Spain’s CNMC Backed PRD Provisions for Gambling Restrictions
Spain’s national competition authority, Comision Nacional de los Mercados y la Competencia (CNMC), expressed its support for the draft legislation for tighter online gambling regulation.
‘Correct Adaptation to the Principles of Good Regulation’
The CNMC, Spain’s authority that ensures markets from all sectors adhere to consumer and company standards, released a report related to the draft Royal Decree (PRD) proposed by the government in July last year in an attempt to introduce a safer gambling environment.
Following a period of public consultations, the PRD that includes limits on player loss and gaming time for each online casino playing session was introduced to the CNMC for assessment in October.
Stressing on the “reason of general public interest” the restrictions would be introduced, the CNMC outlined in its assessment the decree “does not present unjustified restrictions on competition” and falls within the category of a “correct adaptation to the principles of good regulation.”
The authority is adamant that there would be the need for support for operators, both technical and legal, in cases when they would be required to suspend play from gamblers who exhibit signs of excessive gambling.
There Is Still More to Be Done
The draft Royal Decree that has provisions for mandatory loss and time limits for each player’s casino session sets the threshold at 50% of monthly recommended losses, classifying each player above it as intensive and requesting the operator to restrict any bonuses on such player accounts.
The PRD also claims that while the gambling sector has been already subdued to intense regulation, there is still more that can be done to ensure a higher level of protection for players and people at risk of developing a gambling addiction. The decree highlighted the importance of “prevention of addictive behaviors, the protection of the rights of groups at risk,” as well as “the protection of consumers” in general.
The Spanish government has always been looking to be proactive in terms of problem gambling, being wary of the effects of gambling on the population, regardless of official data showing no signs of any such developments, placing the country among those European nations with the lowest gambling-related harm.
Earlier this month, the Ministry of Consumer Affairs launched a public consultation related to revamping the treatment support network for problem gamblers as part of the Decree Project that seeks to implement a fully functional regulatory framework for the treatment centers across all 17 autonomous regions in the country.
Relevant news
FDJ’s ParionsSport to Support FTF’s #SmashTheHaters Campaign
France’s leading gaming operator La Française des Jeux (FDJ) announced today a new initiative for…
William Hill’s CEO Ready to Bid Farewell After Three Years
While waiting to be acquired by 888 giant, William Hill is also getting ready to…
Spinberry Marks Online Debut on Fusion With Drop the Wilds
Spinberry, an Estonian game supplier with a focus on online and land games, has launched…
Gambling Granny Escapes Prison for Bilking $650K in Benefits
An elderly woman from The Bronx was sentenced to five years in probation for bilking…
Betcris Expands Mexico Presence with FC Juárez Deal
Online sports betting operator Betcris has expanded its presence in Mexico by inking a key…
CDI’s $291m Sale of Land near Calder Casino Completed
Racing, wagering and entertainment operator Churchill Downs Incorporated (CDI) announced Friday that it has successfully…
Login
Register