Online Gambling Regulation in Germany: Slow But Firm

 

online gambling regulationsDespite the debt crisis and economic concerns in the European Union, the gambling sector has managed to remain strong over the last few years. The combined annual revenues of land-based casinos, small gaming parlors and online gambling in the EU are estimated to be around 80 million euros, and Germany is the strongest market in this regard.

Although leaders of the European Gaming and Betting Association are pushing for uniform gambling regulations across the EU, a few member nations seem to be more interested in establishing monopolies or licensing systems of their own. One such case is Germany, which plans to issue no more than 20 gambling licenses.

Handing out less than two dozen licenses in one of the strongest EU gambling markets is not very encouraging at a time when EU analysts believe that unified lotteries, casinos, and sports betting systems should be unified. Germany, however, is likely to support a harmonized gaming system in Europe in the near future.

Online Poker Wunderkind Gives Germany Hope

France, Germany, Italy, and Spain are the EU nations that have shown greater acceptance of gambling in society, particularly with regard to online poker. Recent gambling news, however, indicate that these countries are experiencing waning interest in online poker due to their regulatory stance. As a result, many players in these countries are increasingly going offline and entering live poker tournaments.

For the last two year, a young German poker player has been making headlines in Europe. Ole Schemion, winner of the Partouche Poker Tour in 2012, recently won the Sanremo High Roller in Italy. This is the tenth tournament victory for the 21-year old Schemion, who is becoming a source of pride for German card players and may encourage them to sharpen their skills at domestic online poker emporiums.

Why Internet Gambling Regulation is Good for Germany

More than a hundred online casinos and other Internet gaming companies have applied for the few licenses that German government plans to issue in 2014. Industry analysts expect that licensed operators will bring hundreds of thousands of euros in revenues by 2017 as German players become increasingly patriotic and decided to place their bets with domestic casinos and sportsbooks.

Addiction Study Focuses on Online Gambling In UK

The online gambling industry is under increased scrutiny as it continues to grow by leaps and bounds. The risks of addiction will be addressed by academics in a series of studies exploring the negative consequences of increased access to betting through internet portals.

Ongoing studies about the social dangers posed by fixed-odds betting terminals are already ongoing. These machines generate healthy revenue streams within the industry and Labour and Liberal Democrats assert that these machines take advantage of low income people.

The charity that is conducting these studies is expanding its research to include online gambling, the effects of gambling on youth, gambling-related advertisement, and social gambling.

The Responsible Gambling Trust states that more research will raise the level of debate about the impact that gambling has upon society. The aim of the additional research is to gather independent research in order to create conditions for honest debate.

Restrictions on online gambling are not expected to be enacted before the research has been completed. However, the RGT is expanding the range of research it sponsors into more diverse areas to gather a more complete picture.

Online gamblingThe growth of the gambling industry has been driven by the rise in online gambling in the UK. These betting groups will be required to fund portions of the research and must provide information about their internal practices.

A 15 per cent tax on online gambling’s gross profits becomes effective in December of 2014. Experts from within the UK’s online gambling casino industry worry that the government is over-regulating them. They stress that such stringent regulations may place taxpaying operators of online casinos under too much pressure and offshore operators will be able to prosper.

Reputable UK operators state that they deliver high quality customer service and caution that online only bookmakers will not be regulated.

Studies completed in 2010 found that problem gamblers had risen from 0.6 per cent in 2007 to 0.9 per cent at the completion of the study. Gambling industry leaders feel these numbers illustrate that the rise in online gambling has not had an appreciable adverse effect on the population.

A representative from the Responsible Gambling Trust insists that additional research is necessary. He argues that treatment programs for gambling addiction may not be sufficiently funded. Questions about the effectiveness of gambling addiction programs should be included in the new research according to the RGT spokesperson.