(PRWEB) October 30, 2009
Europe's leading gambling operators have signed up to the 4th Annual Legal Gaming in Europe Conference to discuss the gambling industries biggest obstacle to growth - regulation.
The event is proving to be very timely as gambling regulation is still hot on the agenda for operators.
"The big issue for the industry is regulation. Regulation, and in particular the recent ECJ verdict against Bwin (ECJ Case C-42/07), is the big thing facing us. It is the one thing that could change the industry altogether on the European side," Gigi Levy, CEO, 888.com.
With the gambling industry acknowledging that regulation is still holding back growth and no sign of the European Commission making significant changes the industry is now looking at each jurisdiction to see what they plan to do next with their gambling regulations.
The industry has also seen a rise in the number of cases referred to the ECJ and with cases such as the Bwin Liga Case (ECJ Case C-42/07) being a set back for the industry there appears to be a certain amount of doom and gloom around when discussing regulation. Well this is not always the case with the industry fighting back strong against state monopolies; Ladbrokes recent victories against Svenska Spel and Danska Spil in overturning similar lawsuits against trademark infringements as a couple of good examples.
Ben Satchwell, Conference Director at Bullet Business, says, "The European Commission appears not to be interested in regulating the European Gambling industry. This has left a void that each country is looking to fill by implementing their own regulations. Now we are seeing jurisdictions left with problems in establishing which is the correct licensing model to adopt, taxation system to implement, ensure commitment to responsible gaming etc. Operators are also realising that it is not only the regulation they have to consider but you also have cultural challenges to face across the various European countries they currently operate in. It is safe to safe the legal environment is still one of the largest challenges preventing the gambling from fulfilling its promise. The Legal Gaming in Europe Conference will once again be uniting regulators, associations and operators for a couple of days to discuss how the industry can move forward together."
Great benefits from attending the Legal Gaming in Europe Conference include 14+ hours of networking, working group discussions, networking cocktail party at the end of day one and more! For more information on the summit go to http://www.bulletbusiness.com/info/18
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