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EC CHIEF REITERATES WARNING TO GAMBLING NATIONS

Friday July 6,2012 :  EC CHIEF REITERATES WARNING TO GAMBLING NATIONS (Update)
 
Barnier says that compliance with EU laws is essential
 
Michel Barnier, the head of the European Commission which enforces EU laws, reiterated his warning to European gambling regulators that action will be taken, including court proceedings, for non-compliance with European Union laws.
 
Barnier made similar statements recently whilst addressing the European parliament .
 
The Gibraltar Chronicle reports that Barnier was addressing a meeting on The Rock, in which he outlined his Commission’s plans on internet gambling regulation, and threatened that persistent non-compliance regarding EU online policies and rules in the sector could result in his Commission initiating court actions.
 
Barnier said regulators will work with the industry to formulate a framework that protected consumers while permitting responsible legal gambling. But he said that EU rules must be adhered to and that several countries – he did not name them - would be cautioned about activities in their national jurisdictions.
 
“I will ask my department to contact all the Member States concerned by ongoing cases or complaints in order to remind them of the applicable rules and suggest that any problematic situations are rectified in line with current case law,” he told the meeting.
 
“If blatant infringements persist, I will not hesitate to propose to my colleagues that the appropriate proceedings be taken or relaunched.”
 
Barnier confirmed that the Commission would table an ‘action plan’ in the autumn designed to “effectively” regulate and supervise online betting and gambling.
 
A consultation process on the issue with relevant stakeholders had attracted 250 responses and proved a “great success”, he said.
 
The EC chief said that his aim was to protect consumers wherever they lived in the EU, and he stressed that no member state of the Union could “deal alone with all the risks associated with this activity.”

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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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