When
the UK Gambling Act becomes fully active in
September of 2007, the UK Gambling Commission is
going to be the authoritative gambling regulator for
both land-based and online betting destinations.
In preparation for this enormous task and
responsibility, the Commission has released a
consultation document in regards to regulation
standards with the objectives of insuring fair
gambling, blocking criminal activities, and
protecting children and vulnerable gamblers.
The
document is titled "Licensing, Compliance and
Enforcement," and is designed to be a treatise on
how the Commission seeks to regulate the industry in
three ways. As such, the document is divided
into three corresponding sections - each dealing
with a specific area and activity relevant to the
healthy functioning of the UK betting industry -
Licensing, compliance and enforcement.
The
first section to be addressed primarily deals with
the licensing of casino and online casino operators,
and how those who are applying for and issued
licenses will be subject to a series of checks that
include criminal background and financial checks.
In terms of the issuance of licenses, the document
explains how decisions within the Commission itself
will be made, as well as how gambling licenses will
be issued after being properly applied for,
maintained and renewed. This section also
further elaborates on how shareholders, investors
and prominent individuals within a casino operators
ranks will be subject to background checks as well.
The
second section titled "Compliance" explains how
casinos and gambling destinations will be secretly
monitored from afar, as well as through scheduled
inspections. Online casinos will be subject to
ongoing evaluation of random number generators,
while both internet sites land-based destinations
will be visited on a regular basis. This area
of regulation essentially insures that fair and open
gaming environment are provided for players at all
times.
The
final section of the document, "Enforcement"
dictates the measures that will be used to
discipline gambling establishments who are found in
violation of any regulatory conditions, addressing
criminal activities, investigations, and punishable
offenses, which are all subject to review,
suspension and revocation. To put faith into
those who are unsure of the efficacy of regulation
and to put fear into those who try to avoid
regulation, the Enforcement statute clearly states
that the use of extensive legal powers will be used
in prosecuting those found guilty of violating the
UK Gambling Act. Those parties interested in
making suggestions in document revisions can do so,
which the UK Gambling Commission will selectively
address in publishing a Regulatory Impact Assessment
on their website.