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ALDERNEY REGULATOR ESTABLISHES TIES WITH ONTARIO REGULATOR

02/02/2012 : ALDERNEY REGULATOR ESTABLISHES TIES WITH ONTARIO REGULATOR
 
Memorandum of Understanding signed with Canadian provincial authority as plans to licence online gambling gather momentum
 
When Canada's most populous province, Ontario, becomes the nation's third to licence online gambling later this year, the Alderney Gambling Control Commission will have a foot in the collaboration door following a Memorandum of Understanding signed this week with the Alcohol and Gaming Commission of Ontario.
 
The MoU provides for the exchange of information, cooperation during investigations and inspections where appropriate as well as developing initiatives in the areas of common standards, requirements, testing protocols and other matters that will enhance integrity, consumer protection, public confidence and anti-crime measures, according to a joint statement from the parties.
 
The agreement with Ontario is the latest in a string of such arrangements which the AGCC has signed with regulators in Denmark, the state of Nevada and the Kahnawake Gaming Commission, and this latest collaborative concord will make AGCC regulatory experience available to the Ontario Lottery and Gaming Corporation which will oversee the regulatory process.
 
The Canadian provinces of British Columbia and Quebec already have well-established online gambling regulatory systems.

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Gambling News :

Interwetten 2016 Earnings Results - Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform

EU Online Gambling Tax Harmoney Dead - Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.

Jack Lam Facing Big Fines in the Philippines - It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.

Walter Merricks Term As Gambing Commissioner Extended - The UK Government has extended Walter Merricks’ term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

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