Steering from Online Casino Monopolies
Gambling monopolies are a big headache for the gambling companies no matter
where they seem to go. The EU gambling market has some wicked problems right now
with the land and online casino gambling monopolies excluding foreign
competition despite EU policies. The Austrian market in particular is having
some issues right now and Bwin Interactive Entertainment AG is right there to
help the government sort out more appropriate legislation that steers well clear
of more monopolistic tendencies. The Austrian online casino gambling market has
only just begun to open to foreign competition and only because of pressure from
the European Commission and foreign online casinos.
The new legislation currently being drafted by the Austrian government would
really come as a needed relief to some of the European facing online casinos and
gambling companies looking for increased access to closed markets. The only
problem is, the Austrian Finance Minister, Wilhelm Molterer, is currently in the
process of drafting some new legislation that would favor state monopolies like
Casinos Austria and still give foreign online gambling sites unfair restrictions
and regulations.
Bwin’s legal team though is taking the initiative to draft some sample
alternatives to Molterer’s monopolistic and biased legislation. The Bwin
suggestions for the new legislation are more than just friendly help as the
Finance Minister drafts new Austrian policy, Bwin contends that the currently
drafted legislation is unconstitutional and unfairly targets foreign online
casino gambling companies in favor of state monopolies. Austria is in a
questionable situation right now as the country drafts new legislation – they
are under the scrutiny of the European Commission as well as the international
online gambling industry. |