Gaming Regulations in Europe Open New Markets for Online Operators

In the recent months, the online gaming regulations in Europe have eased. This has been advantageous for online gaming and betting operators like 32Red that want to enter markets that allow them legally. According to the chief executive for 32Red, the company has set its sights on Italy and intends to cross 2011 market estimates.

The company has gained new customers consistently in the past few months. This is predominantly a result of its marketing activities into which the company has put in a lot of funds. In light of this, 32Red currently expects to register a new set of results for the year.

32Red Scaling New Heights, Intends to Enter Italian Market

According to the chief executive, the business is scaling new heights. It is investing a lot of money in the top levels of marketing. Also, to bring in new customers, the company is being quite aggressive in its promotional offerings on casino games like online roulette. Of its many marketing activities, the most recent were sponsoring Swan City, a team in the Football League Championship and broadcasting TV advertisements of it.

On an average, the firm was expected to post £2.1 million (which is equivalent to $3.3 million) as full-year pretax profit and £22.1 million as revenue. Licensed by the government of Gibraltar, the firm stated that it intends to enter the Italian market as a licensed operator. Also, it wants to become an insider in the Italian market and lobby governments. With 32Red’s preference for regulated markets, Italy is a natural option. This is the reason the company is looking at opportunities in this market.

As they are lucrative markets, countries in the European Union are being considered by several companies running gambling sites. 32Red’s chief executive stated that another market that has interested the company is Spain. However, the firm is wary of the region’s economic situation. Since August, the central bank in Europe has supported Italy and Spain’s efforts to manage debts. It has bought approximately €70 billion of their bonds.

Denmark to Develop Online Gambling Market

Another European country that recently got the green light to develop an online gambling market is Denmark. According to site operators, other countries too should take similar steps to regulate online gambling activities. Prior to approving online betting in Denmark, the European Commission looked into the plans the country had drawn up for reducing taxes for online gambling.

According to a proposal in the Gaming Duties Act of Denmark, online casino game operators will be subjected to a tax of 20% on the gross revenues from gaming activities. This will be the amount the sites retain after they pay customers their earnings. This is significantly lower than the tax imposed on a few land-based casinos – 75%.

The commission stated that the tax would make up state aid; however, this was in line with the rules set by the European Union. The implications of a low tax rate are likely to be positive. It can lead to the liberalization of the gaming market. Online operators, represented by the Remote Gambling Association, clarified that the reasons for differences in tax rates were justified.

Popular Pages

Casino Bonus Codes

Popular NEWS

gap line

About PlayRouletteOnline.Org

PlayRouletteOnline.org strives to be the world's best source of knowledge regarding playing roulette online. This ranges from the best and safest online casinos to play roulette at, all the way to the various roulette betting strategies that have been designed over the years and the mathematical principles behind them.

On this website we have only displayed the highest quality online casinos that have passed PlayRouletteOnline.org's rigorous quality assurance check, involving key areas such as the security of funds, cashout times, deposit methods, casino promotions and the quality of the casino's software and support. Overall, we believe that at the time of date, you will be thoroughly satisfied with playing roulette at any of the online casinos listed on our website.

In you delve further into our website, you will find a plethora of free content that you can use to your advantage to increase your winnings from online roulette. This may start with our roulette strategy articles but we also post daily news on the best current casino promotions at the rooms listed on our website. Correctly taking advantage of these promotions can even turn the odds of roulette in your favour, essentially making you a guaranteed winner.

PlayRouletteOnline.org was designed, developed and is now maintained by online casino players that have had vast experience in the online casino industry and know all of the tricks of the trade. Therefore, we believe that we are giving a valuable and honest insight into the world of online roulette and we wish you the best of luck at the tables!