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  1. #1
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    The Buzz is offline GPWA Gossip Hound
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    Default NY Times runs piece on European online gambling

    The New York Times surprisingly had space to fill despite all the Wikilinks news they've been breaking the last two days. The story they ran discusses how cash-strapped governments in Europe are looking towards online gambling to fill its coffers.

    The article mentions France's recent decision to "liberalize" its market, and says Spain, Switzerland and Germany are looking to do the same.

    From the NY Times:

    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. 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.

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    JuliaS is offline Former Affiliate Manager
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    I found this a great read.

    I think a lot of the European countries that have held off making any clear moves until now will benefit from the learning mistakes that the UK and French governments have had. I also think the approaches that different countries take makes for an interesting social commentary.

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    dhayman is offline Public Member
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    Default

    Yeah, definitely a great read. As usual, Europe is way ahead of the curve on this sort of thing, with US bringing up the rear.

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    andreea is offline Former AM
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    Default NY Article

    Interesting article. I really liked Simon Holliday's quote

    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.
    Anyone taking bets on which country will follow France and be online/yet in-country and who will have the most licensing issues?

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    very good article

    I'm surprised Spain hasn't jumped on the bandwagon with their debt problems

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