23/11/06 Yogonet.com
European Commission sheds significant light on the gambling market of the EU

A major study undertaken by the European Commission, that was completed in October 2006, sheds significant light on the gambling market of the EU. It assures that the growth potential of this industry is huge. The main findings of the study reveal that gambling amounts to 3% of total EU GDP and is set to rise further as US operators focus on European opportunity.

Following 2003 when more than 51 billion euros was generated through gambling (45% lotteries and 17% betting) the European mobile gambling industry is set to explode in 2007.

Speaking at this months Bullet Business 2nd annual Poker Summit Lee Richardson, CEO, Chartwell Games highlights just one of the regulatory trends and opportunities within Europe: “The current drive towards licensing in Italy will offer new international operators substantial retail and online betting and gaming opportunities in a strong growth market; we are very excited by the new possibilities in what has always been a key area of growth for Chartwell’s clients”.