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Online Casino Legislation Not Clear

Reading at our World section here at Online Casino Archives, you would get the feeling that online gambling is flourishing around the globe. While the industry is doing much better, globally, then in previous years, there are still places where virtual casino games are illegal and where governments try to ban people from having fun online. It’s interesting to see how governments treat land-based gambling and online casino sites differently. Just now news from Sweden informs us that about 150 locations were raided by the local police department that took down gambling operations throughout the country. This is a great example on how unclear the legal equation is when it comes to gambling.

While some countries allow their citizens to visit land-based casinos, other forbids it. While some governments regulate online casino gambling, others ban it. While some administrations support and back online gambling monopolies, others fight them. The legal ground on which the online casino industry is working isn’t very clear or stable. However, when it’s possible and legal – online casino operations are highly popular and successful. The world is changing and liberal winds are blowing. People understand that banning online entertainment stand against their basic rights and politicians understand their public’s want.

Add the vast economic potential that the industry holds and you have the world becoming more favorable for online gambling. Regulation the online casino industry means billions of dollars in tax money for the regulating government. Plus, the European Union has strict laws regarding free economic trade which in the field of gambling can only be established by virtual means. Online gambling ensures that foreign firms can offer gambling services to citizens in remote countries. You can see that making decisions regarding online casino legislation is a complex task and it’s no wonder it’s just as complex to understand those decisions.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.