Online Casino Companies Show Interest In Italian Market

27 Dec 2006

If you’re an investor and you are interested in the online casino industry, Italy might be the right place for you. With the country’s new, and more enlightened, approach to online gambling, it seems as all the big names in the business are looking to enter the Italian online casino market. It’s important to remember that the Italian government has already announced that it will issue only 17,000 licenses, which means that the companies better hurry up if they don’t want to be caught behind. Some of the biggest names of the industry have already seized the opportunity, and more are sure to follow in the next weeks.

Nevertheless, the potential of this market is still unknown. A corporate finance manager for one of the biggest UK-based online casino sites recently said: “We still don’t have any facts or information about the Italian gambling market, so we can’t make any predictions yet. I think that it will take us at least a couple of years until we know for sure that we are in a good direction”. Either way, these latest developments are great news for all the online casino fans, especially after the banning of US players due to the legislation of the Unlawful Internet Gambling Enforcement Act.

Following the Italian decision, many other European countries, such as Greece, Ireland and the Czech Republic are also considering the possibility of legalizing online casino sites in their areas. Spain is another country who’s set to follow Italy, as some Spanish regions already got the authorization to set up their own regulatory structures, and online casino sites will be permitted to operate from those regions.

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