Like all the spheres of online business, e-gambling can’t boast a long history. The entire industry is just about 20 years old. And still, it is older than the universal European currency known as the Euro. As you, probably, remember, the Euro was established in 1999, but the first real physical coins and banknotes were issued in 2002 only. Meanwhile, the first digital casino in Europe was opened in the mid-1990s.
Of course, these first casinos had little in common with modern multi-functional gambling platforms. They were virtually not regulated, as the proper regulatory bodies and auditors simply didn’t exist. But the situation was rapidly changing along with the growth of the online gaming segment. By 2005, the total value of the online gaming market was estimated at approximately 12 billion euros. And the largest share of this huge market falls to Europe.
As soon as the Euro was adopted in the territory of the European Union, e-casinos began accepting this currency as well. As of now, the Euro is in circulation in 19 European countries (the so-called Eurozone). Most virtual casinos available in these countries are licensed by one and the five regulatory bodies. Their jurisdictions are as follows:
You must be aware of the fact that some European countries do not accept euros. They use only their national currencies instead. The list of such countries includes the UK, Denmark, Hungary, Poland, Romania, and some others. But does it mean that you can’t play in the casinos of these countries if your currency is the Euro? Of course, no. Today, there are a lot of methods of currency exchange that are available online. They are exchange stocks and other exchange services, as well as built-in exchangers in many electronic payment systems. After all, you can use exchange the currency in the bank or any official exchange office. However, we do not recommend doing it without the need for at least two reasons:
The best approach is to play in the currency you have. If you live in a country where the Euro is in circulation, select the casinos where euros are accepted. It shouldn’t be a problem, as more and more such casinos appear. Even despite rather severe restrictions in the legislation of some countries, the European gaming market is still the largest in the world.
With plenty of casinos available, choosing the best one is always a challenge if you don’t know what criteria to rely on. Certainly, the game selection and the software used are important aspects. But if you are looking for the best option for a particular currency, then you need to consider some other things as well.
Other things to consider are the speed of withdrawing and depositing, fees charged by the casino (or the absence of fees), the lower and the upper limits of depositing and withdrawal. If you are lucky to find a casino with the most favorable conditions, good bonuses, and a great selection of games, the problem of choice is resolved.
As of today, the European segment of the online gaming industry is rapidly developing. And there is every reason to believe that the trend will hold. Even despite certain restrictions introduced in some countries, virtual gambling is allowed in most Eurozone states. It means that the number of Euro casinos will only grow in the long-term perspective.
The hottest trend of the last years is mobile gambling. This is true for Euro casinos as well. People use portable devices for various types of entertainments, including playing casino games. It makes it possible to play during business trips around Europe. This is another reason why the Euro is so popular with casino players. It is a universal currency that can be used for playing in numerous casinos in multiple European countries, even in trips.
Euro casinos are in a high demand in the territory of Eurozone. This is evidenced by the number of customers of these casinos and the number of languages supported. Players from Poland, Romania, Spain, Czech Republic, and 15 other states regularly open accounts in Euro casinos, deposit and withdraw euros. Experts say, in the nearest future, the number of Euro casinos will continue to grow.