A meeting of online gambling industry representatives and European Union (EU) parliamentary members was held recently. The agenda was to find solutions for the many issues faced by the online gambling industry.
A fragmented regulatory approach
Online gambling is encountering serious troubles because of a fragmented regulatory approach. The troubles arise because each of the member states in Europe wants to have the power to decide how each of them should regulate the online gambling industry of their states.
Creutzmann, a German liberal Member of European Parliament (MEP), emphasized that the individual member states should not be stopped from enacting rules and regulations that would suit the national interest of each state. He also said that the member states should have the authority to decide how to suitably regulate online gambling themselves.
However, he also remarked that the national regulators have the obligation to let the others know about their policies. They should also communicate with each other if there are any instances of fraud. Creutzmann is responsible for drawing up the response of European Parliament to Green Paper consultation initiative.
An EU-wide framework sought
Steffano Mallia, who will formulate the response of European Economic and Social Committee to Green Paper, said that he wants the member states to have an EU-wide framework which will offer protection for consumers. He also suggested that it will be expedient to have an acceptable and safe list of operators who are properly licensed. He emphasized that there are many economic benefits of regulated online gambling. He also suggested that strict enforcement actions should be taken against illegal operators.
Industry spokespersons were of the opinion that there should be a uniform regulatory initiative across the member states. They said that when operators have to obtain licenses from the regulatory authorities of different nations, the companies are forced to spend a lot of money.
Philippe Vlaemminck from the law firm Altius and Harri Syvesalm, director of sport in Education and Culture department of Finnish Ministry said that the numerous lawsuits in EU courts could be avoided if there is a consistent gambling policy formed by the member states.