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Regulating Online Casinos Monopolies

There is certainly fierce competition in the European internet gambling industry and all of the smaller sectors of the industry including poker, bingo, skill gaming, and others forms of e-gaming. All of these industries are currently expanding as the European online casinos gambling market becomes more inclusive. The problem though comes when some of the European Union member-states refuse to comply with policies and instead operate state monopolies and specifically exclude some gambling operates from accessing online casinos markets.

France is the latest of the monopolies to seemingly cave into the pressure from the European Commission to end the current state-run monopoly. The French government has expressed a desire to come into compliance with the Commission in regards to the current regulations and legislation that prohibits foreign online casinos gambling and betting companies from accessing the French gambling market.

On the flip side though is the fact that Finland may now go the other way on the online casino gambling and betting issue. The Finnish government is now looking into regulating the country’s currently wholly unregulated gambling industry. The fact is, regulated internet gambling and poker is very lucrative for the state governments. There just comes a point where the governments have to weigh the obligations of EU free movement of trade and services policies with the desire to restrict a market and take huge portions of taxes and revenue for the government coffers.

That is the current dilemma that is weighing on internet gambling companies all over Europe. Online casino gambling monopolies are lucrative but clearly violate the principles of operating in the EU, where is the balance?