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United Kingdom Works to Regulate Online Gambling Industry

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United Kingdom Works to Regulate Online Gambling Industry

Postby Admin » Sat Jul 29, 2017 9:25 pm

Britain and representatives from 32 other countries gather to regulate the gambling industry

The British government has released its long anticipated plans to make the online gambling industry regulated and controlled; they also said how they oppose the American ban on online gambling.

As part of the plan they announced that any casino that is caught taking bets from any country that has outlawed online gambling will not have its executives protected from extradition to suffer the penalties of those countries.

The plans were unveiled at the Ascot racetrack just west of London in front of 32 delegates from around the world. The purpose for the summit is to come to an agreement on the outline of how the regulation will work to protect against underage gambling, to lessen the risk of gambling addiction and to help protect the consumers.

The USA did not attend the conference feeling that there was no need since they have just banned all online gambling in September.

Many in the industry do not agree with the American online casino, sportsbook and poker room ban, feeling that by prohibiting the industry it just pushes it further underground and make it easier for criminals to operate in the industry.

The issue has been brought to the WTO by several gambling groups from Antigua, and Britain said it was sympathetic to the complaint but did not say they would back the complaint that the American government was acting in a protectionist manner.

The WTO is expected to make its ruling in 2007.

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