Proper regulation is vital for gaming industry survival

June 21st, 2011 by Lucas Pattison | Print

In the not too distant past, some online casinos have come under fire for their apparent lack of regulatory procedures; although the problem is rarely stumbled across nowadays, a new report has stated that the gaming industry must maintain proper regulation if it is to continue to survive…

The latest survey comes courtesy of Malta’s Independent Online News, which has stressed the importance of transparency, fairness and thorough regulation to ensure the perpetuation of the gaming industry as a whole. The report also went on to make note of the various social and economic benefits that a properly regulated online gaming industry can bring to a country. These benefits are thought to include some 800,000 jobs to the Maltese people, making the sports betting sector one of the most successful industries in the country by generating vital revenue for the Maltese government.The research corroborates with previous studies, which have served to show a vital link between online gaming and sports betting services, as well as highlighting the sector as being fundamental to a continued and flourishing economy within the area. The findings of the report have led to the Malta Independent Online News advocating a rigid adherence to the related European Union regulations concerning the matter.The article has been understandably well received by operators within Malta, who were happy to see their work validated in such an official manner. The new report also renewed interest in an earlier paper, entitled Online Gambling in the Internal Market, which showed that an estimated $148 billion a year was lost through illegal gambling activities – these also undermined the trust placed in the industry by potential consumers and are sought to be avoided at all costs.Get playing today with Gaming Supermarket’s free casino cash!

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This entry was posted on Tuesday, June 21st, 2011 at 10:25 am and is filed under Gambling Addiction. You can leave a response, or trackback from your own site.

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