In Europe, online gambling is legalized in many countries. Local gambling club operators are not subject to foreign regulators but to local firms.
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Why Are Casino Regulations So Tough?
Every year, regulatory authorities introduce new restrictions, which are gradually spreading across the European continent. The task of the regulatory organization is to ensure that casino customers have a fair gambling experience, get the necessary tax returns from the operators, and prevent gambling addiction from becoming a national problem. This leads to the fact that the owners of online casinos every year have to rebuild the system of rules, and because of this, they lose some of their customers.
By the way, this partly explains the influx of Europeans into Asian gambling clubs. In these online casinos, you can also play for euros and dollars, but the administration does not put strict restrictions on customers.
How Are Gambling Clubs Regulated in Europe?
Clients of gambling clubs face the following restrictions:
- Users cannot bet too high in slots. The maximum limit is capped at €2. On the one hand, this does not give a big return on winnings. On the other hand, both regular players and high rollers fall into equal situations.
- Machines like one-armed bandits are limited by their maximum winnings. Europeans can not withdraw from these slot machines more than 5000 euros per session. In casinos aimed at foreign gamblers, it is possible to withdraw several times more.
- The waiting time between spins cannot be less than 3 seconds. This rule is aimed at preventing visitors from playing in automatic mode and thus spinning a monthly salary in a couple of minutes.
Advertising gambling outside the Internet club is punishable by revocation of the license and further proceedings with administrative penalties. Another innovation is the availability of so-called responsible gambling tools. Operators are obliged to create information sections where visitors are open to advice on playing for money, methods of preventing gambling addiction.
The only place to advertise their services for virtual casinos remains on social networks. But even here, it is not without restrictions. Advertising banners with no-deposit bonuses and slogans can be targeted only to users whose age exceeds 25 years.
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What Restrictions Apply to the Withdrawal of Winning Funds?
The casino operator cannot pay out winnings without rules. Again, the administration is subject to the requirements of the regulator. In addition, the administration needs to make sure that the coffers of the online club are not empty. Otherwise, delays will affect not only those who win jackpots but even newbies withdrawing 5–10 euros.
Limits are mainly due to restrictions on the number of applications. In a certified gambling club, a user cannot withdraw more than three or four transactions per day. Moreover, the limit is set at the bar of 100000–300000 euros. Each gambling club itself determines the maximum available range.
For those who want to withdraw more, a system of commissions is introduced. For each subsequent application, 10–15% will be withdrawn from the gambler’s account. In this case, it is possible to get the funds in almost 24 hours, but for this, you have to overpay.
A standard commission of 10% is introduced for all customers. It will have to be paid if the deposit is not increased twice. This rule is introduced by regulators in order to fight against attempts to launder money through the cashier’s office of gambling clubs.
