Towards a B2B Model for Online Sports Betting Operators in Belgium: Is the New Business Model Viable for all Stakeholders?
On December 3, 2009 the Lower Chamber of the Belgian Parliament adopted the New Belgian Gaming Legislation (hereinafter referred to as the “Gaming Law”). The Gaming Law has been passed without any substantial amendments, notwithstanding the EU Commission’s objections with regard to some of the core provisions of the Gaming Law. The Gaming Law has been published in the Belgian Official Gazette on February 1, 2010: it should enter into force by January 1, 2011 at the latest, although Implementing Regulations (Royal Decrees of Execution) may provide for some provisions to enter into force earlier. The latter option seems highly unlikely to materialize since the Belgian Government has resigned and parliamentary elections have been held on June 13… This contribution will briefly discuss both the Gaming Law’s main features and the current regulatory framework with respect to sports betting (whether fixed-odd or mutual) and will draw some conclusions as regards the Gaming Law’s application to new entrants on the Belgian online sports betting market.