European Operators Need a Harmonized Regulatory Mechanism

3 October 2012 – By Linda Jefferson

150€ Bonus from 888 Casino!
The most recommended
888 online casino on Internet

http://www.888.com

The Communication and Action Plan on online gambling is scheduled to be released later this month by the European Commission (EC). Before taking action with this plan, the European Gaming and Betting Association (EGBA) has iterated the need for a common regulatory mechanism in an attempt to pressurize the Commission into preparing a more cohesive and player-protective action plan that ensures a crime free environment throughout Europe. Currently there are 27 min-markets for online gambling in Europe and there is a need for the introduction of European rules that afforded open, fair and transparent licensing conditions for European Union regulated operators.

Some members of EGBA have made some complaints with the EC against new German gambling regime based on grounds of its incompatibility with the EU treaty. The German states were in the process of allocating licenses based on highly contentious tendering procedure and the EGBA has collected evidence to demonstrate that this procedure is not an open, fair and transparent Europe-wide call for bids. Though Germany is a critical case, the situation is worsening in a number of jurisdictions. In several countries, the local authorities are proceeding with legislation that is easily highly questionable under EU law. In order to stop the procedures of certain Member States, the EC has to reactivate the dormant cases in a time bound frame work and has to take rapid action against new offenders.

The ultimate solution to this problem, in EGBA’s opinion, consists in an overarching EU legislation for online gambling. In this case, the legislation will have to regulate both market access and consumer protection issues. The European Committee for Standardization has published in 2011 the common consumer protection standards that have been largely agreed upon by online casino operators and regulators in different workshops. All these consumer protection standards will have to be incorporated along with common technical standards and reporting tools and common licensing requirements. The online casino industry in the European Union is set to grow from €8.5 billion in 2010 to €13 billion in 2015, figures that should attract the Commission’s attention on the problems they are facing with.

Latest Casino News

Two years and going strong! The summit of igaming in Malta has gained a lot of traction since it kicked off in 2014, with big gaming operators joining  more...
Blackjack bonuses can be very advantageous to you, if you take the time to seek around and look for them.  more...
Getting some extra money to use for video poker will let you to try out some of new games and increase your winning possibilities.  more...
This is a great time for you to do some hunting around to see what bonuses the online casinos offer during the upcoming Christmas season.  more...
Christmas time is a great time of the year for getting some amazing bonuses and increase of your chances of winning.  more...
Microgaming has just released a new racing themed online casino game that will surely please all the players in need for speed  more...
Online gambling developer Microgaming is getting ready for Christmas time with a new themed game and great jackpots  more...
The online gambling giant 888 Casinos has just released several exciting new and special offers for their passionate online casino players  more...
Casino bonus whoring is applied to players who goes from site to site using up all the bonuses they are allowed then move onto the next casino.  more...
Online casinos have lower operating costs and they offer extremely lucrative and rewarding bonuses to entice you to become a member with them.  more...
            
Newsletter Subscribe
Register to our newsletter and receive casino news and bonuses!
Name:
E-mail:
Mansion Casino
Our Certificates
      
       
//http://blockadblock.com/blockadblock_basic_script.php