EiG...Online Gambling Top Execs Speak Out
Published: Thursday, September 17, 2009 Online-Casinos.com
Copenhagen's Bella Centre is humming with the buzz of advise from the world's top executives involved with online gambling in all it's various forms. The European i-Gaming Congress and Expo is proving to be an event that is providing real answers to everyone with any sort of question regarding the operation of or investment in web based gambling.
Some of the most experienced and respected senior members in the business are sharing their wisdom at the EiG Congress.
A full house attended the day two discussions featuring no less than seven of the industry's movers and shakers. They spoke in very positive terms about the potential of the online casino business. CEO of 888.com, Gigi Levy, said that of the $350 billion dollar gambling industry only 8 percent is derived from online activities. Assuring everyone listening there is still lots of room for future expansion.
Besides Mr. Levy, Unibet's Petter Nylander, Bwin's Norbert Teufelberger, William Hill Online's, Henry Birch, Betfair's David Yu, the MD of Ladbrokes eGaming, Ed Andrewes, and Party Gaming, CEO, Jim Ryan, all shared a similar concerns about the legal and regulatory developments that have come about lately.
Mr.Levy commented, "Regulation, and in particular the recent European Court of Justice verdict, is the big thing facing us," adding, "It is the one thing that could change the industry altogether on the European side."
Bwin's head Norbert Teufelberger remained optimistic about Europe regulations, regarding the recent decision by the ECJ. Commenting that markets could open up in two to three years. "This will benefit local operators too, and will create a very tough time for the pirates" It looks like most of these executives are on the same page when it comes to the US market all were either actively seeking business relations with potential US operators or were at least considering partnerships.
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