Europe Warming Up to the Online Casino Industry
Italy seems to have quite an ambivalent approach towards the online casino
industry as there are claims that the country is recently considering
legalizing online casinos. This makes for a surprising turn of event as
Italy is known to have put more than a few obstacles in order to prevent the
industry from thriving in its premises. In February, Italy tried to ban all
IP online casino addresses adding up to hundreds of websites. However just
shortly after that, it was said to attempt a form of legalization in
offering monopoly to an online poker room in order to enjoy some of the
profits.
This former move may be followed by the Dutch government as well, looking at
directing gamblers to one main casino in order to gain some control over the
thriving online casino industry while enjoying some profit. But it seems
that now, Italy is embarking on a more organized direction to follow UK
footsteps towards regulation of the online casino. That will be done in such
a way that the Italian government will be able to make a nice three percent
tax on any gambling revenues collected from companies doing business with
Italian citizens. The year of 2007 will mark the move allowing Italian
citizens to enjoy legalized online casino gambling. Bingo parlours and
Public sports will also be included in this new legislation.
As the online casino legality issues from the US front continue to bomber
the media, it looks like Europe offers a far more promising soil in which
the online casino can thrive in. With the UK open approach, the Netherlands
attempt at trailing a single monopolized casino and the more drastic move
from Italy, it is very likely that more European countries may follow. There
is certainly much to hope for and many new avenues in which to turn to as
more and more countries realize the financial benefits to be made from
taxing and regulating this already popular online casino industry.
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