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Georg Stecker, the chief executive of the Association of German Gaming Machine Manufacturers (Deutsche Automatenwirtschaft), has urged for a review of country’s gambling regulations.
Analysing the present status of the industry at the Gaming Machine Industry Summit in Berlin, he called for a review of the present legislation on casinos, lottery and slot machines and for possible amendments. He opined that it is more important than regulations for new entities like iGaming.
Stecker said that the current controls allow a black market that accounts for 20 per cent of all gambling in Germany. He believes that this is the result of failed regulations: “Only a coherent regulatory framework of all game forms, based on strict quality standards, can limit the black market, protect consumers in a sustainable way and ensure legal gambling has a future.”
“It makes no sense to regulate gambling halls by distance while playing online anywhere. The honourable solution should not be the stupid one. Only with a significantly strengthened legal offering can the state fulfil its channelling mandate – only in this way will the flow of black market products be dried up.”
Source: European Gaming Industry News