Dutch Government Regulating Online Gambling?
07 October 2010
It seems the Dutch government is having a hard time with what to do with online gambling and has now, again it seems, flop stances. The Government has done a lot over the years to keep online gambling out. They made a blacklist of foreign online gambling sites (2008) and then told banks to not do business with them for fear of being prosecuted; the Dutch version of the U.S. UIGEA. They have also spent a lot of time in European Court fighting to keep online gambling out.
Ladbrokes and Betfair have been battling Holland for years with the case going all the way to the European Court of Justice . Late in 2009, The Advocate General of Europe’s highest court provided his opinion on the matter and decided that the Dutch Government had the right to band foreign gambling sites from operating within its borders.
But that was then and this is now and a new government has a different view of online gambling. Today in an announcement in Telegraaf, it now seems the Netherlands will license and regulate internet gambling. Just like any changes of opinions, the first thing pointed out was the money and the fact it could raise €270 million in revenue a year.
There has been no official announcement other than the article in Telegraaf which has been inundated with pages upon pages of negative comments from its readers. So will this possible Dutch legalization go through? No one knows for sure yet but if history is any indication, don’t be surprised in another flip flip.
28 April 2010Canada Pushing Legal Online Gambling
It seems like Canada is considering taking steps to get there part on the $30 billion global online gambling market. Though gambling online is legal in Canada, operating a gambling site in that country is not. Meeting at the Canadian Gaming Summit in Calgary this week, online gambling officials, including John FitzGerald, president of the Interactive Gaming Council are calling for a change. They would like to see governments take action to protect players from being taken advantage off.Read full article
28 July 2010Barney Franks Online Gambling Bill Passes Mark Up Vote
Step one passed with flying colors. House Committee on Financial Services Chairman Barney Frank’s bill H.R. 2267 the Internet Gambling Regulation and Consumer Protection and Enforcement Act took a step today in trying to regulate online gambling in the United States. This bill would regulate internet gambling in the U.S. as well as require operators who have gotten a license to have safeguards in place to curb underage gambling and to help prevent problem gambling.Read full article
21 February 2011Hope for Federal Online Gambling Law?
For all of those that think the recent elections may have destroyed any hope of a federal government law regulating online gambling may have to rethink their position if rumors become a reality later this year. Though it may come as a surprise what side this bill may be coming from, who may introduce it shouldn’t come as much of a surprise.Read full article