Casino.org – They say the key to any successful relationship is communication. When it comes to the relationships between gambling companies and their regulators, one executive at 888 Holdings says that UK regulators could learn a little something from their US counterparts when it comes to having an open dialogue with the companies they oversee.
In a conference call that was mainly about the company’s positive first quarter results, 888 chief executive Bryan Mattingley took time to criticize the UK Gambling Commission, saying that they showed a lack of communication with their potential licensees when compared to US regulators. This comes as the UK is preparing to implement new rules and tax schemes that will affect the gambling industry in that nation.
Of course, working in the United States means dealing with different regulators in every state. As the major casino companies vying for licensing in Massachusetts have found, dealing with the relatively inexperienced commission there is very different from talking to veterans in Nevada or New Jersey. But for Mattingley, the difference between the nations has been striking.
He also took a moment to mention the company’s opposition to at least one of the new taxes the UK government plans on implementing.
“We are continually in dialogue with our colleagues in Gibraltar and we believe any regulation is good for the industry, as long as the regulation is there to protect the consumer and not to introduce the point of consumption tax,” said Mattingley.
