Complete gambling regulation has not reached most countries in the world, but that is not stopping the Netherlands and Malta from taking significant steps in the right direction. Both countries have reached an agreement to share information between their two gambling commissions.
The idea behind this movie is to help integrate new online gambling regulations in the Netherlands, and eventually throughout Europe. By teaming up with Malta, a nation where many online casinos get their licensing, Dutch authorities will be well placed to regulate the sites their citizens are using.
The CEO of the Netherlands’ gaming and betting national authority had this to say on the matter: “We are very happy with this deal. We believe it was a crucial step in finding our path to proper online casino regulation in the Netherlands.”
Not only will the Netherlands be able to get relevant information about online casinos, but they will also learn a lot about regulation within the industry. European countries are relative newcomers when it comes to regulating online casinos, which is where the expertise of Maltese authorities will help.
For their part, Maltese authorities are also happy about this partnership. They believe that teaming up with their Dutch counterparts shows how serious Malta is about regulating online casinos. Critics of the online casino system often point to companies getting licenses from lesser known countries such as Malta, where regulations may be lax. By partnering with the Netherlands, Malta shows that this is not the case.
The Netherlands have been seeking stronger online casino regulation for many years. A concentrated effort has been made by this government to revamp their legislation with respect to online gambling, and this is another step in that direction.
European nations are hoping that a standard method of regulating online casinos will eventually emerge. This will eliminate the need for specialized laws in each country.