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Regulations Riding Line

Regulating the online casino gambling industry is one of those fine line type practices because it seems that no side of the industry is going to be completely happy. The governments interested in regulating gambling are mostly looking for the most opportune way to make money off of the gambling sites and bring that money into the state coffers, while others genuinely take the industry in the spirit of a global industry and regulate so that foreign licensed online casinos are also welcome into their markets. But then, the companies themselves are caught in the midst of these varying regulations from country to country and are in limbo as to how to accommodate all of the different requirements and taxes.

Belgium officials have plans to institute some pretty controversial changes to the gambling laws in the country – changes that may upset the European Commission if the Belgian officials are not careful about the precise regulations for foreign, EU licensed online casinos. Basically, the more controversial policies that are currently in Belgian draft regulations would force foreign online casinos to obtain one of the limited numbers of Belgian internet gambling licenses before they can operate legally in the market.

Then, as if obtaining a Belgian gaming license were not enough of a hurdle for the online casino sites, the regulations would then require that the licensed sites base their servers out of Belgium before offering service to Belgian residence. Additionally, the state lottery would remain a monopoly and the current Belgian Gambling Commission would take over overseeing the new internet gambling regulations.

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