Europe Warming Up to the Gambling

In February, Italy tried to ban all IP online casino addresses adding up to hundreds of websites. However just shortly after that, it was said to attempt a form of legalization in offering monopoly to an online poker room in order to enjoy some of the profits.

This latter move may be followed by the Dutch government as well, looking at directing gamblers to one main site in order to gain some control over the thriving industry while enjoying some profit. But it seems that now, Italy is embarking on a more organized direction to follow UK footsteps towards regulation. That will be done in such a way that the Italian government will be able to make a nice three percent tax on any gambling revenues collected from companies doing business with Italian citizens. The year of 2007 will mark the move allowing Italian citizens to enjoy legalized online gambling. Bingo parlours and Public sports will also be included in this new legislation.

As the legality issues from the US front continue to bombard the media, it looks like Europe offers a far more promising soil in which the business can thrive in. With the UK open approach, the Netherlands attempt at trailing a single monopolized site and the more drastic move from Italy, it is very likely that more European countries may follow. There is certainly much to hope for and many new avenues in which to turn to as more and more countries realize the financial benefits to be made from taxing and regulating this already popular industry.