When it comes to online and mobile gambling, Europe is way ahead of other geographic regions, the Financial Times outlined on Saturday. UK operators have benefited most:
“Firms based in the UK have long benefited from not being as tightly regulated as elsewhere in the world. In some countries, such as China and India, bans on online gambling have pushed the practice underground, creating multibillion-dollar black markets for wagers. Other major markets, such as Germany, enforce strict restrictions.”
In the same FT article, Paddy Power Betfair’s outgoing CEO Breon Corcoran remarked that his company has no intention to re-enter grey markets (such as – currently – the Netherlands). “Ultimately, there is a question about sustainability in grey markets,” Corcoran said.