UK and Dutch Regulators Sign Memorandum of Understanding
The United Kingdom Gambling Commission (UKGC) and the Kansspelautoriteit (KSA), the gambling regulatory authority of the Netherlands, have reached an agreement that will enable them to share regulatory best practices. The hope is that it will help them both better monitor and regulate gambling in their respective jurisdictions.
The UKGC is widely considered one of the best gambling authorities in the world and it has a huge amount of experience in both the land and online gambling industries. The Dutch regulated iGaming market is due to launch on 1 October, and the KSA is eager to do all it can to ensure that everything is ready for a smooth start.
The two regulators have signed a memorandum of understanding (MoU) that will enable them to collaborate, sharing information and communicating freely in order to benefit from each other’s strengths.
The chairman of the KSA René Jansen said that the MoU demonstrates to operators that there is cooperation and collaboration on an international level, while also making it easier for them to provide their services in multiple countries.
Such a Memorandum of Understanding forms a good basis for sharing knowledge, collaboration and a smooth exchange of information. A clear signal is also given to providers of games of chance that cooperation is taking place at an international level. Online games of chance move across borders. That is why it is important for supervisors to work together.
It is up to each European country to regulate their own gambling market based upon local laws. However, the EU has actively encouraged its members to work together and to establish standardized best practices to help create uniform regulations throughout the block.
Because of this, the KSA has been approaching a number of different gambling regulators with the aim of learning from them and working together going forwards. It has recently teamed up with the Malta Gaming Authority (MGA), the French regulator Autorité Nationale des Jeux (ANJ), the Swedish regulator Gambling Inspectorate Spelinspektionen and the Belgium Gambling Commission (BGC).
More Regulation News
RELATED TOPICS: Regulation
Latest News
Business
Las Vegas Sands Eyes Thailand, Other Southeast Asian Markets after New York Delays
Apr 18, 2024
Interviews
Mikki Mase – The Gambler Who Beat Vegas and Changed the Course of Gambling Forever
Apr 18, 2024Most Read
IGT’s Wheel of Fortune and Powerbucks Slots Create Four New Millionaires
Apr 12, 2024Must Read
Interviews
Mikki Mase – The Gambler Who Beat Vegas and Changed the Course of Gambling Forever
Apr 18, 2024
Interviews
Review this New Post
Leave a Comment
User Comments
Comments for UK and Dutch Regulators Sign Memorandum of Understanding