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Online Casino Chief Predicts Legal Clarity for EU
An executive for Austria’s Bwin Interactive Entertainment has announced that he is optimistic about growing liberalisation in the European Union and that legal certainty could be achieved as early as next spring.
Co-Chief Executive Officer Norbert Teufelberger stated that European countries, including France, could begin liberalising online gambling by next spring, creating more legal certainty in the business. He stated that a landslide of liberalisation could begin in the $4.4 billion online gambling market in Europe if a major nation such as France took the lead in opening up its Internet betting market to other EU nations.
'There are many signals,' said Teufelberger.
'Who would have thought six months ago that France would move politically? There is movement now.
“We hope that we will have more clarity in a few months. There won't be a solution yet but I think one can have a feeling for the direction this is going to take.”
Vienna-listed Bwin and other online betting groups are lobbying for a deal with European countries under which state monopolies for lotteries would stay but betting and gambling would be opened for commercial operators.
'There won't be a European Union-wide solution in spring but in individual countries,' said Teufelberger.
'The UK already has a solution. Our goal is to find one in one or several major countries. If that's going to happen, there will be a landslide.'
source: OnlineCasinoNews |
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