Regulations for online gambling operators
With the recent growth of the online gambling industry in europe, online casino operators are now under pressure to commit to the recent licensing jurisdictions as the stress on proper regulation increases following the recent presentations at EiG (European iGaming) Expo in Barcelona.
As online gamblers and operator’s battle through legal complexities in the US, competition across Europe is great as operators are paying more attention to this blossoming region. The need for acceptable standards and licensing have never been stronger, says Andrew Beveridge, CEO of eCOGRA (eCommerce and Online Gaming Regulation and Assurance).
The “white list” has been published in the UK and is leading the way forward, and is providing inspiration for online gambling companies to comply with the licensing jurisdictions. And as an independent online gambling regulator eCOGRA have provided a working stage for the jurisdictions.
eCOGRA has invested over $3 million to lay the groundwork for most jurisdictional requirements including the areas of game fairness, customer service, responsible gambling, management integrity, operational efficiency and accounting best practice.
“We’re aware that there are inter-nation and perhaps political difficulties in reaching a harmonized form of detailed international standards and regulations among national licensing jurisdictions,” said Beveridge at the Barcelona conference.
“But the main prize is surely a safe and fair online gambling environment for the players? That is our goal in promoting practical standards on which we can all agree and the inspection and monitoring necessary to ensure compliance.”
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