Cross-border gambling is the concept gaining popularity globally. It allows adrenaline lovers from different areas to enjoy this risky entertainment with minimum limitations and restrictions. The rapid digitalisation and development of online casinos simplify the process, making this entertainment more accessible for all users.
However, many governments imply particular legislation and restrictions in the gambling industry. It’s vital for potential players to explore regulations before they join online casinos abroad or register on in-country gaming sites.
The Canary Islands are a popular tourist destination, and gambling is an important part of their amazing entertainment sector. It boasts several majestic land-based gaming halls, providing visitors with luxury experiences.
Moreover, online casinos are also available in the country. So, let’s have a look at the main points to consider when dipping into the world of slots on the Canary Islands and compare local regulations to those of other famous gambling spots.
The Canary Islands are part of Spain, so the region mainly complies with the country’s laws. The industry hasn’t been regulated for long, but the Spanish Gambling Act 2011 changed the state’s gambling landscape.
According to the document, all types of risky entertainment, including casino games and sports betting, are allowed in the Canary Islands. Moreover, foreign operators don’t face restrictions when entering the market. The only requirement for online casinos is being licensed and providing members with fair and transparent conditions.
The Directorate General for the Regulation of Gambling (DGOJ) is the central authority regulating, supervising, and authorizing casinos’ activities in the country and on the Canary Islands. All gambling companies providing services for Spanish players must pay a 20% tax (the final sum depends on their net profits).
The Canary Islands also comply with these regulations. However, it’s important to remember that the region is an autonomous community within the country, and its laws may change.
Modern gambling regulations are pretty similar in many countries. The main aim of regulatory authorities implies guaranteeing a fair and transparent landscape for casinos and players. Moreover, addiction rates are still a challenge, so implementing responsible gambling initiatives and putting appropriate restrictions is essential. Let’s have a look at some countries’ legislation and their main points to consider.
Gambling has been legal in Malta since 2018: the country’s Gaming Act came into force that year. All entertainment options, including sports betting and land-based and online casinos, are allowed in the region. The country boasts a local regulator, Malta Gaming Authority, a popular license issuer globally. Therefore, all legal operators in the country must acquire certification from this body. This differentiates local laws from those of the Canary Islands, which accept foreign casinos.
However, Maltese gambling companies and operators have reduced taxes as compared to Spain. Everyone in the industry should pay 5% of their income to the state budget. Such conditions are lucrative for companies, which is why this licensing is common in many countries.
AAMS is Italy's primary casino regulatory authority, allowing all types of gambling activities. Moreover, the country’s residents can also join offshore platforms if they operate under licensing from a responsible body. Gambling companies within Italy must pay 4.5% taxes for their revenue on sports betting activities and a 20% tax for income from online casinos.
Therefore, the conditions are pretty similar to those in the Canary Islands. It’s worth noting that domestic gaming establishments in Italy prohibit cryptocurrency usage to provide a more transparent and controlled environment.
As mentioned, Canary Island is an autonomous community within the country; it complies with the state gambling legislation. The Directorate General for the Regulation of Gambling regulates the risky entertainment sector and provides requirements for online casinos entering the market.
The Canary Islands stick to the country’s laws and give the same conditions to their members. Spanish players can take advantage of local platforms and join foreign websites to have fun and win cash.
The gambling industry has become more regulated globally; governments understand the importance of controlling this sector and applying appropriate laws and restrictions. Therefore, many countries worldwide have already implemented corresponding legislation guiding casino operators and risk hunters. As a rule, requirements are similar in many states where gambling is well-developed. Licensing is the first point every market player must stick to. Only certified and regulated online and land-based casinos are allowed.
However, gambling regulations still vary in different countries, and players should be attentive to every little detail. For instance, cryptocurrencies are banned in online casinos in some jurisdictions due to the inability to track users’ transactions. Numerous platforms operate without licensing, and it’s recommended to avoid such casinos. Players can experience financial fraud, theft of their personal details, and unfair games.
No one would like to gamble in such conditions, right? Therefore, selecting online gaming platforms with appropriate licensing and implementation of security measures is critical. Moreover, players must stick to responsible gambling principles, implying bankroll management and limiting the time spent in online casinos.
The Canary Islands are a real paradise for risk hunters, who can enjoy a fantastic holiday and an unforgettable experience. Local laws allow all types of gambling activities and provide the chance to engage in foreign online casinos.
All operators within the country must pay a 20% tax, which is pretty typical for this industry. Players can enjoy a massive choice of land-based and online establishments and have fun with their favourite slots and games in a regulated and secure environment.
