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True that prof!
:angry:
Professor, some operators like Grand Virtual survived for years not accepting any US players. Since 2001 until now, they only accepted them for a short time, and they are still in business, and strong.
I’m from Europe and online casinos are not popular in Europe. I think when EU will regulate online gambling in all European countries, europe will be able to fill some gap left by US. Noe there is’t enough “crazy” players.
I hope Asia will turn to be good market for gambling online.
I think taht only the strongest/bigest operators will survive, but they will have to reduce expences and fire a lot of employees.
Of course not so popular like in the US, but it has some players, and was starting to grow.
Most european countries have laws giving landbased casinos exclusive rights to gambling, but there is “an hole” in the european law, stating that if a casino has business in a european member country, they can also work in the others.
It’s a mess, and I don’t know for how long it will last.
Of course some will continue, like RTG is doing, but we never know the future…
This attitude of whistling past the grave yard and bullshitting themselves that the US market wasnt crucial to their survival is what caused many operators to sit on their hands and DO NOTHING to stop the catastrophe that happened.
Its cheery to keep a stiff upper lip and all, but MOST major operations that turned their backs on the US market WILL fold within the next 12 months and thousands of people will lose their jobs.
Will a few small operators struggle on? Sure, but its no consolation to the rest of us in this industry that have seen our businesses basically crushed by these changes.
Webmaster7 wrote:Most european countries have laws giving landbased casinos full right to gambling, but there is “an hole” in the law, stating that if a casino has business in a european member country, they can also work in the others.It’s not a hole. It’s EU law. Thats why jurisdictions like Malta provide “legal” operations in EU. I know taht EU will in the future regulate online gambling based on UK & Malteese regulations. Our lawyers are keeping an eye on it
.Of course no one like this. I had lots of ideas that I now had to put on hold.
But the truth is that some operators didn’t focused in the US, because they had legal problems in the first place, not from now. So those didn’t lost their business with this issue.As to the others, that had US as their main business, you are right, they will have a hard time…
The “hole” is having a european law that goes against each countries law, so which one will prevail? You saw what happened to BetandWin (Bwin) managers, interrogated in France.
It’s a mess!Webmaster7 wrote:The “hole” is having a european law that goes against each countries law, so which one will prevail? You saw what happened to BetandWin (Bwin) managers, interrogated in France.
It’s a mess!It is, but it’s defendable in court. I think in the end Europe will sooner regulate gambling online, there is no other way. I know that major software providers are lobbying this issue in europe.
The problem is that right now you’d better not travel to countries where gambling online is illegal.
