European Follow-up : New World for Online Gambling

October 26th, 2012  :  Written by Patriot #2

Monte Carlo Casino at night

In a follow-up to Let Foreigners Eat Our Lunch, the International Herald Tribune has written an article about the landscape of online gambling in Europe, as the fallout from the US ban continues. In summary, the European Union is generally taking a different approach than the US.

Chaos breeds opportunity and we will seize that opportunity. The European Union is run in a way that favors our business,” states Mitch Garber, CEO of PartyGaming.

Monte Carlo Casino at night

Not all countries in the EU are going the way of regulation. Though the UK, Italy and Belgium are opting to regulate, France and Germany are attempting to protect both their private and state-owned lottery and casino revenues.

European countries like the U.K. that take a more enlightened approach of regulation, not prohibition, stand to gain.” – Paul Renney, Internet lawyer at Addleshaw Goddard in London

The primary impact of all this maneuvering for the American gambler is simple: “American gamblers may find themselves pushed into a market that’s in the hands of Europeans,” according to William Eadington, a professor at the Institute for the Study of Gambling and Commercial Gaming at the University of Nevada at Reno.

As the final word, Mitch Garber addresses the major issue at play in Europe, and which we believe also applies to American lottery corporations and private gaming operators such as Harrah’s and MGM Mirage: “The gaming and lottery monopolies are the last to fall, and they are falling and will fall. You’re going to see a lot more tolerance in Europe.

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