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European Monopolies try to Justify

The problem with European monopolies does not seem to be lessening as the issue benefits from increased awareness. Monopolies are a problem within all areas of the internet gambling industry from the online casinos to betting. Right now, the European Commission is addressing complaints from countries within the European Economic Area because of monopolies in Sweden, Germany, France, and other countries. The pro-monopoly debate is becoming increasingly debunked as online casinos and betting industry analysts weigh in on the issue and counter the many popular arguments.

The latest group to put forth an opinion in the online casinos and internet betting monopolies is the Remote Gaming Association (RGA). The RGA has countered a new claim from gaming monopolies that asserts that running a government monopoly lessens the likelihood for corruption. Other popular arguments for the use of government monopolies asserts that the monopoly is in place as a way to protect the morals of the players and to address underage and problem gambling.

The counter to this though is the fact that the online casinos industry in the UK and the European Union is often regulated more closely and with stricter restrictions than many of the government run monopolies. Because of the potential for corruption and criminal activity within the online casinos industry, the EU, and many other remote gambling licensing organizations have put regulations that greatly reduce the ability for fraudulent activity to flourish in the industry.

The RGA CEO, Clive Hawkswood, contends that the sports corruption argument is largely just a bonus claim from the online casinos and betting monopolies that is a way for them to protect their own interests rather than asserting the truth of the situation, which is that private betting sites and companies are “regulated to the same standard as state monopolies, if not better,” comments Hawkswood.