Ahead of the company's exhibition at ICE London 2022, Gaming Laboratories International’s Managing Director for EMEA, Martin Britton, talked with Yogonet about GLI’s plans and expectations for the event. He also shared a brief summary and review of GLI’s recent Annual Regulators Roundtable event, which was held on March 16-17. Furthermore, the executive shared his views on the challenges igaming regulators can expect to face in emerging markets like the US amid the advancement of technology such as blockchain and NFTs.
In regards to GLI’s participation at ICE London, which will be held April 12-14 at ExCeL London, Britton said that the company’s team will be on-site and speaking to attendees about its suite of Integrated Compliance Solutions, which provides companies the tools they need to comply with regulatory and technical obligations. “GLI’s experts are here to help every step of the way, for both established operators and up-and-coming enterprises who may be new to the industry,” he added. GLI will showcase at Stand N3-210.
Additionally, Vice President, Latin America & Caribbean Karen Sierra-Hughes will speak at the World Regulatory Briefing panel “Shared Experience: New markets” at ICE VOX in partnership with IMGL on April 11 at 1:35 p.m. (GMT) at the Capital Suite, ExCel London. On April 13 she will also moderate a panel at ICE LatAm Master Class, “Regulator panel: Discover which LatAm market can meet the demands of your business” at 2:50 p.m. Also, at 4:50 p.m., she will speak on “Shared Experience: Does controlling the number of licenses issued fight industry threats or is it just threatening free trade?”.
On March 16-17, GLI hosted its 22 annual regulators roundtable, to discuss the future of gaming, with nearly 250 regulators from across North America and the Caribbean and one from the UAE in attendance. During the conference, regulators heard from the industry’s leading experts on a broad range of topics concerning new technologies, from cryptocurrencies and NFTs to cybersecurity and everything in between.
“The overarching key takeaway is regulators are ready,” Britton stated. “After the last two years of dealing with COVID-related closures and subsequent re-openings, while at the same time embracing new technologies and positioning their jurisdictions for the future, regulators have performed heroically, and it has been and continues to be our honor to walk alongside them toward the future.”
With an eye to the future, and with the sports betting momentum in emerging markets like the US, as well as new uses derived from blockchain, NFTs, and immersive technologies, igaming regulator may have multiple challenges ahead, which according to the executive can be summarized in two broad categories: acceptance and security. “Regulators and their lawmakers will have to consider the pros and cons of blockchain and NFTs and will have to decide how best to integrate these new technologies into hallmarks of gaming regulation like know your customer, responsible gaming, and more. Of course, any technology comes with cybersecurity risks, and it is important that regulators, suppliers, and operators be consistently vigilant in pursuing the highest possible levels of cybersecurity,” he concluded.