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The World of Casino Legality

So if online casino gambling isn’t considered illegal by a country, does that mean it should be treated as being legal? There are only about sixty countries which have specifically legalized online gambling. There are a good number of them which have laws specifically banning online casino gambling, as a country or few in Europe do, or countries like the United States which use laws four decades old to judge modern technological advances like online casinos and online gambling as illegal – while not specifically targeting online casino companies or operations. Online casino companies themselves are very aware of the legal situation in the countries they operate in (or would like to operate in), and consumers should be aware of all of such things as well.

Even in those countries where online gambling is allowed, you may have regulations which ban online casino operators from inducing customers to gamble. For example, in the U.K., an online casino, online bingo hall, or online poker room is allowed to advertise its brand but NOT to offer specific deals in ads put on print media, over the internet, or on TV ads to induce gambling. That’s the way it is in many countries which see the economic potential of online gambling and the benefits of contributions from those casino groups to their coffers but still stand morally or something other-ly opposed to online gambling.

X marks the spot, though, where legislators in countries like the United States, Australia and Canada would completely ban online casino operations rather than regulate them. Online casinos are not particularly liked in these countries because of the connection seen with gambling and social problems which the countries already have many problems dealing with and would not like to see them exacerbated. Also, online gambling may be seen in its unregulated nature to pose a security threat to the countries, especially when they are based in “tax havens” which do little to build up an image of trustworthiness. In these countries, online casino companies have to tread a fine line between flirting with the law and outright breaking it, though very few authorities in those countries ever take action.

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.