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iGaming Licenses Exposed: What Kahnawake, Anjouan, Tobique, and Curaçao Are Really Offering
The European online gambling market is set for significant growth, with projections indicating an increase from $52.30 billion in 2024 to $88.16 billion by 2029, reflecting an annual growth rate of 11.01%. Curaçao has long been a key player in this market and has recently undergone regulatory changes. Meanwhile, alternative jurisdictions such as Kahnawake, Anjouan and Tobique are increasingly drawing the attention of operators.
Regulatory changes in Curaçao
Many operators have traditionally opted for a Curaçao licence due to its accessibility and straightforward process, especially during the initial stages of operation. However, with the recent overhaul of the Curaçao licensing system, this ease of access has diminished. Operators now face a more rigorous licensing and monitoring process by the Curaçao Gambling Control Board, which is increasingly prioritising safe and responsible gambling practices.
Legal challenges for Curaçao-licensed operators in Europe
Recently, several operators licensed in Curaçao faced lawsuits in European countries, with some being ordered to refund losses to players. For instance, Dama N.V. was ordered in Austria and the UAE to repay €816,852. Another Curaçao licence holder was similarly ordered to refund players’ losses in Germany and Austria.
Both companies warned that these rulings posed a threat, as they created a “risk-free gambling” environment for players, allowing them to place bets with the option to sue for refunds if they lose. In a few European countries, such as Austria, where the gambling market is heavily regulated and monopolised, any bets placed on offshore platforms are deemed illegal and void for both operators and players. Recently, Austria required a player to return their winnings to the operator after placing bets on an offshore platform, to discourage opportunistic lawsuits.
Curaçao court’s response
In the cases of Dama N.V. and other operators., the Curaçao court chose to uphold the judgments of the European courts. The Curaçao court declared that, since the licensed operators were not paying their debts to the players, they were in a state of ceased payment and declared them bankrupt. However, Dama N.V. later succeeded in overturning this judgement by proving to the Curaçao court that it was “financially healthy.”
Meanwhile, Malta has taken a different approach with the promulgation of Bill No. 55, which protects its licensees from foreign court interference. If a European player sues a Maltese-licensed operator, Maltese courts will uphold the operator’s licence, provided it complies with Maltese law, effectively blocking foreign judgments.
Given the growing number of claims, the European Court of Justice is now set to determine whether German and other European bettors can legally claim refunds for their losses from offshore operators.
Alternative licences in Kahnawake, Anjouan, and Tobique
Kahnawake, Anjouan, and Tobique have emerged as appealing alternatives to more well-known jurisdictions.
Kahnawake: Located in Canada, Kahnawake is one of the oldest jurisdictions and has been issuing gambling licences since 1996. It is known for its stringent regulatory framework and legal resistance to opportunistic litigation. Operators licensed in Kahnawake can expect a stable and predictable legal environment, which helps minimise costly legal issues.
Anjouan: Anjouan, part of the Union of the Comoros, offers favourable conditions for online gambling operators, including the absence of a requirement for a physical presence in the jurisdiction. This allows operators to avoid direct oversight by local courts, reducing the risk of unfavourable rulings. Anjouan’s flexible business conditions and reliable legal protections make it an attractive option for those looking to minimise legal risks.
Tobique: Also based in Canada, Tobique provides a unique licensing environment characterised by flexible management and a stable legal framework. Like Anjouan, Tobique does not require operators to have a physical presence, and offers strong protection against lawsuits. This makes Tobique an appealing choice for operators seeking a secure and stable licensing base.
What to look for when considering alternative jurisdictions
These alternative jurisdictions offer several key advantages for operators:
– Protection against opportunistic lawsuits: These three jurisdictions often provide strong safeguards against frivolous or opportunistic lawsuits, reducing the risk of costly legal battles.
– Flexible jurisdiction management: Many alternative licences do not require a physical presence in the licensing jurisdiction, allowing operators to avoid direct local court oversight.
– Stability and predictability: By choosing a jurisdiction with a stable and predictable legal environment, operators can better protect their businesses from legal uncertainties.
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7-Eleven selects Jackpot.com as their official lottery partner
Online Lottery Courier Service Jackpot.com Announces Exclusive Collaboration with 7-Eleven, Inc.
Jackpot.com will serve as the official lottery courier service of 7-Eleven, Inc., initially launching in Ohio and Massachusetts
Jackpot.com – the online lottery courier service that allows consumers to purchase official state lottery tickets on their phone, tablet, or computer – announced today an exclusive collaboration with 7-Eleven Inc., the largest convenience store chain in the world, to serve as their official lottery courier service.
As part of the collaboration, 7-Eleven customers in Ohio and Massachusetts will be able to sign up and play lottery games and scratchers on the Jackpot.com app or website. The program will initially be launched in over 600 7-Eleven and Speedway stores in Ohio and Massachusetts, with a special launch promotion that gives 7-Eleven customers a free lottery ticket on their first deposit by using promo code, “7Eleven”.
