Fly Boy Net
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Online gambling in Europe
Sunday May 25th 2008, 9:59 am
Filed under: Lucky Bets, Lucky Gambling, Online Legal Resources

The growth and profitability of online casinos in Europe has recently been dealt an unlucky hand, when the US Department of justice decided to enforce a ban against foreign online gambling companies, which meant that only their US rivals will profit from the large number of online gamblers based in the United States.

In an effort to help the continue the expansion and growth of the online gambling companies and firms based in the Europe, the Remote Gambling Association has filed a complaint with the European commission over the supposed unfair US Ban on foreign online gambling sites.

After a fairly short amount of time, the United states has agreed to widen access or lessen restrictions on services to help settle the World Trade Organization dispute over the country’s ban on online gambling (Source: playsportal.net). The countries set to benefit from this change in policies are the European Union, Japan, and Canada. However, the European Union is still challenging the US actions of discriminating against foreign online operators while at the same time protecting its own online gambling companies.

If judging by past accomplishments, they may be able to succeed as evidenced by their past success against Germany’s decision to ban online gambling back in 2006, which resulted in a lot of online gambling companies suffering a dip in share prices and leaving some with no option but to consider a merger with each other just to stay afloat. It was presumed that Germany’s action was the precedent for the recent trend towards regulation and banning of foreign gambling firms.

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