Categoria: european online casinos

Since the passing of the Unlawful Online Gambling Act, the online casino industry has had a difficult time recently, especially to those with customers in the United States.

Although it has been a tough for some companies, a report by the European Commission suggests that online gambling, online casino business is still booming in Europe despite the losses by their US-facing counterparts.

Some of the particulars of the report show that gambling amounts to 3 percent of the total EU GDP, and is also set to rise even further as the US operators focus solely on European opportunities.

As well, the report suggested that following 2003, when more than 51 Billion Euros was generated through gambling (45 percent lotteries, and 17 percent betting), the European mobile gaming industry will be exploding in 2007.

CEO of Chartwell Games, Lee Richardson, said, “The current drive towards licensing in Italy will offer new international operators substantial retail and online betting and gaming opportunities in a strong growth market; we are very excited by the new possibilities in what has always been a key area of growth for Chartwell’s clients.”

The European market is ready to explode, and the new leading European online casino firm’s Cryptologic (CRYP), 888.com and partygaming can now focus on the positives of the industry- It looks like it might be a very good time to buy online gambling stocks.