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European Online Casinos

It 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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