Sep 27
What is the secret of the great interest in South Africa? Definitely, the forthcoming regulations and legislation concerning the South African online casino gambling market. While some companies wait for these legal changes to come into effect in the country, others decided to act immediately. Let’s take Ukash for instance, a Europen payment processing company. It has announced that it is just preparing to launch a full-prepaid payment system within South Africa as a way to bring this region into the digital revolution- and down the line perhaps Ukash might begin offering online casino payment services and being one of the first payment processing companies in the region it could gain nice profits.
Ukash claims that it paid attention to the South African online market from simple reason- so many South Africans are “unbanked”. In other words, the residents of South Africa have little or no opportunity to purchase goods and use services over the internet. Ukash sees the potential within the market and came up with an idea of attracting customers from South Africa, namely it announced a plan to offer interested residents prepaid vouchers that act like an electronic check.
Now, Ukash will only need to wait for the implementation and legalization of online casinos to enter the South African market by offering services that can be used anywhere in the e-market place. The prepaid vouchers can be already purchased by the South Africa residents who can then use them to shop at the stores or even play at the forthcoming internet casinos.
Sep 20
It can’t be denied that gambling monopolies are a real pain in the neck for the gambling companies. The EU gambling market has some distressing problems right now with the land and online casino gambling monopolies excluding foreign competition despite EU policies. Particular focus is being put at the Austrian market which is having some strong issues at the moment and Bwin Interactive Entertainment AG is right there to help the government find more appropriate legislation that stays away from more monopolistic tendencies. As a result of the pressure from the European Commission and foreign online casinos, the Austrian online casino gambling market has begun to open to foreign competition. The new legislation which is currently drafted by the Austrian government would really come as a needed relief to some European facing online casinos and gambling companies looking for increased access to closed markets.
There’s just one problem- the new legislation which is currently drafted by Austrian Finance Minister, Wilhelm Molterer who clearly supports state monopolies like Casino Austria and imposes unfair restrictions and regulations on the foreign online gambling sites at the same time. And here the role of Bwin is so important as its legal team is attempting to draft some sample alternatives to Molterer’s monopolistic and one-sided legislation. Bwin maintains that the currently drafted legislation unfairly targets foreign casino gambling companies in favor of state monopolies and its general idea simply violates the constitution. The current situation in Austria is open to doubt right now as the country drafts new legislation- they are under the careful examination of the European Commission as well as the international online gambling industry.
Sep 13
Many companies in the online casino gambling industry get more and more interest in the mobile gambling industry. And that shouldn’t be surprising at all, since the mobile gaming and gambling market has begun their expansion across Europe and into other markets. However, according to some pessimistic opinions, the mobile gambling industry is not going to see the same level of boom that is visible when it comes to online casinos and other sector gaming sites. On the other hand, a much more positive attitude is displayed by Joe Saumarez-Smith, the CEO of Sports Gaming. It would be reasonable to pay attention to his predictions as he has extensive experience in the online casino gambling industry with bingo gambling companies, odds comparison sites, and other oddly assorted sites in varying sectors of the industry.
As it turns out, Saumarez-Smith is not the only one who displays hopeful attitude towards the issue. As he noted, several industry experts and CEOs are expecting that the next several years will be successful for the mobile online casino gambling industry. It was already mentioned that the mobile gambling industry has just begun its performance. New products and sectors of the industry emerging on a nearly weekly basis. With such a pace of action we can witness a truly huge growth of the industry in the next several years and this is not just a hope but rather a reasonable expectation.
Sportsbetting is definitely one of the sectors that brings particularly high profits to the mobile online gambling market and this is exactly what companies take as their aim.
Finally, one thing that we shouldn’t forget about is that the mobile phone generation is growing up. Just imagine what will happen when it turns 18. We can only expect that boom of the industry is not just one season matter and that the business will be successful in the long run.
Sep 6
The issue of state monopolies has caused tension between the foreign Internet gambling companies and the state sanctioned monopolies. This in turn, leads to the worsening of the EU online casino gambling situation. It is maintained by many of the online casinos, as well as the European Commission that the EU principles and policies support and open an accessible internet gambling market between all EU member-states already allowing types of gambling. However, several prominent EU countries continue to sustain their negative attitude towards the issue. They have been successfully running land and online gambling market and it is obvious they don’t want to lose the profit from state-run monopolies.
As far as the online casinos and betting companies are concerned, they too are willing to put their foot down. A Swedish internet gambling company- Betsson has been facing many obstacles since it opened a land betting shop in Stockholm earlier this year. The company decided to open the shop although it is officially forbidden for any company, foreign or domestic, to compete with the state’s online casino gambling monopoly. No surprise that Betsson’s land betting shop was challenged in the courts. In spite of the fact that Betsson didn’t win the case, the company is not going to give up. It has placed two appeals to the higher courts to reconsider the previous ruling, yet both of those appeals were rejected. Nevertheless, an open land and online casino gambling market is simply too precious to withdraw from the fight. And Bettson definitely knows that, if we consider the information the company released saying it is now taking the appeal process even higher in the court system- to the Administrative Court of Appeal. Looks like Betsson is going to take all possible steps to win.

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