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1
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- Internet Gambling Regulation
- By:
- Steve Toneguzzo
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2
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- CAN regulate the activity: gambling.
- Can NOT regulate the medium: Internet.
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3
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- Probity of operator key staff, owners, suppliers and regulator.
- Assessment of applicant’s capability and capacity to establish and
operate an Internet Gambling System.
- Compliance testing and inspection of technology, environment, security and
operations against published internal control objectives (technical and
operational).
- Government requirement for ongoing access to data.
- Must pay a fee and/or tax.
- All major risks CAN be mitigated to an acceptable level : “Regulated
Risk Management”
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4
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- If you want to know how:
- Talk to Andre or John from the AGCC, or
- Read Chapter 9 of the 7th Edition of the “Internet Gambling
Report”, or
- Goto www.GGS-UK.Com to download some papers on the subject.
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5
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6
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- Bricks require location
- Regulation is mandatory
- Clicks require reputation
- Regulation is voluntary
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7
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- Internet Gaming Regulation is not a sovereign right of governments.
- The Global Economy is a trust economy.
- Regulation is a marketing option,
based on a voluntary business decision, that regulation as a facilitator
of trust will create barriers to entry and increased market share.
- Consumers spend with brands they trust.
- It follows that where a corporate brand is stronger than a government
“brand”…the corporate will prevail!
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8
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9
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- Unless you have a strong established and trusted regulatory brand, OR
- You control physical assets of your licensees (e.g. Casino and must have
competition) that you can use as leverage, OR
- You put in place reciprocal agreements with other regulators, THEN
- Regardless of how good your regulation is on paper, you will be at the
mercy of your licensees.
- The quality of your licensees matter, because unless they are prepared
to respect your regulatory framework, the fact that you CAN regulate
Internet Gambling may be irrelevant.
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10
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11
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12
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Notes
