The European Commission have laid down a serious marker to any country looking to mess with gambling laws, after filing a lawsuit against Sweden on Thursday because they failed to change it’s laws on gaming that conflict with EU laws on freedom of movement for services. Sweden restricts state-held operations and domestically based operations to work within the country only, making it much harder for the market to become flooded and/or monopolized.
The case itself revolves around the way that Sweden deals with online betting and online poker games specifically. It grants licenses to state-owned or domestic operators, and this means that no foreign owned investment can come into the Swedish gambling scene. While some forms of gambling are allowed to be restricted to minimize the risk of addiction or financial disrepair for citizens, the EU Commission has deemed the Swedish measures to be too harsh.
They also claim that due to a lack of supervision from commercial authorities, there isn’t enough evidence made on the part of Sweden to set up in this fashion. This has been a long-standing battle since 2010, when Sweden first produced the introduction to these new laws within the country. It has created much friction and problems ever since, and was brought in to try and help Sweden to break the monopoly across a variety of the European gaming markets, Sweden included.
These problems look like remaining for some time in the near future, as there has been no indication from the EU Commission that they would consider altering their stance to tighten restrictions against the regular usage of online gaming software. Instead, a long battle between the Swedish and the EU looks set to place for many more years to come.
This causes significant problems for the EU as it looks to try and make a reasoned case with other nations about trying to carry out a similar objective, albeit in a different manner, meaning this may stand to create problems between the EU Commission and various gaming authorities across Europe.
One of the most powerful aspects of online betting is the potential to do it from home – and it looks like the people of France are beginning to really enjoy this feature. In the third quarter of 2014 so far there has been a barely credible 94% rise in the gross profits of the online gaming section of the French economy. Constantly appearing as the good news on the French balance sheet, it’s a market that continues to grow and develop amongst a sea of floundering and failure elsewhere in the market.
The market shows that while payouts are down, playing is up – payouts went from 85% to 75.5% from 2013 to 2014, and this has really helped to establish the key growth in the online economy of France. It’s been shown that online poker has been the most powerful of the online services provided in France, with around €1.05bn being taken in to the economy. While gross profits had fallen 2%, entry fees were up 1%. So, there’s a lot of balancing to be done on the French side of the market at the moment.
The drop was far more pronounced, however, than the figures of offline gaming. Stakes had dropped 14% in offline poker, while stakes in other offline gambling like horse racing had fallen by 7% – recent reports seem to show that the appetite for online gaming is beginning to replace the previous appetite found within France for offline gaming and more traditional, community locations.
Signs point to a revolution in the way that online gaming works in France due to the increasing popularity, and the fact that it is one of the new positive statistics on the balance sheet at the moment. This gives online gaming a much greater purpose and stance than it would have had within French financial circles even a decade ago.
As most of Europe rings the slots from the comfort of their own homes, France is catching on –the effects it could have on their economy for the long-term are only going to be positive.
Recently, we spoke about the massive rise in interest between e-sports and the betting market. Well, how would you like to master that market proficiently? While a decade ago you would have been called a social trogylodyte for staying in and playing computer games, today it’s seen as a cool and respectable career path!
People out there are making professional money from playing video games, and now you can be shown how to make money from their skills!
Take the example of Youngbin Chung, who managed to turn his life around with the same thing that he messed it up with in the first place. A game called League of Legends, and incredible addictive video game, was his savior. Today, he gets paid money to go on a scholarship an play this game!
This sounds just about perfect, right? Get paid money to play games all day?
Well, a similar scholarship exists – to teach you e-sports betting techniques! This helps you find information on how to understand the best gamers and how to read the market to gauge your odds. E-sports still has fairly obvious skill gaps between competitors to it’s an easier environment to learn the right style and combinations for who will win what round.
So, if you want to learn how to take your e-sports betting further why not take these online scholarships? They are provided by a variety of third parties who are helping people cash in on a vibrant and really exciting market that really is hard to match or understand for those without the knowledge – leaving you with a fine little gap to really dominate for yourself.
The world of e-sports is changing all the time, and if somebody can today get paid for being a gamer surely you can cash in on their success with some well-placed bets on the big tournaments.
With seven figure sums being thrown around at these events as prize money, the incentive is there to bet and get yourself a cut of the pie from the high-stakes action that will be taking place on the screen!
The Irish government is set to benefit from a 25m boost to the budget, following the agreement that a new online betting tax will be introduced into the country’s economy. The new tax has been spoken about at length since 2011, when Michael Noonan first became the Minister of Finance. Having promised to be far more stringent on the online gaming community when first appointed, it looked like these new rulings will finally be coming to the Republic soon.
It’s estimated that Ireland spends roughly €1.6bn on gambling every single year, but a huge amount of that money leaves Ireland due to the fact that many companies that Irish players use are based in Gibraltar. Gibraltar has much lower tax rates, especially when compared to Ireland. This lets a lot of that money slip out of the Irish economy.
Targeted at the companies rather than the players, the idea is that will cause a significant change t to the way that Ireland is targeted by foreign bookies. Now, companies will need to apply for a license to advertise in Ireland, and will have to pay tax to the Irish government based on this. Because of the huge amount of gamers within Ireland, this is likely to be met with little resistance by big gaming companies.
This could bring in up to €11m in investment for ailing parts of Irish sporting economies like the horse and greyhound racing tracks which have fallen into disrepair all across Ireland.
As the Irish government looks to create a situation that allows for bookies based domestically facing equal challenges to other bookies that were cutting in on the tax threshold required, there looks to be a far more level playing field for bookies that want to benefit from the thriving Irish gambling and online gaming scene.
In 2009, Australia finally opened its doors to the betting market once again. It allows the introduction of foreign competitors for domestic bookies and betting industries, and this creates a massive shockwave throughout the whole of the betting world in Australia. Within a short space of time, controversial bookies Paddy Power had got involved with Sportsbet and were quickly in the front door. Ladbrokes bought up BetStar and Gaming Investments, and instantly the market had some genuine foreign competition for the first time.
Today, the market is overwhelmed by foreign investors looking to cash in on the Australians who have a strong love for gaming – especially online. William Hill, for example, picked up three companies within a short space of time, and were shortly followed by Bet365 and their audacious Samuel L Jackson advert. Next on the line was Swedish outfit Unibet, and today you have a market that is overwhelmed by selection and style.
However, the Australian betting boom is no surprise – as the country with the highest annual gambling losses in the world, with around $1,037 per resident of the country. This is a country that loves to bet and take a chance, and you can see that in the way that the market has reacted to being opened up to foreign investment.
With such a country that is always prepared to put its hand in its pocket for a thrill and the potential for big winnings, there can be little surprise that the Australian market has been capitalized on so ruthlessly since it first opened its doors.
With just about every betting company in the country doing well at the moment with the majority running on operating profits, it’s safe to say that the average gaming losses won’t be going down any time soon in Australia! Paddy Power have been arguably the biggest winners, with some massive investments coming from their end of the market to try and make sure they capture it for the foreseeable future.
It looks like the future of gaming in Australia is only going to grow.