Unrelated to the online
gambling war between the U.S. and Antigua and Barbuda, in which the World Trade
Organization ruled in favor of Antigua and Barbuda, the tiny Caribbean island is
now reviewing their own legislation regulating online gambling. Antigua's
Division of Gaming, which falls under the Financial Services Regulatory
Commission, announced they are already operating with newly revised regulations,
resulting from a full-day symposium that brought together leading gaming lawyers
and government officials.
Director of Gaming, Kay
MacDonald referred to the symposium as a "robust and interactive session". After
all was said and done, MacDonald says the agreed upon regulations represent a
great balance between commercial realities and responsible gaming practices.
Following the
UK International Online Gambling Summit in October of 2006, in which lengthy
discussions about raising the standard of upholding ethical practices of online
casinos and gaming site operators were had, the gaming division of Antigua and
Barbuda decided it was in order to tighten their grip on the online betting
industry.
Exactly what these
changes entail is yet to be revealed (They are anticipated to be published very
soon). However, online casino operators can be assured the revised regulations
entail more responsibilities on their part. Likely influenced by the passing of
the UK Gambling Act and a call for industry standards by the eCommerce Online
Regulation and Gaming Assurance (eCOGRA), Antigua and Barbuda's will still keep
the underlying principles of regulation in tact, but with better standards of
enforcement. Antigua's Minister of Finance and the Economy, Dr. Errol Cort, has
already singed off on the revised regulations.
In today's fast-moving
market of evolving regulation due to more embracement of online gambling
activities by countries like England, Antigua and Barbuda recognizes that as a
leader in gaming industry regulation (no other country licenses more online
casinos), they must be willing to adapt to increasing standards of
internationalization.