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The importance of shaping the rules before they are fixed
By Andrew Tottenham
Managing Director, Tottenham & Co
There is a particular kind of institutional complacency that only reveals itself after the fact. The gambling industry is, in my experience, rather skilled at it. We are excellent at reacting to regulations that have already been imposed on us, moderately good at lobbying against regulations that are transparently aimed at us, and certainly where the EU is concerned, poor at engaging with the legislative process at the point where our input would actually matter.
It may be that national industry organisations are loathe to cede some level of control to transnational ones, preferring to work with their own parliamentarians and regulators. EU institutions, however, prefer an industry to speak with one voice; a single voice carries considerably more weight.
I confess that I too have not followed this particular development, only having recently been alerted to it by a somewhat frustrated Hermann Pamminger, General Secretary of the European Casino Association, at an industry event.
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