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Germany’s Online Casino Future Seems Bright

A new study recently completed in Germany investigating the local online casino gambling industry and the lottery market, indicates that the local industry counts on an opening of the market and amendment of the state treaty on gambling. With Germany’s Federal Constitutional Court making a favorable decision regarding online casino gambling it seems that there is place for hope. Most of Europe, with Britain and Italy leading the change, has realized the potential of the online casino industry and countries are starting to regulate the local gambling markets. The world wants gambling, and hopefully we will see Germany opens its market to the online casino industry as well.

Most of the data that the study is based upon comes from a survey conducted in the spring. The study shows how online casino poker holds great potential to become a major entertainment branch that many people will want to take part in. another notable peace of information relates to the fact that Germany’s treaty on gambling will expire in 4 years making it highly possible for lobbyists to influence the political authority to reconsider its take on online casino gambling and gambling as a whole. The majority of analysts survived believed that lottery will be allowed in the country and therefore an opening for the online casino industry will be formed. Online casino advertisement at stadiums will also be permitted, experts say.

All of the above and much more have led researchers to the conclusion that the future looks very bright for the online casino industry. If Germany changes its stand regarding online gambling, it’s expected that many other European countries will do the same. The world is clearly changing, and countries cannot afford to stay behind. Citizens of any country are able to use online casino sites and there are many ways for them to pay for their online gambling. Regulating the local industries means that governments can enjoy the benefit of taxes, and guarantee a safe experience for their public.

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.