Still, every company needs an official license to run their operation in the country. Agents under these gambling companies don’t need additional licensing if their services are under a licensed holder.

Licensing

Only experienced and knowledgeable operators of online casinos and other gambling establishments shall get licensed. They need to prove extensive experience and necessary organization to provide the best platforms for Swedish punters. The SGA shall conduct a thorough assessment of each to determine their capabilities to meet set standards and regulations. Not all are granted licenses especially if they are under 18 years, bankrupt, have failed significantly in business before or have a criminal record.

Each operation that is located in another country outside of the EEA (European Economic Area) needs a physical representative in Sweden. The representative needs to be above the age of 18 and not gone through bankruptcy. It’s the obligation of the representative to represent the company in all matters concerning their licensing in the country.

The SGA is mandated to handle all matters concerning licensing of any and every online casino in Sweden. They are obligated to define what the license covers and to which extent. Each license is provided for a specified period as determined by the SGA which is mainly 5 years. Some licenses can have attached conditions on the conduct expected from each holder.

Online casinos get a license that permits online gambling for commercial purposes. It covers the provision of online bingo, casino games, and gambling machines that are computer-simulated. The number of licensed gambling companies in Sweden as of 2nd April 2019 was 69.

Player Registration

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Only those who want to participate in gambling can be registered by license holders on their platforms. Players need to provide a permanent address or have a residency in Sweden. The residency must be long-term to be permitted onto online gambling sites. Each punter has to fill out certain important information like their name, national registration number, and permanent address among others.

Each internet casino licensed to operate in Sweden ha to verify the identity of each player that registers online. Electronic verification is accepted. Only those players whose identity has been verified are permitted to commence playing on the website on an online casino. Still, identity can be proven when the player requests their first payout.

Every player that registers on an online casino must get an individual account opened by the company. Their identification needs to be verified once they log in to access the registered account. The license holder needs to register all financial transactions the player takes part in on the platform. The player must be able to access their account details at all times without any limitation.

For the next 12 months after registering an account, each player should be able to access their accounts history. This includes all the transactions made for deposit and withdrawal in a span of a year. Their gambling history must be availed as well. Players can be granted a temporary account to gamble whilst their identity is being proven by the online casino. Every player on the self-exclusion registry shall not get a temporary account opened for them.

Online Casino Regulation Germany

In case a player provides false or incorrect information while registering, their temporary account is closed immediately. The same goes if the player fails to provide additional information requested by the online casino. Their account is closed after the period given elapses without any communication from the player. Proving each player’s identity must be a top priority for each licensed online casino in Sweden. No player with a temporary account can access withdrawn winnings.

Online casinos can only operate with payment services permitted in Sweden. This is in accordance with the Payment Services Act (2010:751). It’s the only way they can receive deposits from registered punters. There is no transfer of money or tokens among players permitted on any of these licensed casinos. All online casinos should keep player funds and their operating money separate at all times.

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It’s the mandate of each license holder to inform players, once they deposit money, how their funds are protected. Online casinos must pay players who close accounts as soon as possible. No amount in the account is deducted. If the online casino closes a player’s account, they should inform them in writing of the reasons. No player is charged to close an account.

Casino Rules And Regulations

Conclusion

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The newly enacted law that was enforced starting 1st January 2019 opened up the Swedish gambling industry. Previously it operated as a monopoly with many online casinos running illegally. Now with the new regulations, they have a chance to go legit. There are set requirements that each applicant must meet to get an official license. Once they become a licensed online casino, they must adhere to all set rules and regulations. It’s the mandate of the SGA to assess all applicants and grant licenses to those that pass.