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European Regulators Hold Brainstorming Sessions in France; Spain Next

Online casino prime regulators in Europe particularly from Italy, Spain, Portugal, France and the U.K. met in Paris for an informal meeting last December 11 and 12. These industry key players talked about matters pertaining to Internet wagering in the European jurisdictions. According to the French Regulatory Authority, the purpose of the talk was primarily to illuminate the European and the national perspectives of the online gambling industry. It was because there was a consensus that there will be a greater risk in security with these activities.

Good news though that almost all participants have agreed that there must be unification of frameworks and enhanced communication so that the industry will be successfully regulated and that the sites like should be supported. Although all prime operators agreed that there is really an increased risk, they took it as a sign that something must be done to at least minimize it. As a result, they resorted to coming up with an agreement that they have to optimize exchanges. They believed that it is not impossible to do. Doing so will allow them to run the European online casino industry in such a way that it will benefit the majority.

This informal discussion opened the opportunity for the other regulatory bodies to bring up their concerns. Among the targets were the other regulatory agencies that came up with their own framework that obviously did not comply with the EU laws. ARJEL, the French regulator ensured that the contributions from the German delegates as well as the UK Gambling Commission were also accommodated and acknowledged. Problems were tackled like France’s casino online regulators that taxed the licensed operators too much, which eventually led to their exit leaving ARJEL with lessened revenues. In addition to this is Germany’s Interstate treaty involving Internet gambling that operators find unreasonable.  Although there has been no final plan yet, these regulators agreed to continue their brainstorming sessions that will be held next in Spain.

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