Home	Tutorial	Online Casino Reviews	Best Online Casinos	Casino Software	Casino News

Online Casino Gambling --- Casino News

Another Online Casino Monopoly

The latest news out of Europe indicates that another online casino gambling monopoly is under way now that the Swiss government is getting involved in regulating and licensing the internet gambling sites. Switzerland is the EU member state that normally remains neutral on just about anything – on this issue though the Swiss government has passed through legislation that will allow the government to grant licenses to the online casinos and internet gambling sites able to operate in the market. This decision was made because of the fact that all sorts of illegal internet gambling is already occurring across the nation; with a licensing system in place the internet gambling industry will be safer for Swiss gamblers.

The European Commission has no problem with internet gambling sites regulating and licensing their home online casino gambling industries – the issue arises when the new regulations are protectionist in nature and designed to keep foreign competition out of the market. There was no clear indication of the Swiss government’s intentions at first, but now it seems as if the licensing authorities are giving clear preference to Swiss online casinos and gambling companies over foreign gaming sites that already have a share of the Swiss market. The new licensing system is not yet fully implemented but there are hopes that early intervention by the Commission will stop a new monopoly from forming.

The Swiss authorities still have the opportunity to avoid a conflict with the European Commission by licensing foreign online casinos. At this point the industry is in a holding pattern of sorts, with breath held, and high hopes that Switzerland will not go the protectionist route.