|Two leading experts have announced that the European legal landscape for the gaming industry is set to become clearer thanks to the efforts of the European Union and economic realities.|
Graham Wood, a specialist consultant in market entry and development for I-Gaming Consultancy Ltd, stated that more European markets are now ready to open up their markets due to pressure exerted by the European Commissioner for Internal Markets And Services, Irishman Charlie McCreevy, and as a result of economics.
“The Italians were losing millions in tax revenues until they put into place their version of liberalisation,” said Wood. “The result is one billion Euros in guarantees and fees from new operators, a major expansion of the sector and a huge increase in tax revenues. France and Sweden are next on the list and Spain is already working on its own version of liberalisation.
“It is a very exciting and unique period in the gaming industry when clued-up operators should be able to take full advantage of the opportunities.”
Martin Sychold, Head of the Swiss Institute of Comparative Law’s Legal Division, agreed and said that there are already clear signs that some European Union Member States are preparing to modify their gaming and gambling legislation to offer additional national licences to operators already licensed in other Member States.
“To the extent that those operators submit to the local licensing process, meet reasonable national licensing criteria and agree to pay local taxes on their income derived from locally resident players, they will be permitted to compete with the existing monopoly operators,” said Sychold.