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Alderney Cuts Cost Of Online Gambling License

Friday January 30,2015 : ALDERNEY SLASHES COST OF LICENSES
 
Online gambling licenses jurisdiction ties to be more competitive in a narrowing market.
 
The Alderney online gambling licensing jurisdiction has announced major reductions in licensing fees as competition for business hots up in a market where national jurisdictions are increasingly dominant.
 
Alderney is reducing the cost of Category 1 (B2C) and 2 licences (B2B) for new operators moving to the jurisdiction from GBP 35,000 to GBP 17,500 for the first 12 months.
 
Robin Le Prevost, Alderney’s director of e-commerce development says that the island has always been a very cost-effective base for e-gambling operations but these significant changes have reinforced that position:
 
"We recognised that our unique fee-based system, rather than a ‘tax and duty’ system, provides real benefit for established operators but could be improved for new operators moving to Alderney," he explained.
 
"This move adds to improvements we introduced last year. Our Games Developers Certificate can be upgraded to a Category 2 licence, which allows for the operation of a B2B platform, without the loss of any residual value.
 
"This means that developers wishing to become platform providers, with all the benefits that brings in terms of swifter and cheaper integration costs, can now do so at a substantially lower cost. This, in conjunction with the recently approved Cloud technology, provides developers and start-ups with a highly attractive environment from where to base their business."
 
Le Prevost says that attracting these types of business is a key strategy for Alderney as the government sees huge potential for games developers in the future. He believes that the industry is 'crying out' for new and unique content as this is an important a point of difference for competing businesses.
 
Another change in Alderney is the introduction of a small fee for B2B operators calculated on their client base. This system, which already exists in the Isle of Man and Malta is levied at a rate of GBP 3,000 per client - a substantial discount to the other jurisdictions.
 
Underlining Alderney's intention to be competitive, the jurisdiction has published tables on how it compares to other jurisdictions here:
 
http://www.alderneygambling.com/media/6319/egamingjuristictionstable.pdf

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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