Thursday, 7 January 2010
Looking to Spring
The gambling industry in 2009
The winter might have brought a global freeze in the US and Europe but there are signs that 2010 will show a thaw in gambling restrictions. In the US the change of administration has seen a change in the attitude to online gambling in Congress. In November 2009, the Obama administration delayed the introduction of the Unlawful Internet Gambling Enforcement Act (UIGEA) regulations. Congressman Barney Frank has introduced a law to legalise online gambling.
In Europe, the regulatory weather is more uncertain. The barometer is certainly showing signs of change but, as in previous years, the environment can blow hot and cold.
In 2009 the Czech Republic opened up its market, but prohibited foreign operators from joining. In March, the EU asked the US to grant prosecution immunity to EU operators. In the summer, the European Court of Justice decided that Member States that prohibit private companies from operating in their countries may be acting within the scope of Art. 49 of the EC Treaty. France approved a new gambling law in October, yet many believe it will change little. Still we hope 2010 promises a brighter future for us all. Happy new year.