Alderney eGambling boss Susan O’Leary has praised the co-operation between operators and regulators as the key to promoting a thriving and well-respected industry.
The CEO of the Channel Islands regulatory body has spoken out in favour of collaboration between the different parties involved in the regulatory process, both in the UK and internationally.
“You want to encourage industry to be regulated, to realize that actually, it’s the best marketing tool they can have,” said O’Leary.
“I think it’s totally essential for a collaboration and cooperation, it helps the entire industry. It’s regulation, collaboration and cooperating.”
The comments were made as part of Alderney eGambling’s efforts to create a unified European licensing space, allowing operators to bridge regulated markets without having to submit to the demands of varying national gambling authorities.
“From a practical point of view what we’ve done in kind of the regulated market in Europe for the last few years is this Niagara Initiative, which is a collection of international regulators working to harmonize standards somewhat.”
“There’s one thing called the multi-jurisdictional testing framework, which is an initiative by IAGR. There’s a working party put together – Denmark, UK, Alderney, Isle of Man – and they collaborated to put together testing standards, in particular for RNG.”
“If you’re a licensee of Denmark, Isle of Man, UK or Alderney then you don’t have to get tested in each jurisdiction.”
With European regulators keen to pool knowledge, O’Leary added that the expanding US market could also benefit from communication between regulators, especially in overcoming shifting levels of gambling resistance.
“There’s so many different problems between moral, political, social, and religious reasons,” said O’Leary. “States are totally different.”
“The best advice would be for them to collaborate with the other regulators, even just the other American regulators as a start, because things are so different.”