The Austrian government is finding ways to push unauthorized operators away. Online gambling refund in Austria is one of the measures. What else is in the Gambling Act Amendment 2018?
A new a draft to amend the Gambling Act, which affects online gambling laws in Austria, has been set into motion by Finance Minister Hartwig Loger. The Austrian government is calling for a new regulatory body called Competence Centre for Gambling to supervise and license its gambling industry.
At the moment, there are over 2000 international operators that accept Austrian players without a proper license. The amendment draft states that these operators will have to withdraw from the Austrian market or pay online gambling refund in Austria, dating back to the past 30 years.
“In the fight against illegal internet gambling, the Gambling Act Amendment 2018 marks another important step towards youth and player protection,” said the Finance Minister. As another layer of protection, the amendment draft also plans to block unauthorized gambling sites with the help of Telekom Control Commission.
What are the Consequences of Online Gambling Refund in Austria?
In theory, an Austrian player would be able to sue the unlicensed operators for a complete online gambling refund in Austria. Previous contracts between punters and providers would be null and void since they would have been classified as illegal. However, it is unclear whether the operators could reclaim the winnings paid to punters as well.
If the new measure successfully dissuades international gambling operators from doing business Austria, there would be consequences. As an example, 300 people employed by Bet-at-home Sportsbook in Austria would lose their jobs. 40% of tax paid to the Austrian government by Bet-at-home, despite not having a legal license, would also be lost. On the other hand, the new amendment draft would protect monopolistic online casinos in Austria, which are partly state-owned.