Notwithstanding the above, there are a few others who still uphold a monopolistic regime towards their gambling regulatory framework whilst others, such as Slovenia, are looking into updating their regulatory framework and provide the possibility of licence attainment in their jurisdiction. One may immediately question what might have led to this wave of regulation within the European Union.
Whilst any answer to the same might be merely speculative, there is no doubt that regulation is considered to be the way forward. It is only by regulating the market that notions such as responsible gaming, the prevention of money laundering and advertising compliance are dealt and complied with, monitored and enforced.
Regulation does in fact provide an environment where not only the operator is scrutinised and needs to be deemed fit to operate and obtain a gaming licence, but additionally places on the same operator the responsibility to provide a compliant service in terms of the above-mentioned responsible gaming, advertising rules and the prevention of money laundering amongst others.