Casino Enterprise Management

International Online Gaming Regulation: Turning Fiction into Fact

By Richard Nathan

It has been the accepted driving principle behind successful gaming regulation that government could exercise social control by determining the legality or illegality of what occurs within its geographic borders. A license or similar consent to conduct gaming is a thing of value to be sought after, protected and respected. It is the license to conduct gaming activity that provides the player with the assurance of a fair game and security for their wager. And it is within a regulated scheme that taxes are levied, money laundering deterred and corruption discouraged.

In recognizing the right of a government to control gaming activity, which is accepted in virtually every nation and state in the world today, there is recognition that the conduct of gaming is the exercise of a privilege subject to regulation. The environment in which modern, effective regulation evolved was one where geographic borders were defined and location meant not only a brick-and-mortar operation, but also the ability of the regulator to reach out and touch its licensees in a meaningful way, impacting law abiders while punishing wrongdoers. The enforcement of the law is the cornerstone of an effective regulated environment.

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