European Online CasinosIt is interesting
and perhaps a touch hypocritical that the European Union
is going after the United States over the ban on online
casinos as a result of the Unlawful Internet Gambling
Enforcement Act. Although the European Union has a
reputation for having regulated online casinos and the
Internet gambling industry, that may not be an accurate
depiction of the entire Union.
There are 27 countries that make up the European
Union. Of that number online casinos are still banned
in seven countries. Although online casinos are
technically regulated in the other 20 countries the
markets are not completely liberalized. Only 13 of the
20 remain countries have liberalized their markets.
That means less than half of the countries in the
European Union allow online casinos to compete openly
and freely.
Many of the countries that have regulated Euro online
casinos have done so in a way that has created state run
monopolies. Meaning there is only one company, usually
owned by the government, that citizens are allowed to
frequent if they wish to gamble online. Perhaps the
European Commission needs to take a look at their own
problems before attempting to remedy the United States.
Actually, the European Commission has found that many
of the countries still attempting to block online
casinos have created laws that are modeled after the
Unlawful Internet Gambling Enforcement Act. This has
inspired the European Commission to introduce some
degree of universal regulations for online casinos in
Europe. There is no telling when that will happen, but
it is certainly a forward thinking idea.
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