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More Threats from Holland

The Dutch online casino gambling industry is one of the handful of EU markets that continues to operate under a state controlled monopoly despite EU regulations and policies that suggest that state-run monopolies blog the implementation of free trade policies. Though the Dutch government continues to attempt regulations and legislation that blocks illegal domestic and foreign online casinos at the financial transaction level, this has only been minorly enforced. The Dutch Justice Minister has apparently taken a renewed interest in the online casino gambling industry this year and has announced an warning to not only the internet gambling sites, but also the banks that continue to process the transactions.

At this point there is no telling how far the Dutch government plans to take this entire situation. There are many in the EU who are closely monitoring the situation, prepared to step in and cause a stir if foreign listed online casinos and gambling sites are punished for their place in the Dutch market. The funny thing about the entire situation is the fact that the Dutch government passed the new anti-gambling legislation after the UIGEA was passed and highly criticized in the US market. Blocking online casinos at the banking level just doesn’t work in the long run and there is very little hope that the Dutch government will have much more success with the endeavor than the US government has had over the past 2 and half years.

But, at the same time, online casinos should heed the warning that the Dutch government is on the warpath again against the internet gambling industry and its activity within the Holland gambling market. The economy is tough right now and ousting some of the foreign and domestic competition could actually net the Dutch government extra cash when it comes to taxing state-sanctioned gambling sites for their online gaming revenue.