New Online Gambling Regulations Causing Operators Stress

Published Friday, June 02, 2017 - Online-Casinos.com
New Online Gambling Regulations Causing Operators Stress

The online gambling industry is a worldwide business with many different jurisdictions and rules which affect its development. The new regulations imposed by Australia and the Netherlands have created a crisis of sorts for the operators who have decided to exit those areas and comply with the regulators.

The Netherlands for example has been an attractive destination for online gambling operators responding to the demand for this kind of offering from a local market. The recently imposed  regulations basically prohibited online gambling without a license from the Kansspelautoriteit effectively closing off access to international suppliers.  

The same situation is presented in the Australian online betting market where the government voted for proposed amendments to the Interactive Gambling Act 2001. A recent announcement that GIG will be leaving the Australian market after the decision comes as no surprise to industry leaders. By the time the new regulations come into play it will be hard if not impossible for offshore operators to apply for an online gambling license and actually get one. Unlicensed online casino and poker operations will become illegal in the jurisdiction. GIG announced prior to the implementation of the new regulations that Guts, Betspin, Rizk, Thrills, Kaboo, and SuperLenny brands are not available to Australian players as of May15th 2017.

Other reputable online gambling service providers have also left the Australian market place before the new regulations come into effect. Vera&John left the local market late last year, and 888poker followed suit leaving the punter in Australia looking for alternatives. Another Gibraltar-licensed  operator 32Red also exited Australia after Australian MPs approved the Interactive Gambling Amendment Bill 2016. It is certain that the domino effect will be witnessed as many other gambling service providers find complying with harsh restriction and expensive regulations imposed by jurisdictions in Europe and elsewhere becomes to arduous. The online gambling public is left with less choice and more risk.

 

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