Insights on the Future of Global Gaming Regulations

Dr. Kresse International Law Firm Attends CasinoBeats Summit 2024, Malta

Valuable insights on the future of international gaming rules were discussed during the CasinoBeats Summit 2024, a premier event which took place in St. Julian’s, Malta between Tuesday 21st and Thursday 23rd May, 2024. The event brought together regulators and professionals in the industry to discuss the everchanging landscape of global gaming. Prominent individuals who contributed to the conference included Andrew Rhodes, CEO of the UK Gambling Commission (UKGC), and Aideen Shortt, Advisor to the Minister in Curaçao.

The new Curaçao licencing regime, which intends to bring local operators up to international standards, especially in terms of anti-money laundering (AML) and responsible gaming rules, was discussed by Aideen Shortt. Compared to the former arrangement, in which a small number of licence holders oversaw many sub-licensees, this change represents a substantial break. With each licensee having a direct line of communication with the regulator, there will be increased accountability and compliance.

In his overview of new developments in the UK, Andrew Rhodes pointed out that one important trend to watch over the next five years is the growth of player activism. This pattern indicates a period of profound change in the gaming sector, as does the increasing impact of blockchain technology and cryptocurrencies. When asked about the likelihood of EU-wide or global gaming legislation, Mr. Rhodes noted that such unification is unlikely due to differing opinions among jurisdictions regarding the rigidity, strictness, and content of gaming regulations.

Furthermore, the summit addressed how artificial intelligence (AI) is redefining online gaming. Industry experts emphasized the need for regulators to stay abreast of AI advancements to ensure that regulatory frameworks can effectively address the challenges and opportunities presented by this rapidly evolving technology.

We at Dr. Kresse International Law Firm understand how significant these advancements are. Our attendance at this significant conference is a testament to our dedication to remaining abreast of industry developments and regulatory adjustments. By comprehending and navigating such legislative developments, we continue to offer our customers cutting-edge legal advice in the international gaming business.

For additional details regarding our offerings and insights, kindly reach out to us at [email protected]