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October 26, 2012

Legislation For Online Gaming In EU Moves Forward

Filed under: Casino — Tags: , — OCE News @ 4:17 am

Online casino players in Europe are poised to take advantage of the European Gaming and Betting Association’s (EGBA) call once again, for the requirement and dire need of a regulatory mechanism for operations of online casinos within the European Union. The European Commission is expected to release a Communication and Action Plan when it comes to online gaming, and a call for this regulatory mechanism is surprisingly preceding the EC’s schedule. The reason is that the EGBA is trying to pressure the European Commission into creating a more protected and cohesive plan to protect players throughout Europe. This way, they are guaranteed of a crime free gaming opportunity for all. The Secretary-General of EGBA was less than impressed with the current situation, because there are currently 27 many markets available for online gambling throughout Europe. The Secretary-General stood up and demanded European rules be implemented, there provided every player fair, transparent and open licensing conditions, for all EU regulated operators. This ensured the maximum protection for every European player.

The EGBA has focused most of its attention on the current situation in Germany, because the German gambling administration is currently incompatible with the European Union treaties. In June, the European Parliament stated a very clear commitment to make sure that every country in the European Union conformed to the EU treaty when it came to online gaming. This is extremely important, because German states were currently providing licenses based on a procedure that was extremely contentious. The EGBA also discovered evidence that the Germans tendering procedure neither was not fair, open nor was it transparent for European bids. Although Germany is considered critical, the situation is increasingly growing dire in a variety of jurisdictions throughout the European Union. Many countries are going ahead with questionable legislation in order to open online casinos.

The European Commission has called for reactivation of a variety of drug cases, in order to take action against any offender in the member states, ensuring that they are unable to move forward with impunity. There are currently nine different infringement procedures that have been placed on hold, and there are innumerable new complaints coming in. The solution to these problems is advanced European Union legislation covering online gambling for every member of the union. This type of legislation is already in existence for nearly every other online service, and the legislation is anticipating regulation of both consumer protection issues as well as market accesses. Consumer protection standards have already been agreed upon; they just need to be put into effect. These standards require incorporation along with a variety of technical standards, licensing requirements and tools for reporting, to make sure that all of the standards have been met, and customers as well as businesses are protected when it comes to online gaming. This is an extensive industry that is anticipated to grow more than €4.5 billion in the next 3 to 4 years, and it simply cannot be ignored any longer. It is time for the European Union to stand up and create the regulations it needs to protect its citizens as well as the online gaming corporations that currently function as well as those in the future in Europe.

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