With its headquarters in Brussels, the European Gaming and Betting Group (EGBA) is the trade group that represents the most prominent online gambling firms that have been created, licensed, and regulated inside the European Union. A well-regulated and well-channeled online gambling industry that offers a high degree of consumer protection and takes into account the reality of the internet and online consumer demand is the goal of the European Gambling Board (EGBA), which collaborates with national and EU authorities as well as other stakeholders to achieve this goal. In 2021, the firms that were members of the European Gambling Board (EGBA) had 225 licenses to operate online gambling businesses, which allowed them to serve 29.8 million users in 21 different European nations.
EGBA has been registered with the EU Transparency Register since 2009, and the relevant registration number is 29508582413-52.
The EGBA: A Brief History of Representing Online Gambling in Europe
The European Gambling Association (EGBA) was established in February of 2007, and at that time, it was known by its previous name. Beginning in April of 2013, Maarten Haijer has been serving as the Secretary-General of the Organization.
EGBA Membership and Industry Collaboration
The European gaming organization (EGBA) is an organization that is driven by its members and works closely with its members on a daily basis to secure regulatory and market development results that support a well-regulated and competitive European online gaming industry. These outcomes are achieved at both the EU and national levels. Membership is available to online gambling enterprises that are based in the European Union or the European Economic Area and that are able to adhere to the ideals of the Organization.
At the moment, EGBA is comprised of six member companies:
Bet365 Betsson, Flutter Entertainment, Kindred Group, and William Hill are all included in this.
Beyond Regulation: EGBA’s Self-Imposed Standards for Online Gambling
The establishment of a sustainable online gambling industry in which clients are able to engage in online gambling within an atmosphere that is both secure and well-regulated is one of the primary goals of the European Gambling Board (EGBA). For this reason, members of the European Group for Business and Industry (EGBA) have produced and adhered to a comprehensive set of European industry standards. These standards are intended to supplement the many and strict consumer protection rules that they currently comply with within the European nations in which they do business.
Digital Boom or Traditional Dominance? A Look at Europe’s Gambling Landscape
The income generated by the gambling industry in Europe reached €108,5 billion in 2022, representing an increase of 8% in comparison to the levels that existed before the epidemic in 2019 and a rise of 23% in comparison to 2021. This surge was mostly driven by the reopening of land-based gambling venues after the pandemic. The gross gaming income from land-based gambling venues increased by 34% to reach €70,3 billion in 2022, accounting for 65% of the total revenue generated from gambling. In the meanwhile, the money generated by online gambling climbed by 8%, reaching €38,2 billion in gross gaming revenue. This makes up 35% of the overall gambling revenue in Europe.
Promoting Safer Gambling: How EGBA Collaborates with Members and Stakeholders
Conclusion
The European Gaming and Betting Association (EGBA) stands at the forefront of advancing regulation within the EU’s online gambling market, emphasizing consumer protection and industry integrity. Through collaborative efforts with its member companies and stakeholders, EGBA not only promotes responsible gambling practices but also contributes to shaping a well-regulated and competitive landscape for online gambling across Europe. By adhering to rigorous standards and fostering innovation, EGBA continues to play a pivotal role in ensuring a safe, secure, and sustainable environment for both operators and consumers in the digital era of gaming.