The International Masters of Gaming Law (IMGL), the most important international gaming law firm association, is bringing one of its international Masterclass sessions to the Betting on Sports 2017 conference held on 12-15 September.
Members of the IMGL will be speaking on a panel discussing regulation and liability management panel on Wednesday 13 September afternoon and hosting a Masterclass the next day entitled: “How do you enter new markets?” as part of the event’s ‘Betting on Regulation’ track.
Former IMGL president Dr Joerg Hofmann, senior partner at MELCHERS, will be joined by Morten Ronde, the director of education and association development at IMGL and CEO of the Danish Online Gambling Association and Lawyer and Notary Tal Itzhak Ron, from Israeli-based law firm Tal Ron, Drihem & Co., to discuss liability management, as part of the Leaders in Betting track.
Dr Hofmann commented: “Clearly one of the key challenges for sports betting operators is that so many different forms of regulation of sports betting exist throughout the European Union which require a country-by-country assessment. While sports betting in some countries is still subject to state monopolies, others have decided to fully or in parts allow for the operation of sports betting by private operators subject to a licence or are currently in a kind of transition period where no licences are available but the European fundamental freedoms provide protection for EU based and licensed sports betting operators.
“Still, in such countries certain restrictions to the product range that may be offered or the advertising and marketing opportunities may have to be considered in order not to risk attracting enforcement activity. Further, operators may have to ensure certain compliance obligations when targeting customers despite there currently being no licences.
“For a company’s regulation and liability management it is therefore of core importance to seek expert advice in the respective jurisdictions of interest in order to gain an understanding of the regulatory environment, potential risks and mitigation strategies.”
Given that #boscon2017 unites sports betting professionals from over 40 countries, the session will also discuss regulatory changes, and the interaction between legislative bodies and law enforcement, in various jurisdictions across Europe and beyond.
The IMGL Masterclass on Thursday will look at the development of gambling regulation around the globe, and ask: what do operators need to do to make sure they are ready to enter these markets?
For example, The Netherlands Gaming Authority has predicted a ‘Big Bang’ of new licensees from its new Remote Gaming Bill, expected to be passed next year, while Sweden is now not expected to mirror the fully regulated system in Denmark until at least 2019.
UK bookmakers have also fallen foul of increased online gambling turnover tax in Poland and Roskomnadzor attempts to “squeeze out” foreign bookmakers in Russia, while Kindred Group was forced to appeal against Hungary’s Gambling Supervisory Unit for purposely creating online gambling provisions and standards which could not be met by non-national stakeholders.
Lawyer Tal Itzhak Ron commented: “Operators are always looking for the next new market and with more players than ever before having a spotlight at the online gaming industry, it’s always useful to know how to approach these markets in a successful and legal way. The IMGL Masterclasses intended to give operators the practical information they need in order to do this. I am happy to see Betting on Sports joining a list of elite events partnering with an influential organization such as IMGL.”
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Source: SBC News