One of the major legal contentions to cause problems for online gaming organizations across the world are players logging on across different borders that may entail different laws and regulations for online gaming. There can also be a considerable amount of tension between individual gaming organizations who are competing for the same markets across different borders as well. However, two leading sovereign areas are overcoming such hurdles by signing an eGaming memorandum that will ease the experience for both the online gaming providers in operation and the players who are logging on to experience the excitement.
The Reasons for Change
Alderney and Malta have developed a Memorandum of Understanding after a lengthy period of discussions on just this very matter. The talks come as both regions begin to recognize the changing nature of the online gaming world in addition to the new technology that is changing the gaming world itself. The talks centered heavily around matters that involve offshore jurisdiction in this capacity. The existing rules for jurisdiction of this type are consistently evolving, making it necessary for the areas welcoming online gaming to evolve as well.
Cooperation is Key
One of the primary types of technology to prompt many changes is cloud computing. The increased ability of online establishments has also prompted the need for greater oversight, according to most regulatory committees. Alderney has officially taken a position that reflects a belief that greater cooperation between jurisdictions will make better oversight more likely and more efficient. There are also financial concerns that could be impacted by this agreement. Operators in these areas could benefit as well at a time when compliance with regulations and attaining licenses is more difficult than it has ever been in the past.
The Goals in Mind
The agreement will specifically target the exchange of information between local regulators. This information will relate to matters of responsibility and local commitments that directly and indirectly impact online gaming operators. Other issues that will be impacted by the agreement include player pooling, services across respective borders, and technological issues that arise with cloud computing at this level. Additionally, both regions will benefit from the impact of taxes on gaming revenue.