host of operators, regulators and industry observers were in attendance at The Royal Suite of The Chesterfield Mayfair Hotel on December 2 to hear representatives from Alderney, France and Italy along with a panel of legal experts as part of its European iGaming Legislation Debate.
The experts debated the merits of the possible creation of a European Union regulatory framework among the 27 separate jurisdictions versus the advantages of purely state-controlled iGaming regulation. “In the current state of discussions and European Union law, 27 member states have more or less 27 different conceptions of gaming and it’s just as simple as that,” said panellist Momtchil Monov, an associate at Ulys Law Firm.
“When you speak to the Poles, when you speak to the Bulgarians, when you speak to the French, they don’t share the same views. I would say a mutually satisfactory compromise is not that easy. Negotiations are very difficult.”
The debate was chaired by Robin Le Prevost, Head Of eCommerce Development for the island jurisdiction of Alderney, and posed five resolutions to a panel of pro-European legislative harmonisation representatives. The same questions were then asked of a group of experts favouring exclusivity for state-regulated gaming markets. Depending on the panel’s view of the resolution, they were given five minutes to either argue an affirmative or negative point of view on the resolution posed.
“It’s clear that regulatory change will possibly be the greatest influence on shaping the online gaming sector over the next few years,” said Leigh Nissim, Commercial Director for Gtech G2. “This is why we decided to host this seminar on the topic of regulation. As a highly regulated entity with over 200 gaming licences worldwide, Gtech embraces these changes and we’re keen to work with our customers to maximise the opportunities that that regulation presents.”
Gtech G2 stated that it would be holding its next seminar later this year with details to be announced soon. “The purpose of this debate was not to resolve issues but to open our eyes to both sides of the argument and I think we did a great job on opening up our eyes to both the state-controlled initiatives and the European Union-wide regulatory initiatives,” said event moderator Michael Caselli from iGaming Business.