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Online Casino Regulations Stalled

There has been a lot of talk in Europe about the opening of the Spanish online casino gambling market; in fact, several of the big internet gambling groups have even already begun to prep for entry into the market. But for all of the talk that Spain was in the process of devising new gambling regulations, it looks as though it could still be quite some time before the these regulations are solidified – and some are speculating that it just isn’t going to happen any time soon! The drafting of workable regulations has proven harder than expected and there is some pretty big confusion about the relationship that will exist between national regulations for foreign online casinos and regional licensing requirements.

Some pretty major companies have shown confidence that the online casino gambling industry is imminent in Spain: Bwin, William Hill, and others. But where is this confidence coming from? Surely not the news that the lottery operators are pessimistically moving forward with more drafting attempts? Insiders are not very confident about online casino gambling regulations anytime in the near future. In fact, it could be as long as three years out or more according to a Spanish company that manufactures games.

The European Commission has been really focusing on the Spanish market in negotiations and attempts to help the country draft regulations that will create a free and open online casino gambling market that abides by EU policies. This is easier said than done though because Spain still wants to hold control over the gambling market while also finding a way to allow limited and licensed access to the Spanish internet gambling, betting, and bingo market. Although some gambling companies are still optimistic, analysts feel that there is only a pie in the sky chance of new regulations passing.