MSNBC By Roger Blitz in London Updated: 25 minutes ago
Any day now the Italian government is expected to show its hand on gambling.
In a move viewed by many in the sector as the latest evidence of a shift towards the liberalisation of gambling in Europe, Rome will award new gaming licences to a range of national and international companies vying for the chance to run betting shops, kiosks, casinos and online services.
The closely watched decision comes as governments, which have traditionally viewed gambling as an activity on the margins of acceptablity, are taking a closer interest in the sector because of the wider access to gaming brought about by advances in technology. With the Spanish regions poised to follow Italy in licensing online and onshore gaming, and a critical decision in Germany also expected imminently, operators are increasingly bullish about the prospects of attracting new customers in undeveloped markets.
Europe’s €50bn ($65bn) betting market has become even more critical to the sector since the end of September when the US shut its doors to online gaming and arrested UK executives connected with what was far and away the fastest-growing part of the industry.
The entire online gaming industry, which saw its value plunge by more than half virtually overnight after the US tightened its laws on online gaming, is now regrouping around Europe with new games offered in a variety of languages.
Yerevan, Armenia platform and white label provider, Digitain has inked a deal to include 1x2 Network's virtual sports, slots, and table games in their product offering alongside well-known names such as Microgaming, Betsoft, Playson, and Evolution Gaming.
The deal will see 1x2 Network's entire portfolio become available to Digitain's B2B customers for multi-channel distribution on the Digitain Gaming Platform that offers operators plug-in Casino and Sportsbook modules.
L&L Europe Ltd, purveyors of about a dozen online casinos focused on localized markets, is getting ready to launch Fun Casino in the near future. Not much is known about the casino yet other than that it will be multi-currency, multilingual, and will feature tournaments.
Localized Casinos in Europe and Nordic Region
The Maltese company currently operates several casinos that embody a certain look and feel relative to their target markets.
One of the issues that we run into in the online gambling world is that there are no unified standards. It can be difficult enough to get politicians in a single country to agree on rules and regulations, so it's easy to see how it's nearly impossible get multiple countries to come together. However, that's exactly what's happening in February 2016 with a new European Online Dispute Resolution platform that will be called ODR for short.