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Preventing Excessive Regulation

The opening of the French online casino gambling industry is really quite exciting for so many internet gambling companies that have previously protested the restrictive French legislation that created a veritable state internet gambling monopoly. The government decided to open the French market to foreign competition as of Spring 2010; as the government plans new regulations that will govern the industry, foreign online casinos and internet gambling companies are making moves to show the French authorities that heavy handed legislation is not needed – the internet gambling industry does have the ability and desire to self-regulate to a large extent.

The government is there to provide the framework for a safe and honest online casino gambling market, it’s the internet gambling companies themselves though that have to have the impetus to practice responsible gaming if there is any hope of a modicum of self-governance. An online media group, Geste, has announced the implementation of two new charters for the internet casino gambling industry that are designed to give the internet gambling companies a say-so in their responsible gambling measures. The charters are also designed to show the French government that the online casinos themselves do not want to be silent – they feel they should have some input as the new French gaming regulations are developed and passed.

The two charters govern polices and actions at the online casinos and internet gambling groups and state that, one, gaming sites must have technology and policies in place for the thorough identification of underage gamblers. The second charter targets the bonuses and incentive offers at so many internet gambling companies – French licensed operators must agree to offer only moderate and honest offers.