Emerging Online Gambling Markets Discussed at Summit

Published Thursday, February 07, 2013 - Online-Casinos.com

The 7th Legal Gaming in Europe Summit just finished this February 4th and 5th 2013 in London England. Its impact will be felt but maybe not for long as the laws in Europe continue to change and adjust to new trends in gambling in different jurisdictions.

Anyone who is attempting to be a part of the online gambling industry in Europe knows that the need to understand the legal climate in Europe is paramount for success. Delegates were not disappointed at the conference which touched all the hot button topics and made significant progress in unraveling the maze of future and past legal hurdles in Europe. The peaking of interest in the European Union gambling market place has moved many operators to venture into emerging markets such as Latin America and the far east.

While the need for a harmonized platform for regulations within the E.U. is apparent and the European Commission has been talking about there has been little solid progress in the implementation of a platform. There is still discussion but as the refrain continues to be the same old talk the system seems bogged down by the usual let’s wait and see approach. The conference and summit is in its seventh year and offered only legal discussion and debate with no selling or commerce to distract from the main goal of enlightening attendees on legal issues in Europe.

The legal ramifications of the situation in Germany were also on the floor. Germany presents a unique issue within the Union where there are two different regulatory bodies in one country. While the European Commission has not insisted on E.U. legislation it has however stated its intent with a number of initiatives. Those include, enforcing compliance of national regulatory frameworks with EU law; enhancing supervision, administrative cooperation among member states and efficient enforcement; protecting consumers and citizens, minors and vulnerable persons; preventing fraud and money laundering; and safeguarding the integrity of sports and preventing match-fixing.

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