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Europe calls for a suitable institutional framework for the gaming markets

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  • Hans-Günther Vieweg

Abstract

The gaming market in Europe currently stands at the crossroads, and also in Germany this could lead to new structures with at least a partial market opening in the coming years. This article looks at the risks that result for Germany from the primarily reactive behaviour of legislators to the gaming market. The assumption is that there will be a gradual opening of the market for gambling and gaming in the coming years to which the institutional framework must be adjusted. Countries that quickly create a legal framework in accord with EU law will have reliable conditions that can be used for the creation of an attractive European offer in this area. There is the danger that gamblers in Germany will increasingly turn to foreign providers, where oversight is more difficult. Such a development is not only questionable in terms of the economic success of game providers but also because of the consequences for the economic order. The creation of institutional conditions that are less legally questionable in term of European law than the current German regulations offers an opportunity, which in Vieweg's opinion, should be acted on politically.

Suggested Citation

  • Hans-Günther Vieweg, 2008. "Europe calls for a suitable institutional framework for the gaming markets," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 61(18), pages 25-30, September.
  • Handle: RePEc:ces:ifosdt:v:61:y:2008:i:18:p:25-30
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    References listed on IDEAS

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    1. Douglas M. Walker, 2007. "The Economics of Casino Gambling," Springer Books, Springer, number 978-3-540-35104-7, January.
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    JEL classification:

    • L82 - Industrial Organization - - Industry Studies: Services - - - Entertainment; Media

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