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In a Gambling Utopia: The EU

The European online casino gambling market is one of the most liberal and advanced in the world. The UK has a set of sophisticated and liberal regulations that give the internet gambling industry unprecedented access to citizens, provided that the gambling sites follow the rules and actively seek to practice responsible gambling on the corporate level. The UK market though is just one of the markets in Europe, many other nations also have liberal gaming laws and the online casinos and various sectors of the internet gambling industry are flourishing under the open trade rules of the European Union. But, despite the EU rules and the largely open and free EU market, there are some major challenges within this market.

The EU is currently fighting gambling monopolies in nearly a dozen EU member-states. Several nations simply refuse to open their legislation to foreign online casinos because of the competition that would bring in for state-run and state-benefiting gambling monopolies. The European Commission has been fighting these monopolies through negotiations and, recently, threats of further action in the European Court of Justice. This tactic has succeeded in opening several key and lucrative markets to foreign online casinos.

France, namely, has changed its tune just recently and is in the development process of new regulations that will permit online casinos to operate in the French market. The regulations have been in development for some time now and there is currently a lot of buzz that the new market could open by the New Year. The European market is extremely lucrative right now but will be even more so once the Commission and the European courts are able to abolish all of the state-run monopolies.