Canada Still Debating Gambling Law

In Europe the world of gambling is evolving much like it is in throughout the world. The UK is in a lot of ways leading the market because it was the first to legalize and regulate online casinos with some success. It was back in 2009 when the UK first started. Of course it went through its own growing pains with the issue, but for the most part a lot of those issues are no longer relevant and have been eliminated from the market. One of the biggest problems was how to get EU member countries to stop creating gambling monopolies for themselves. They know that the gambling world is lucrative and legislators of various countries have purposefully tried to keep gambling money in the country. The revenues are easily in the millions every year and that puts them in a very protective mode—they want that money for themselves. The problem is that the EU has laws on free trade. Countries are supposed to allow for cross marketing and promotion everywhere. This of course is threatening individual revenue streams and creating problems.

Roger Raatgever is the CEO of MicroGaming and he recently spoke at gambling convention. He stated that countries have to be more progressive with their gambling laws because prohibition is now the answer. He cited the US and its UIGEA law back in 2006. The bill was supposed to create a ban on online gambling and eliminate it from the US economy. In the end though that is not what happened. People who were no longer able to wager in the US, merely moved their gambling to offshore companies. The repercussion was that they also channeled billions of dollars out of the country. Raatgever warns that any country trying to put a ban or prohibition on the market, is going to suffer the same fate. He was part of a group calling for further regulation of online gambling throughout the world. He stated that people are going to wager, so shoring up laws is the best way of offering the activity to them, but also to take advantage of the huge tax revenue dollars gambling creates.

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