Online gambling summit ends without regulation agreement

After a few days of talks, the International Government Summit on Remote Gambling hosted by Britain last week ended without the nations being able to come to an agreement over universal standards for the Internet gambling industry.

Several nations were represented at the summit including Antigua and Barbuda, Italy, New Zealand, Malta, Costa Rica, France, Spain, Germany and South Africa. Participants discussed legal and ethical considerations in regards to online gambling such as the awareness and treatment of problem gambling and gambling addictions.

They also discussed age and identification verification systems along with the role and responsibilities of the governments that host and regulate Internet gambling companies.

The nations weren't able to come to a consensus though for a minimum international standard for the industry which includes online poker and casinos. Britain had hoped they could come together on a code of principles and set an international standard for the regulation of the industry.

Britain is already working to set up a system of regulations in the nation now that it has legalized online gambling. The new law goes into effect in 2007 which will allow online poker sites and other betting sites to become licensed and operate in Britain.

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