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Europe News, European News
PokerStrategy.com as always has provided its readers with a fantastic analysis of what Spanish regulation of online poker means to players.
With Italy now the biggest online poker market in Europe thanks to 24 hour a day cash games, its online casino sector seems to be getting ignored.
The Italian Revenue Agency has reportedly begun cracking down on poker pros who have entered into sponsorship deals.
Germany is unlikely to hike taxes by 17 percent on all online gambling stakes after the European Union condemned the idea on Tuesday. This sent Bwin.Party shares surging.
Bwin.Party topped the mid-cap gainers board, up 7¾p to 140p, while online betting exchange Betfair Group gained 16½p to 632p.
Just days after the Alderney Gaming Commission suspended Full Tilt Poker’s license in the UK and elsewhere throughout Europe, French authorities have done the same.
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The Associated Press (CP) – NICOSIA, Cyprus — The Cyprus cabinet has approved a draft bill banning all online gambling.
Deputy government spokesman Christos Christofides said on Tuesday that the bill — which still needs legislative approval — will eliminate unclear provisions under the existing law which have turned a mushrooming online gambling business on the island into "a social wound."
(Reuters) - Attempts by Cyprus to ban online gambling have suffered a brief delay after feedback from the EU and member states pushed back a decision on the proposed ban by three months.
The east Mediterranean island is attempting to regulate gambling to prohibit online poker, slot machines and other casino games. Lawmakers say the practice has an estimated turnover of 2.5 billion euros per year.
By Hans-Edzard Busemann
Cyprus, a one-time hot spot for online gambling businesses, is close to banning the industry.
Two online gambling firms in the news a lot last week, PokerStars and Sportingbet, announced they are pulling out of or otherewise not returning to certain markets.
A European Union high court ruled that Germany’s betting restrictions contravened EU law.
The European Court of Justice declared that the rules for the German state betting monopolies were not “consistent and systemic enough” to uphold the argument that restrictions served to protect the public from gambling addiction, the Financial Times of London reported on Wednesday.
The Swedish online gambling firm Betsson has lost a legal battle with the government of Sweden related to its monopoly Svenska Spel.
With France opening its market to online poker sites, PokerScout.com is now separating the French domains in its monitoring of “real cash” players rankings.
The market in Italy is about to open up for online poker players but it may be a couple more months until cash players can take advantage.
The review of the draft decree by the European Commission and the other EU Member States will last three months up to 15 October 2010, and, if it is not challenged during this period, the draft decree will be approved shortly after this date, according to eGaming Review Magazine.
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