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New Countries Entering Online Casino Market

The economic recession that hit the world two years ago is still having a lasting effect on dozens of countries and the online casinos are seen as a viable way for these countries to create a viable income that can boost the revenue funding the state budget. Although this is a process that has been talked a lot about in the United States the Eastern European market is actually now really beginning to open up to the idea of online casino gambling. And it’s not the countries that you may have thought! Although there is a lot of talk in the market right now about blocks and bans in Poland and Czech, it’s some of the smaller countries that are now open to the internet gambling industry. Both Romania and Moldova have apparently announced that they are considering legalizing and regulating the industry.

Both of these countries are in a definite need for tax revenues and the online casinos provide a really clear opportunity for this to happen – it’s easy and it has been done effectively by a lot of other neighboring countries. The first news of the potential launch of online casinos into Romania and Moldova came from Mediafax, a publication in the region that got this information from the office of the Finance Ministry of Romania. Romania is suffering from a slow economy, job losses and a lack of any new money and jobs. The Finance Ministry is actually looking at merely gaining a little bit of kickback from the online casino gambling that is already happening in the country.

Euro 500 million is already being wagered in the country and more regulation and taxation would significantly boost the money coming into the state. The government has already seen this benefit illustrated by the increases last year and the new talks would take a much more deliberate taxation look at remote and foreign online casinos accessing the gamblers in the state.