Casino Business in Europe Follows Manners to Operate
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Gambling is legal in almost all countries of the Old World. Most of gambling commissions are set in place for its regulations. The authorities sometimes try to limit the development of casinos, but they usually don't succeed.
Malta is considered the centre of online gambling in Europe. Many gambling operators choose Malta as a springboard for opening their offices in the continent. Malta's tax system is democratic and the gaming operators have the liberty to release the newest free slots.
Twenty European countries have casinos on their register. Most casinos are in the Benelux countries, Italy, France, Germany, Great Britain, Iceland and the Scandinavian Peninsula. The amount of income from the gambling business has always been impressive. The governments of most European states do not want to restrict the industry. According to one of the researchers, the history of gambling has been going on for many years.
The collapse of the USSR and the weakening of state control over the gambling market were among the key factors contributing to the growth of demand for casinos in post-communist countries. Foreign investments solved the problem of a lack of well-established gambling infrastructure and gave the first impetus to development of gambling industry on the Internet.
Gambling industry in Europe is expected to peak this year. Many European countries intend to adopt new gambling laws and strengthen regulation. In Latvia, banks and financial institutions can no longer process payments on behalf of online sites that do not have the seal of approval of the Supervision Inspectorate for Lotteries and Gambling Supervisory Inspection of Latvia. The law will come into force on July 1 in Lithuania. Online gambling in Poland is not subject to value-added tax.
In Latvia, banks and financial institutions can no longer process payments on behalf of online sites that do not have the seal of approval of the Supervision Inspectorate for Lotteries and Gambling Supervisory Inspection of Latvia. In Lithuania, the Diet passed a bill according to which all advertising related to gambling must have warnings about problems that can be caused by gambling. Online gambling in Poland is not subject to value-added tax. Bulgaria's State Gabbling Commission is in trouble because its employees are accused of accepting bribes from Vasil Bozhkov.
The global gambling market is expected to grow by 15% from 2017 to 2021. Eastern Europe's gambling industry is developing steadily. Poland intends to break its record for the capitalization of the gambling Industry. In some CIS countries, the situation is not going so well. In Lithuania, there was a sharp decline in gambling activity in 2020. The Lithuanian regulatory body tightened the rules regarding mandatory warnings about the adverse effects of gambling on advertising materials.
