Greece, The Netherlands and Italy – Online Gambling Laws Update

09/21/2011
By Pamela PattersonGoogle

 

Much progress is being made across Europe with regard to online gambling becoming regulated and legal.  Three countries currently active in legalizing online casino gaming include Greece, The Netherlands and Italy. 

 

By the end of September, the Greek government will enact a new law that includes the making online gambling legal.  The Greek government will be able to generate money from taxing the new legal and regulated online gambling industry and the money they will earn will go to fixing their troubled economy.  They will offer licenses which are said to cost around €950 million which according to the agreement will be paid by the Greek gambling monopoly OPAP.  The Greek government owns 34% of OPAP, which will help them to regulate the company’s online gambling endeavors.

 

The Dutch government is looking to make online gambling legal in The Netherlands however there is some opposition from various parliament members.  These members are concerned that the current proposed laws don’t protect gamblers from potential problem gambling.  The Dutch government seems faced with the task to draft up tight regulations to go with these online gambling legalization laws in order to garner a majority vote in the parliament.

 

Italy has regulated online gambling and is not enjoying increased revenues from both online and offline gambling.  They serve as a much-needed positive example of the economic benefits of regulating and legalizing online gambling. From January to July 2011, total gambling wagers have risen to €41.9 billion (a 21.45% increase). 

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