The Concept of Unified Legislation in the EU

10 August 2012 – By Cristian Dragomir

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The European Union was created to bring together countries from the old continent and since the creation of the EU, there has been an attempt to produce a unified set of laws and regulation in accordance for the online gaming industry. Due to the lack of consensus between the seventeen member states, currently we do not a common set of guidelines for the gambling industry in Europe. But, as the online gambling industry continues to prosper, views are changing towards a needed set of laws and the concept of unified legislation for the EU comes closer to reality.

The largest obstacle regarding unified legislation is represented by the lack of agreement on the outlook of the online gaming industry. Member states of the European Union do not share a united viewpoint of the industry causing a lack in collective legislation. Countries in Western Europe offer a more advanced and more reliable online gambling system than the ones in Eastern Europe. Therefore, it is quite difficult for citizens of the European Union to benefit from a consistent set of services from within the online gaming industry. Despite that, all seventeen states accept online gambling a legitimate source of commerce and profit from this fact.

The profit of the industry has been recognized by its members and by introducing a common set of laws and regulations for the online gaming industry of the European Union, the member nations will benefit by the deliverance of increased national budgets. Regulation regarding the taxes of this source of commerce is commonly recognized and is becoming increasingly attractive for the European Union members, especially after some of these countries were hit by the financial crisis.

More and more countries are legalizing online gambling and they are producing an increase in profits due to the safe environment created for its consumers by online casino operators. Analysts say that this is the first step towards the concept of unified legislation and according to them citizens of the European Union will be the only beneficiaries of this concept. The future of online gambling, in order to be a bright one, must begin with a change in outlook.

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