Thursday, November 1, 2012

New EU online gambling action plan to protect consumers - Gozo News.Com

New EU online gambling action plan to protect consumers - Gozo News.Com



  • New EU online gambling action plan to protect consumers

  • Published on Wednesday, 31, October, 2012 at 11:00 in Malta News | No Comments 

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    New EU online gambling action plan to protect consumersNew gambling action plan to protect consumers, crack down on irresponsible advertising and tackle betting-related match-fixing.
    Online gambling is growing. Games such as poker – along with casinos, sports-betting and lotteries – are big business: 6.8 million Europeans placed an online bet in 2011, generating revenues of €9.3 billion for online gambling companies. That figure is expected to grow to €13 billion by 2015.
    Many EU countries have introduced rules to keep gamblers safe, but each country’s system is different:
    Germany and the Netherlands have prohibited certain types of online betting games.
    In Finland, Portugal and Sweden, online gambling services are run by a sole operator.
    Denmark, Estonia, France, Italy and Spain have introduced licences so that more than one company can provide online gambling.
    Each system is designed to shield consumers from fraud, and protect vulnerable groups such as children.
    But the online nature of gambling means that individuals are not necessarily protected by their own country’s laws. Someone in Germany may choose to place a bet via a website set up in the UK, for example.
    The action plan aims to tackle this legal uncertainty and encourage regulating authorities to cooperate with one another. This will increase protection for individuals and help authorities to tackle unregulated gambling websites, which are often established outside the EU.
    The action plan will also make sure that national laws comply with EU laws, designed to ensure that a company in one EU country can trade freely in all others. The European Commission has received a number of complaints about restrictions on cross-border gambling and has launched legal proceeding against some national governments.
    Lastly, the European Commission will make a series of recommendations to EU countries to tackle betting-related match-fixing. Proposals will cover sharing information, follow-up of suspicious activities, setting up conflict-of-interest provisions and setting up hotlines for reporting suspect behaviour.
    Action plan initiatives will be introduced from 2013.

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