SMART-TECH 2015 Panel Discussion: Consideration, Chance, Prize: Is this foundational definition of gambling being circumvented by game developers and online operators? Moderator: James Maida, Co-Founder & President, Gaming Laboratories International (GLI)

Sunday, 17 May 2015 21:50
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Panel Discussion: Consideration, Chance, Prize: Is this foundational definition of gambling being circumvented by game developers and online operators?

The government-lottery industry depends on the effectiveness of regulatory frameworks to protect its business model. Market driven changes and well-funded private interests (off-shore online gaming operators, Facebook and Google, Sheldon Adelson, etc.) are making it increasingly difficult for governments and their regulators to control the industry. “Non-money” online games (paradoxically, some that are making more money than real money games) are integrating prizes into their game structures in ways that defy the traditional definitions of “gambling.” Games are being invented that have an element of skill, or some twist on prize structure or the precise nature of the “wager,” or otherwise finding ways to avoid being classified as “gambling.” What about Fantasy Sports—why is it not classified as gambling? Bitcoin and cyber-currencies threaten to unleash underground economies that evade regulatory constraints and the obligation to pay taxes. Online betting websites that replicate the lottery-playing experience and others that appear to be selling the most popular lottery games like Powerball, Mega Millions, Euromillions but are illegal and fraudulent … What are the front-lines in the battle to preserve the integrity of the gaming and gambling industry? What can we do to prevent the breakdown of regulatory discipline and effectiveness?

Moderator: James Maida, Co-Founder & President, Gaming Laboratories International (GLI)

Click here to watch

Panelists: (left to right)

Philippe Vlaemminck, Partner, Altius Law Firm, Chair of the Gaming Law Practice

Friedrich Stickler, President of the European Lotteries and member of the board of Österreichische Lotterien GmbH (Austrian Lotteries)

Mark Hichar, Partner, Hinkley, Allen Snyder Law Firm, Chair of Gaming Law Practice Group

This video presentation is brought to you by Public Gaming Research Institute and was recorded at SMART-TECH 2015  at the Marriott Marquis in New York City, March 2035

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