European Online Gambling Market Takes Off

November 6, 2007

With the United States taking the firm stance that online gambling will not be allowed, other areas of the world are more than ready to take on the mantle of online gambling superpower. The European market seems to be first in line, and online gambling has truly found its wings there.

With the renewed interest in all things related to online gambling in Europe comes the interests of the eCommerce and Online Gaming Regulation and Assurance organization, otherwise known as eCOGRA. According to a recent press release from eCOGRA, they are looking heavily into the European online gambling market due to this renewed interest.

They have found that online gambling operators should “commit serious licensing jurisdictions” so that they can be regulated and players will know that they are playing on safe sites. This became the topic of most of the conversations at the European iGaming Congress and Expo that was recently held in Barcelona.

With so many countries looking to be involved in online gambling in Europe due to either a lack of support or interest from their own countries, more experts feel that a kind of “white list” like that of the United Kingdom may be necessary. You must be in the particular licensing jurisdiction if you want to be on the list, and you must comply with their rules and regulations.

However, more than that, they have to be able to prove that you can protect your players. That is probably the most important part of the new regulations. The company has been around for four years and they are bound and determined to ensure a safe online gambling haven for those that choose to partake. They ensure that accredited companies comply with those things which are required of them.




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