NEW SYSTEM FOR ONLINE CASINO REGULATOR
10 July 2009
B2C and B2B to be split in licensing process
The Alderney Gambling Control Commission has unveiled
details of its new online gambling licensing framework,
using the Gaming Executive Summit in Madrid this week as
its platform.
The new licensing framework
separates the licensing process into two distinct areas,
i.e. the entity having a relationship with the player
(B2C) and the entity effecting gambling on its gambling
platform (B2B). These will now require separate licences,
thus allowing the AGCC to tailor licences to the
specific focus of each gaming company that applies.
AGCC Chief Executive, Andre Wilsenach commented: "We
conducted a detailed study of the industry and the
regulatory landscape, both of which are changing very
rapidly, and we felt it timely to take a fresh look at
our licensing framework.
"There were several key
developments which influenced our thinking:
*
firstly the emergence of new regulations and licensing
regimes in Europe and further afield – a trend we can
only see increasing;
* secondly, the entry to
market of media companies who are new players in the
eGambling industry.
"We are also seeing
increasing numbers of specialist service providers and a
growth in network gaming. All of this calls for a new
approach to deal with the technical requirements and
business models in evidence. We were also keen to
strengthen our regulatory oversight on games and
services not necessarily delivered from our jurisdiction
in order to provide a high level of robust player
protections."
Robin Le Prevost, the Head of
E-Commerce Development on Alderney said "I believe that
what we have created has the ability to change the way
online gambling regulation is conducted in the future.
We have taken a fresh look at how the business is
conducted and developed a model which sits comfortably
with the varied and changing requirements of players,
other jurisdictions and the industry.
"With our
telecommunication and technical resources, a favourable
tax structure and now a regulatory framework for the
21st century we look forward to welcoming many more of
the world's leading operators and service providers to
Alderney."
More detail is available at
www.gamblingcontrol.org
Online Casino News Courtesy of
Infopowa
More news here.
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