During last week’s SBC Summit North America at the Meadowlands Expo Center in Secaucus, New Jersey, a group of amateur gamblers were asked what they sought in the North American gaming market.
“Regulators need to do their job – regulate,” said professional gambler Captain Jack Andrews during “Player’s Panel: What are Professional and Amateur Gamblers Looking for in the North American Market.”
That answer might seem surprising – ostensibly, less regulation would be preferred, there mostly was an expressed preference for stricter regulations and fairness from the operators with which they placed bets.
Sharps – those with long-term winning records as sports bettors – don’t get the preferential treatment they deserve, according to Andrews.
“This is an industry where it’s a game of skill, and so your VIPs are the ones with the least amount of skill, and your toxic assets are the ones with the most amount of skill,” Andrews said.
“I have a feeling like they’re building these terms and conditions to be these ironclad guards against themselves where if you have a dispute, you have already agreed to go to an arbitrator of their choosing to have this adjudicated,” Andrews said. “That’s not fundamentally fair. The regulators need to do their job – regulate.
Other participants on panel were agree with John Gordon´s slogan:
“In the end, is more regulation necessary to force companies to be `fair.’ or do we as consumers hold the power to direct change, it’s a bit of both,”
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