EGBA Takes OverEurope has come a long way in regulating online casinos. In fact between the United Kingdom and the European Union, Europe has become one of the most strictly regulated online gambling industries in the world. Initially, the European Commission, the executive branch of the European Union, over saw the regulation of online casinos among member states; however since March of 2007 that job has been assigned to the European Gambling and Betting Association. In some ways the European Gambling and Betting Association have actually made it harder for member countries of the European Union to regulate online casinos. That may very well before the best. The whole point of the European Gambling and Betting Association is to create a standard for regulating online casinos and the Internet gambling industry in the United States. In order to do that, the association has to stop a few countries dead in their tracks if the idea of a fair and balanced regulations does not happen to match up with the ideals of the regulatory body. There have been several cases in Europe where countries have attempted to pass regulations on online casinos that have been less than fair to the entire industry. When Denmark first attempted to regulate online casinos, the legislation was so biased that it did not create a lot of room for online casinos outside of Denmark to compete fairly with the Danish gambling monopoly Dansk Spil. After intervention from the European gambling regulatory body, Denmark has revised their laws and will soon become a highly competitive online gambling market for operators all over the world. |