Session Title

Session 2-3-C: Regulatory Change and Models

Presentation Type

Event

Location

Caesars Palace, Las Vegas, Nevada

Start Date

29-5-2019 1:45 PM

End Date

29-5-2019 3:10 PM

Disciplines

Economics | Gaming Law | Law and Economics | Macroeconomics | Political Economy | Public Affairs, Public Policy and Public Administration

Abstract

The so-called Polish “gambling affair” of 2009 resulted in the adoption of a new Act on Gambling. The regulation significantly changed the legal environment in Poland. It was also the starting point of what we identified as the search of equilibrium - a number of further legislative changes aimed at creating a sustainable environment for gambling. Some market segments became delegalized, some monopolized, and others liberalized. The Polish Ministry of Finance and the parliament tried to find the right balance between consumer protection, business growth, and government revenue. A goal that is still to be achieved.

This article examines the changes in the Polish gambling law and their impact on the industry. We review the development of regulation and explain the rationale behind it. We then analyze how it influenced the activities of entities active or willing to enter the gambling market. Furthermore, we assess if the regulator reached his intended goal. We also present the state of the gambling industry in Poland and analyze its development over the past ten years. Finally, we take a look at the most crucial challenges and issues that impact the gambling market in Poland.

The research aims at showing how uncertainty and frequent regulatory changes influence the behavior and performance of business entities. We want to demonstrate how important it is for regulators to engage in a dialogue with market participants in the process of creating a sustainable market environment for gambling.

Keywords

Gambling studies, gambling regulation, economics of gambling, gambling law, Poland, gambling

Author Bios

Sebastian Meitz is Managing Partner at Gaming 5.0 and adjunct at Kozminski University.

With over 12 years of experience in leadership roles, mostly within gaming and management consulting, Sebastian works hand in hand with C-level executives on growth strategies and innovation efforts helping their companies strive.

Sebastian co-created and serves as Program Director of 'Management in the gaming and sports betting industry' postgraduate program at Kozminski University, one of the top business schools in Europe.

Stanisław Pogorzelski is Managing Partner at Gaming 5.0 and adjunct at Kozminski University.

An academic lecturer and author in the area of marketing communication and sports sponsorship, he helps organizations in formulating and executing effective strategies to strengthen their brand positioning and attracting more customers.

Stanisław co-founded Gaming 5.0 and co-created the first in Poland, and Europe postgraduate program in management in the gambling industry taught at Kozminski University in Poland.

Przemysław Bloch is Partner at Gaming 5.0 and adjunct at Kozminski University.

An attorney-at-law at the Warsaw Bar Association, Przemysław is one of the leading Polish experts on gambling law. His professional career spans over 20 years, during which he advised corporate entities as well as governmental institutions.

He advises and works as an accredited auditor at governmental institutions. He served on numerous supervisory boards on behalf of the Polish State.

Funding Sources

None

Competing Interests

None

Download

Share

COinS
 
May 29th, 1:45 PM May 29th, 3:10 PM

In Search of Equilibrium – How Regulatory Changes Impact the Gambling Industry in Poland

Caesars Palace, Las Vegas, Nevada

The so-called Polish “gambling affair” of 2009 resulted in the adoption of a new Act on Gambling. The regulation significantly changed the legal environment in Poland. It was also the starting point of what we identified as the search of equilibrium - a number of further legislative changes aimed at creating a sustainable environment for gambling. Some market segments became delegalized, some monopolized, and others liberalized. The Polish Ministry of Finance and the parliament tried to find the right balance between consumer protection, business growth, and government revenue. A goal that is still to be achieved.

This article examines the changes in the Polish gambling law and their impact on the industry. We review the development of regulation and explain the rationale behind it. We then analyze how it influenced the activities of entities active or willing to enter the gambling market. Furthermore, we assess if the regulator reached his intended goal. We also present the state of the gambling industry in Poland and analyze its development over the past ten years. Finally, we take a look at the most crucial challenges and issues that impact the gambling market in Poland.

The research aims at showing how uncertainty and frequent regulatory changes influence the behavior and performance of business entities. We want to demonstrate how important it is for regulators to engage in a dialogue with market participants in the process of creating a sustainable market environment for gambling.