Austria's finance ministry expects 20 providers to apply for online gambling licences under the planned reform of the Glücksspielgesetz, it told MeinBezirk. Applicants must be stock corporations with a supervisory board, compliance systems and at least €10m in share capital. Industry representatives doubt the reform will channel players away from EU-licensed sites.
Austria's finance ministry expects 20 providers to apply for online gambling licences under the planned reform of the Glücksspielgesetz, it told MeinBezirk in response to a query. The ministry said applicants must be a capital company with a supervisory board, working compliance systems for money laundering and player protection, and share capital of at least €10m.