The Gaming industry in Europe

Apr 13th, 2010 | By Antonis | Category: Betting and Gaming, Featured Articles

Eiffel TowerSome people believe in fate, believe that all things are meant for a reason. They believe things that are happening for them were already decided. Fate they call it. I don’t believe in fate, as I don’t like the thought that someone has pre-written my life. Nevertheless, I can tell you one thing for sure that will happen in the next few years, gambling will legalize in more and more countries.

The France National Assembly recently has voted in favour of a bill to legalise online gambling, preparing to open up the market to the gaming companies around the world. Ideally I believe that is the best move to make but who will believe me. After all I am working for a gaming company.

However, trying to think the advantages and the disadvantages in this story, the gaming industry is one of the few that keeps making profits in times of recession expanding all over the world and providing business opportunities to millions of people. Why governments don’t try to take advantage of it?

The examples of Gibraltar and Malta are characteristic of how a community can gain from the booming of the gaming industry and provide with work placements to the people.

France has finally opened up and companies like Ladbrokes, William Hill, Betfair are all gearing up to take the best spot in the market. Despite that I think there are bigger markets in the minds of the CEO’s that they are dreaming. Obviously in America everyone is waiting opening up United States but in Europe, Greece , Spain and Turkey will be next in line. Slowly I feel that those markets will be forced to open in order to create more opportunities and cash flow towards the government.

There will be always those people that will shout that gambling will destroy families, society’s and people …they always do…but the truth is legalizing it and putting gaming companies under a law is much better than what exists right now….which is nothing.

I always believed that Gambling is the way to save Greece from economic destruction. Maybe I am wrong but listen to this… Right now my country is on the verge of bankruptcy asking for money. Well, I am not politician and not in to economics but what if…they legalized gambling and let companies to come into Greece and open up Betting shops or work online. In order to get a license they should pass from some tests of course to see that they are respected companies but the most important is that they should have offices in Greece. A small office of 30-100 people,  most probably the marketing department for the country and maybe customer service. Of course they would be taxed for there profits , money that the Greek government would take and until now, is loosing.

I bet that the fact they are earning a lot of money until now from the greek betting company opap but also because of other political reasons that is not possible now but eventually it will happen as to most other countries. Well, again my view on this matter is not credible as I said as I already work in the gaming industry but is it so wrong?  I don’t think so…but then again I am not the Greek Prime minister…thank god J

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