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EU to tighten up online gambling rules as business booms

15
Jul
2014

The EU said Monday it wanted tighter rules to regulate the fast developing online gambling industry in an effort to better protect minors and coordinate a huge but fragmented market. European Union data shows that in 2012, seven million Europeans gambled online, making up a huge 45-percent share of the world market, which according to industry data, was worth $33 billion (24 billion euros) that year. The explosion in European online gambling began in a smaller group of member states, including Britain and Malta, where companies flourished, drawing in gamblers from around the world. Other member states — such as France and the Netherlands — for many years delayed growth, keen to not only protect consumers but lucrative state gambling monopolies as well.

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