Online Casino Transfer: News - US Could Learn from Europe

08/15/2010		Online Casino Style: News US Could Learn from Europe - 2
Home History Games News Dictionary		continued from US Could Learn from Europe - 1 While Europe favors regulation of the online gambling market, the continued thorn of the UIGEA in the US market’s side has resulted in nothing more than tough budgeting on a state and national level, with no discouragement at all keeping players from just accessing unregulated online casino sites. “What’s happened is a realization that you cant un-invent the Internet,” said David Trunkfield, a consultant at professional business services firm PricewaterhouseCoopers. “People are gaming online. You either try to regulate and tax it, or people are going to go to the offshore operators, where you don’t get any revenue.” Examples of failed monopolies are outlined in the NY Times article as well, highlighting in particular the recent changes in nations such as Italy, France, Denmark and even Greece. Online gambling players will remember that not more than four years ago, France went after one of the leaders in the worldwide internet casino market, Bwin, going so far as to jail top executives for their acceptance of French players. Last month, the nation admitted their folly with the liberalization of the market, opening up operation licenses to offshore companies – including Bwin. Greece and Denmark are following suit as well, as the summer turns to fall, introducing new bills that will regulate and open up online gambling in a more realistic fashion. The whole of the European community, if not already liberal, is on board with the trend of reconsidering the laws, if for no other reason than to financially benefit the government. Spain, Germany and Switzerland are all taking the possibility into consideration, states the article, following five years later in the deep footsteps of Great Britain, which legalized online casinos in 2005. Now, it’s time for America to get on board. States such as Florida, California, and New Jersey are trying to launch intrastate poker programs to take advantage of loopholes in the UIGEA, while Frank moves his bill every forward in Congress. Canada’s state-run lotteries have become the first in North America to introduce online platforms, as the world waits with bated breath to see if the UIGEA will, in fact, go down, crossing their fingers and hoping for Lady Luck to smile down on the industry as a whole.

08/15/2010

Online Casino Style: News
US Could Learn from Europe - 2

continued from US Could Learn from Europe - 1

While Europe favors regulation of the online gambling market, the continued thorn of the UIGEA in the US market’s side has resulted in nothing more than tough budgeting on a state and national level, with no discouragement at all keeping players from just accessing unregulated online casino sites. “What’s happened is a realization that you cant un-invent the Internet,” said David Trunkfield, a consultant at professional business services firm PricewaterhouseCoopers. “People are gaming online. You either try to regulate and tax it, or people are going to go to the offshore operators, where you don’t get any revenue.”

Examples of failed monopolies are outlined in the NY Times article as well, highlighting in particular the recent changes in nations such as Italy, France, Denmark and even Greece. Online gambling players will remember that not more than four years ago, France went after one of the leaders in the worldwide internet casino market, Bwin, going so far as to jail top executives for their acceptance of French players. Last month, the nation admitted their folly with the liberalization of the market, opening up operation licenses to offshore companies – including Bwin.

Greece and Denmark are following suit as well, as the summer turns to fall, introducing new bills that will regulate and open up online gambling in a more realistic fashion. The whole of the European community, if not already liberal, is on board with the trend of reconsidering the laws, if for no other reason than to financially benefit the government. Spain, Germany and Switzerland are all taking the possibility into consideration, states the article, following five years later in the deep footsteps of Great Britain, which legalized online casinos in 2005.

Now, it’s time for America to get on board. States such as Florida, California, and New Jersey are trying to launch intrastate poker programs to take advantage of loopholes in the UIGEA, while Frank moves his bill every forward in Congress. Canada’s state-run lotteries have become the first in North America to introduce online platforms, as the world waits with bated breath to see if the UIGEA will, in fact, go down, crossing their fingers and hoping for Lady Luck to smile down on the industry as a whole.