Bwin Pulling for Europe to Join Online Gambling

November 21, 2007

The CEO of Bwin, Norbert Teufelberger, is claiming that he believes that the European nations such as France could be looking at liberalizing the online gambling market in Europe. He says that it is a $4.4 billion online gambling market, and he really thinks that it is going to open up before next spring.

Teufelberger says that the liberalization of the online gambling industry will make it more legal and thus make people more comfortable with the premise. He said that he thought that if France were to come forward with some kind of legal basis for online gambling that there would be a “landslide” of other countries coming forward to do the same thing. Teufelberger said that it would completely change the face of online gambling in Europe.

Companies such as Bwin, an Austrian Internet bookmaker, would then be able to infiltrate those countries and make some serious money off of the legal move. Teufelberger says that six months ago no one thought that France would even be looking in that direction, but now that they are, there is no reason to think that it would not be completed by spring.

Bwin is involved with a host of other companies that are looking to work with the countries to bring in online gambling, but at the same time allow the states to keep their lotteries under their own monopoly. All online gambling and betting would be allowed to happen through commercial operators, which would make many online gambling companies very happy.

Teufelberger says that even though he does not think that all of Europe will have signed the same deal, he thinks that the options will be greater for those that don’t have many now. He says that there will be much greater access in many more countries than there is now, and that eventually it will be widespread.

 

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