Online Gambling gets support from EU Commissioner
Online gambling has found a great and solid support from
someone in the high places, a European Union commissioner. It has
been known that the European Union has been strongly rooting for the
empowerment of online gambling. The support comes from their
sincere belief that online gambling has been contributing more
positive economic points. The moral angle is still debatable, but in
a businessman's POV, it's one of the better endeavors to go into.
Since a U.S. law has prohibited financial institutions, local
banks and processors alike, to process transactions from online
gambling sites, owners of online gambling have declared a
considerable loss of profit and some have even declared bankruptcy.
EU commissioner Peter Mandelson came to Washington a few days ago
to repeal the law. Main motivation for this appeal is that European
online casinos have suffered and lost much since the U.S. is a big
source for online casino players. There have been also appeals
forwarded to the World Trade Organization in order to pose sanctions
for being deliberately kicked out of the U.S. market.
The battle for preserving online gambling still has a long, long
way to go. Even if protests and high-powered personalities make
appeals, thing is, there's already a law being implemented against
online gambling. Unfortunate as it may seem, it will a lot
more than wishing and hoping for online gambling to be
accepted with open arms.