The fundamental concept of any online business, is that business can take place on a global scale, and this concept applies to online gambling. This type of business without borders is also a model that is intrinsic to the freedom of trade principles adopted by law-makers of the European Union (EU). However, when it comes down to online gambling and EU free trade principles, many EU countries still practice monopolistic approaches. This is frowned upon by the EU.
Now Dr Christos Dimitriadis – Intralot’s Head of Information Security has spoken at a Berlin conference, and said that “it is inevitable that new types of mobile games that could incorporate gambling features will become legal across the European Union”. Intralot builds lottery systems, terminals, and so on, and has a presence in fifty-five countries globally.
He was a guest speaker at the ISACA Insights World Congress 2013, when he made clear that their firm would be both keen, and able to investigate new business breaks, if the entire EU were to make mobile gambling legal. The gambling sector is currently merging mobile services and the cloud, which is proving to be incredibly popular with punters, and is showing exponential growth with many UK-based operators.
The problem with this form of gambling for EU member countries, is that they are not all on the same page, when it comes down to legalising games of chance that are internet based. As we said in the first paragraph – even though the European Commission has drafted an across-the-board framework for the online gambling industry – member states are being very reluctant to come to the party. It is unfortunate that regulatory changes have to be made country-by-country, but it is what it is.
The belief is that eventually there will be a way in which each member state controls e-gambling. They must play a regulatory role because of the “responsibility” factor. Gambling is believed to be best when it is controlled by law, or otherwise unscrupulous operators are able to take advantage of the public. The problem is that the EU has a great business model to follow in the UK, but don’t seem to be able to apply the lessons learned by the UK into their own situation.
Great Britain is home to the most mature sector of the global online gambling industry, and their legal framework seems to work, although like times, technology changes, and laws should be tweaked to compensate for this change. Mobile gambling in the UK, has hit the ground running in the past couple of years, and consistently appears to be enjoying an exponential growth swing.