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STATE MONOPOLIES CAN SUCCESSFULLY COMPETE

The 2008 European Gambling Briefing in London this week saw conflicting opinions expressed on the controversial issue of state gambling monopolies.
 
Whilst many delegates supported European Commission efforts to open up the gambling markets of those EU member nations with state monopolies, there were those - notably the Dutch - who opposed the abolition of such highly lucrative sources of state revenues.
 
The recently resigned CEO of the Swedish state monopoly Svenske Spel, Jesper Karrbrink, said that in a deregulated European market he was confident that state monopolies could compete effectively. Fellow Swede Clun USA Casinoand MEP Christopher Fjellner was critical of the current legal uncertainties surrounding monopolistic policies, and opined that the complex nature of the gambling industry was not a justification for monopolistic state conduct.
 
Former justice and European affairs minister for the German state of Brandenburg, Kurt Schelter was critical of the waiting game played by German politicians and called for a more proactive state approach to bring to an end what he characterised as 'political autism.'
 
Opposing argument came mainly from Tjeerd Veenstra as a director of the Dutch gambling monopoly De Lotto, who felt that the current (monopolistic) model was "the best there is," stressing that all profits go to society for the "benefit of the common cause."
 
He appeared confident that voting in the European Parliament would go against the liberalisation of European gambling markets, and that De Lotto had a solid argument in any European Court of Justice proceeding against the Dutch government.
 
The Dutch government could find itself before the ECJ as a result of its pro-De Lotto exclusionary practices, which have motivated warnings from the European Commission. In particular, reports this week that the Dutch may be planning a UIGEA-like financial ban on Internet gambling transactions are likely to bring it into futher conflict with the Commssion.

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SD618 Massachusetts Online Gambling bill Updates - A few more details have emerged on Sen. Bruce Tarr's new online gambling legalization bill SD618 just filed in the Massachusetts Senate.

2017 $25,000 buy-in Aussie Millions Challenge event results - Taiwan poker pro James Chen has emerged victorious in the $25,000 buy-in Aussie Millions Challenge event after besting a field of 133 at the Crown in Melbourne.

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

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