Ever since its creation, the European Union members have been trying to adopt common regulations and compile a uniform flow of laws. Many have recently shown their interest in including unified regulations for the online gaming industry. Important steps have already been made in Europe towards recognizing online gambling as a legal and safe business. www.Onlinecasinoportal.net feels the urge to inform you about the existing laws and keep you updated with the latest legislation.
The biggest problem standing in the way of creating a single legislation is the lack of a single view on the online gambling industry. The EU member states do not share the same opinions on this topic, but unlike the US, at least they tolerate online gambling and accept it as a profitable business. Some of them have already realized its huge financial potential for the national budgets, if properly regulated and taxed.
In Western Europe the online gambling services are much more reliable as compared to those in Eastern Europe, but all the EU members will very soon be obliged to comply with the same strict regulations in order to continue providing such services.
The online gambling is a very popular business in the UK and it is actually one of the pioneer countries to legalize this business and take advantage of it. The Gambling Act of 2005 established the existing legislation concerning the remote gambling industry, which is very permissive and a regulatory body, the Gambling Commission, responsible with granting licenses and ensuring fair and transparent gambling. www.Onlinecasinoportal.net noticed that the recent attitude of the British authorities became an example to follow for other European countries, like France or the Netherlands.
France’s restrictions on online gambling activities used to be legendary, but the country has lately adopted a more diplomatic approach to open the market to local gambling providers and enhance competition. France’s new laws date from 2007 and specify that the licensees must pay a part of their revenues in exchange for being able to conduct online gambling activities. The French gamblers have nowadays access to a larger number of fully authorized online gambling services.
Germany authorities still display a hostile attitude of mistrust towards online gambling. Almost all forms of online gambling are banned here since 2008, except for lotteries, to protect citizens from illegal gambling activities and fraud. The European Commission has recently summoned Germany to abolish its prohibitive laws and show a more tolerant attitude.
In the Netherlands gambling is absolutely legal but the Dutch Gaming Act encourages gamblers to play specifically in local online casinos. The law revolutionized the government’s traditional unfriendly attitude towards this industry.
Greece announced the good news in 2011 when the government took the decision to legalize online gambling and issue licenses. The authorities wish to turn this business into a major source of profit used to pay off the considerable national debt.
There is still no common gambling law in the EU but the general attitude towards this business visibly changed and many countries showed interest in legalizing it and even making huge profits of it by issuing gambling licenses.
www.Onlinecasinoportal.net visitors are probably aware that legislated and regulated online casinos are much more attractive to players willing to spend their money only in a safe environment.
