POLISH INTEREST IN ONLINE GAMBLING CONFIRMED
2 May 2008
Business journal reports factors that influenced
the move to legalise
The Warsaw Business Journal has confirmed last week's
news that the Polish government is about to take a more
pragmatic and positive view on the regulation of online
gambling (see previous InfoPowa report)
The Journal confirms that Deputy Finance Minister Jacek
Kapica has intimated that the government plans to
legalise online gambling by the end of the (2008) year,
a radical change in direction from the position taken by
the previous conservative Law and Justice (PiS)
government, which ruled against online betting after
Ministry of Finance analysts argued that the cost to the
state would be too great.
The analysts claimed that any budget revenues from
online gambling would be lower than expected, whereas
the cost of regulating the industry would be high.
However, according to Merrill Lynch estimates, gross
online gambling revenues could reach as high as US$48 (z
.106) billion by 2010, making it an extremely lucrative
business.
Minister Kapica had previously opined: "We cannot
control this process anyway and it is better that the
Budget at least derives some revenue from it."
In speculating on the issue, the Polish press has
suggested that the government's change of heart was
influenced by last year's European Court of Justice
ruling that Italy may not use criminal law to ban fellow
EU member states-based online gambling companies from
attracting Italian players.
Online Casino News courtesy of
InfoPowa
More news here.
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