Editorial
Regulatory frontiers Simon Planzer PhD , Editor in Chief W ith huge jurisdictions on the cusp of opening up to regulated gaming, emerging markets are a focal
successful. Indeed, a profound understanding of local culture certainly is vital in pursuing success. The importance of cultural awareness was recently picked up by a panel that offered insightful perspectives during the IMGL London conference. Many of you will have had these moments of realization, a sense that gaming regulation is only part of a more complex picture. Social norms as well as cultural and religious traditions may impact business realities and they are more difficult to grasp when not reflected in gaming regulation. Why should we concern ourselves with markets which are far away from our day-to- day work? There are many good reasons for gaming lawyers to educate themselves outside their comfort zone. And there are equally good reasons for legislators to do so, notably in Europe where business conditions for regulated gaming have significantly tightened. The regulatory approaches in some emerging markets remind us of a seemingly simple recipe of regulatory success, what I would call ‘the triple win’. It is a framework that is good for
point of this issue of the IMGL Magazine. The contributions from Africa, Asia, and Latin America provide us with valuable insights into the opportunities and challenges inherent with each set of regulations. As a business owner, it is usually wise to plan ahead, and the case of Peru illustrates how companies that have been active in this unregulated market can bring their businesses into compliance with forthcoming regulation. Our expert colleagues from India remind us of the commercial importance of the skill element in gaming. The doors to regulated gaming opportunities open where this element can be convincingly argued. Where the argument of skill is not available, the same doors swing us back to more limited opportunities enshrined in the legislation of each state. Caroline Kongwa rightly points at the sheer size and diversity of the African continent and the need to adapt business approaches to the local realities if foreign companies wish to be
Contents
07 09 10 14 20 24 28 35 42 46 51 54 59
IMGL autumn conference, London September 2022
Emerging Markets focus
Is it time for Africa?
A turning point for India’s online gaming industry Entering new markets: cultural sensitivity required
Embracing the Metaverse
It’s a fine thing: explaining the UKGCs enthusiasm for financial penalties
The end of unregulated loot boxes? Florida stands up a new regulator
SCOTUS decision settles tribal bingo dispute Reform of Curacao’s gaming license regime
Peru primed and ready for takeoff
Slow and steady may win the race in Chile
4 • IMGL Magazine • November 2022
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