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Online Casino Conditions >>> Betting News >>> April News


Online Casinos to Face Tighter Grip by Antigua and Barbuda

by Ryan O'Donnell, News Staff
Writer      Bookmark with del.icio.us
April 8, 2007
 

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.

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