Setting the Stage for Online Casinos
The international online casino gambling industry is a growing and ever-changing
environment. There are several key licensing jurisdictions for the industry and
these four key licensing jurisdictions handle licensing for most of the global
internet gambling industry. Essentially, Alderney, the Isle of Man, Gibraltar,
and the UK Gambling Commission have set the standards for the online casinos.
These jurisdictions have the power to investigate the back-end preparedness of
gambling companies before they even hit the market. Licensing can also play a
key role in the legality of sites operating in certain regions. As far as the
three jurisdictions are concerned, they are the top choices in the industry and
all have similar standards. Most recently though, Alderney has actually begun to
raise the bar.
The Alderney Gambling Commission recently decided to update the Commission’s
licensing standards with the help of other industry companies as well as the
input of the online casinos themselves. The idea is to create a strong
regulatory framework for the licensing of sites that will guarantee that the
sites perform well and that the gamblers are protected as much as possible. The
European Sports Network, Eurosport, chose Alderney for its licensing
jurisdiction; this action shows that the company has a lot of faith in the
strength of Alderney’s licensing and controls system. The decision will have the
sports network launching into the online casino gambling industry with strong
backing and respect.
Eurosport has the potential to be a really huge online casino gambling market
and Alderney is certainly one of the best choices for licensing and for
assistance as the sports network not only launches further into Europe, but into
Asia and other emerging networks as well. |