10 October 2011
10 October 2011 |
The Online Casino Industry is Migrating to Europe 12 Oct 2006 It’s hard to tell nowadays what is Italy’s approach toward the Online Casino industry. After having tried to ban all the IP addresses of Online Casinos just some months ago, the Italian government is now seriously considering just the opposite- legalizing Online Casino web sites. At first it was thought that Italy’s motivation was to offer to a certain online poker room a monopoly, and harvest some of the profits, much like the Dutch Government is doing. Now it seems that they’re looking into a much wider solution, much like the UK resolution of legalized online casinos. If the Italian government succeeds in legalizing Online Casino web sites, it will be able to make a three percent tax in any gambling activity that their citizens take part in. Right now the plan is to start offering legalized online casino web sites in Italy by the year 2007, and it also seems that Online Sports gambling may also be included in the new legislation. With all the legality issues that recently arised in the US, it seems that Europe is on its way to be a prospering land for Online Casino web sites. It is very probable that new countries will try to follow the example of the UK, Italy and Netherlands –each on it’s unique way- and legalize Online Gambling. The financial and economic benefits, as the possible taxing, will make those new countries realize that it may be a good deal to start investing in the already very popular Online Casino industry.
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