Gambling in Luxembourg, market briefing at European Gaming Congress 2019 Milan with Marko Jankovic
Head of BD in G Core Labs (Part of War Gaming group) to present the Luxembourg market update at European Gaming Congress 2019 Milan.
Did you know that Luxembourg’s gambling industry is the third most profitable in the EU? The gambling industry in the UK, by the way, is the fourth most profitable. Yet, there are not that many gaming industry-related news coming out of Luxembourg.
Gambling is legal in Luxembourg but only under very specific circumstances. One casino and the national lottery compose the extent of legal gambling and they operate under a law that dates back to 1977, this being appropriately named “The 1977 Law,” that effectively banned gambling across the board with few exceptions.
The government, which was formed not that long ago, is planning on legalizing some new casinos. Even though the amendments in this regard have been under review ever since 2012, the process has apparently been sluggish.
It’s not all bad news for gamblers in Luxembourg though. The government does not attempt to prevent citizens from gambling online at foreign websites and there are no laws against doing so. Luxembourg doesn’t enforce web censorship and it does not restrict banking institutions from processing payments for known gambling sites. From the player’s point of view, there are dozens of potential Luxembourg betting sites that are safe and legitimate.
At the European Gaming Congress (EGC) which takes place on the 8th of November at Radisson Blu Hotel Milan, you can hear more information about the gambling industry and potential operation opportunities in the Grand Duchy of Luxembourg from Marko Jankovic, Head Of Business Development at G-Core Labs S.A.