While the ongoing liberalization of individual European markets has gambling operators positively giddy with anticipation, here’s a sobering sum: according to a Bwin exec, setting up operations that comply with each jurisdiction’s regulatory environment could be as high as (cue Dr. Evil voice) one million, er, one billion Euros. Worse, as one German consultant asks, “Are we really getting more bettors, or are we going to get the same clients as before, but now we have to pay taxes on them?” Read more.
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