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New York Times Gambling Article
On the eve of the Great Internet Gambling Debate, an informative report on internet gambling
With members of the House Financial Services Committee gathering in Washington DC Tuesday to mark-up Congressman Barney Frank's latest legislative proposal to legalise US online gambling, the New York Times carried a review of the pastime and the contrasting attitudes in America and Europe.
The article suggests that yawning gaps in national budgets in Europe have been an added persuasive influence in liberalising markets formerly dominated by state gambling monopolies.
Other influences are the European Union's insistence on free movement of goods and services between member nations, and the determination of punters to give their business to internet companies that best meet their needs.
The article looks at the evolution of gambling attitudes in America and Europe, pointing out that in the latter as public finances worsen, governments are trying to bring a once-shadowy business into the mainstream of Europe’s digital economy, where it can be regulated and taxed.
“What’s happened is a realisation that you can’t uninvent the Internet,” said David Trunkfield, a consultant at professional business services firm PricewaterhouseCoopers. “People are gaming online. You either try to regulate and tax it, or people are going to go to the offshore operators, where you don’t get any revenue.”
The piece especially notes the significant changes in Denmark, Greece, Italy and France, noting that France, which only four years ago jailed the top executives of an Austrian Internet gambling company, Bwin, when they visited the country, last month permitted private companies including Bwin to start taking bets online, in competition with state owned gambling sites.
Denmark approved legislation in June authorising a similar shift, and Greece plans within weeks to introduce a bill legalising online gambling.
Others considering liberalisation include Switzerland, Spain and Germany, the New York Times notes, opining that these nations are all following Great Britain, which in 2005 became the first major country in Europe to confer respectability on the business, and Italy, which has been phasing in legalised Internet betting over the past three years.
"Europe has grown into the biggest online gambling market in the world, accounting for an estimated $12.5 billion of the industry’s $29.3 billion total revenue this year, according to H2 Gambling Capital, a consulting firm," the author avers. "If all of that activity were taxed, it could potentially raise billions every year, though the exact amount is hard to predict, given uncertainty over the tax rates that might be applied."
The article contrasts this progressive attitude with the situation pertaining in the United States, where federal govenment attempts to stifle most online gambling continue, although it remains a popular past time with US players.
It covers the UIGEA and HR2267, the latest attempt by Congressman Barney Frank to legalise and regulate internet gambling, along with intrastate efforts in Florida, California and New Jersey to permit online gambling, and the latest developments among Canadian provinces to benefit from a regulatory approach.
“I think the penny has dropped,” Simon Holliday, an analyst at H2 Gambling Capital told the New York Times with reference to the more enlightened European approach. “They deregulate a little bit, like what happens and deregulate more. The governments get more addicted to the tax than the players to the games.”
"France, which started allowing private companies to offer online sports betting just in time for the World Cup soccer tournament, said that in the first month gamblers opened more than 1.2 million new accounts, betting Euro 83 million, on licensed sites. That was nearly twice as much as the amount legally wagered online in the comparable period a year earlier, when state-run betting sites were the only option. As of this month, those numbers should rise further, with the start of legal online poker."
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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