“We’re thrilled to work with 7-Eleven, the leading retailer of lottery tickets in the country,” said Akshay Khanna, CEO and co-founder of Jackpot.com. “Leveraging our technology and innovation, we can provide additional convenience for their customers, while adding an additional source of revenue. A true win-win relationship for all.”
By launching in Ohio and Massachusetts in 2023 and 2024, respectively, Jackpot.com aims at adding another avenue for player convenience with one of the most widely recognized brands in the convenience-retailing space. With a presence in Ohio, the nation’s seventh-largest lottery market, and Massachusetts, whose state lottery produced $1.2 billion in net profit for the Commonwealth during the 2024 fiscal year, Jackpot.com’s collaboration with 7-Eleven represents an added layer of accessibility for players.
Jackpot.com remains committed to responsible play and has significantly invested in protocols by allowing customers of legal age to set spend limits and limits on daily deposits, all while providing access to local and national responsible gambling resources, self-exclusion, self-suspension and automated notifications that offer help should problematic behavior be detected. Jackpot.com is also the only lottery courier service to launch with an iCap certification from the National Council on Problem Gambling.
To learn more, visit jackpot.com. First-time users can also download the official Jackpot.com Lottery App on the iOS or Android App Stores, where available.
The post 7-Eleven selects Jackpot.com as their official lottery partner appeared first on European Gaming Industry News.
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The World Esports Summit 2024 Is Here!
The IESF World Esports Summit returns this December to Busan, South Korea. Hosted at the Busan Esports Arena (BRENA) from December 5-6, the Summit will bring together prominent figures from Esports, global brands, government officials, and sports executives for a deep dive into the current Esports trends, its rapid transformations, and future challenges.
This year’s theme, “Building Bridges, Not Barriers, Through the Power of Esports,” will highlight the role of Esports in uniting cultures, ideas, and industries. Under the slogan “We Empower Success,” the
Summit provides a great platform for Esports experts to engage in meaningful discussions and sessions, sharing their insights on trends and presenting forward-looking ideas for our industry.
The event, strategically timed at the close of the competitive season, presents a perfect environment for reflection on the year’s biggest events, industry shifts, and the next steps for Esports. Attendees can follow the expert’s perspectives on topics like:
- (R)Evolution in Esports
- East Meets West
- Esports Integrity: The Role of Referees
- The Rise of International Esports Competitions
- (In Korean) Korea’s Secret Sauce etc.
Also, featured at this year’s event are the IESF World Esports Training Camp and the World Esports Referee Academy.
These are very important IESF programs that are aimed at advancing the skills and professional standards of the next generation of Esports leaders.
Join us in Busan for two days designed to inspire, connect, and empower the international Esports community.
Registration for the World Esports Summit is free and open to all interested attendees.
To register, please complete our online registration form: iesf.formstack.com/forms/wes2024_participation_registration
See you in Busan!
The post The World Esports Summit 2024 Is Here! appeared first on European Gaming Industry News.
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Akhil Sarin CMO at Easygo named as key note at ICE Esports Conference
Clarion Gaming has confirmed that Akhil Sarin CMO at Easygo, the technology powerhouse behind the success of global brands Stake and Kick will headline the Esports & Games Conference (EGC) taking place on 21 January as part of the ICE Barcelona experience. As a key member of the executive team, Akhil Sarin has been instrumental in securing the high-profile partnerships that have accelerated Stake’s growth, including the Stake F1 team, UFC, Drake, and Premier League Everton FC.
Through these strategic alliances he has amplified Stake’s brand presence at the same time as creating unique, immersive player experiences, in the process setting new industry benchmarks.
Announcing the high profile speaker Will Harding, Head of Esports at Clarion Gaming said: “Securing Akhil Sarin as EGC key note at ICE Barcelona represents a remarkable opportunity for our attendees to gain invaluable insight into cutting-edge strategies in digital and influencer marketing .
“Akhil’s expertise with Stake and Kick.com embodies the forward-thinking, innovative approach that defines the digital marketing landscapes. His participation underscores the calibre of knowledge-sharing that we are committed to delivering at ICE and he is sure to both inspire our attendees and elevate their strategic perspective.”
Looking ahead to ICE Barcelona, Akhil Sarin stated: “Collaborating with Clarion Gaming at ICE Barcelona is an exciting opportunity to showcase Stake’s journey and continued focus on bold partnerships and creative marketing strategies that resonate with audiences.”
He added “The EGC is a vital platform for exchanging transformative ideas and shaping the future of gaming and entertainment. I look forward to discussing Stake’s vision and collaborating with industry leaders to inspire growth and innovation across the sector.”
The post Akhil Sarin CMO at Easygo named as key note at ICE Esports Conference appeared first on European Gaming Industry News.
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