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Wednesday 25th October 2006
Dublin-based gambling company Paddy Power has revealed that it is considering the launch of a new casino in Ireland, as well as the introduction of gaming websites in Italy, Spain and Poland.
The move into continental Europe comes as European governments come under intensifying pressure to open their gambling industries to foreign companies, following investigations from the European Commission. Earlier this month the European Union advised France, Italy and Austria to open up gambling to foreign companies in a bid to boost competition.
Paddy Power, which operates mainly in Ireland and the UK, is seeking potential new markets after starting a German-language website in April. The Company’s chief executive officer Patrick Kennedy said.
'We are looking at the possibility of introducing other European-language websites. The ones we've looked at in the last three or six months have been Spain and Poland.'
Mr Kennedy also confirmed that the company is considering moving into the Italian market and could have a presence there within three years. Italy is already in the midst of opening up its gaming industry to private organisations by licensing more sports betting and horse racing shops, and remote gaming via Internet and telephone.
Source: OnlineCasinoNews
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