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States of Alderney Revamp License Framework

1/18/10 - Delegates to this year's IGE-ICEi show in London late January will get a first hand look at some reportedly useful changes made to the licensing regime operated by the States of Alderney.
This year sees the introduction Alderney’s new licencing framework, which reflects not only the changing dynamics of the online gambling industry but also the new regulatory environment unfolding in Europe and further afield.
Based on a modular system, where operators need only choose the parts they regard as best suited to their particular business model, the new scheme is more flexible and has reduced costs for many, maintaining Alderney’s reputation as the lowest cost online gambling jurisdiction in Europe.
The new Category 1 licence, which has been introduced to cater for the increasing trend for operators to outsource gambling activities, can be granted in as little as 4 to 6 weeks, significantly shortening the licence application phase.
The Category 2 licence meets the demand created by the extraordinary growth in B2B services, where Alderney’s superior technical infrastructure is an impressive base from which to provide fast reliable services across the globe.
A third major change has been the introduction of a system which can recognise and licence equipment located outside of the jurisdiction, a move which meets technical requirements such as consistency and performance in game betting products, live feeds, the rise in globally based gaming platforms and the advent of cloud computing.
"However well thought through, a significant revision of the licensing legislation fills you with some trepidation as to how it will be received," said Alderney’s director of eCommerce Development, Robin Le Prevost. "But I think we can say, even though it is early days, [that] the new scheme seems to have hit exactly the right note, and enquiries and applications have shown a significant increase."
"2009 continued a pattern of growth for Alderney as a jurisdiction, but was a difficult year for some - especially the new start-ups, but one can sense a new energy and we are very much looking forward to 2010."

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Gambling News :

FanDuel adds English Premier League action - Daily fantasy sports operator FanDuel, which is now additionally active in the UK market, has announced the inclusion on its roster of English Premier League action, with associated contests scheduled for roll-out next week.

Fortuna Entertainment Group in deal with Czech Football Association - Online gambling operator Fortuna Entertainment Group Nv has announced a sponsorship deal for an undisclosed consideration with the Czech Football Association (FAČR), effective from the 2018-19 season for six years.

Paddy Power and Inspired in Deal - The new agreement sees Paddy Power join a roster of other Inspired HTML 5 clients that includes William Hill, Gala Coral, Bet365 and Betfred.

Martin Crowley DraftKings Collusion Charges Dismissed - Our readers may recall a story that surfaced last month in which allegations were made that there was suspected collusion in a million dollar fantasy sports competition at DraftKings.

BeBetway British Horse racing Authority Authorized Betting Partner - Online gambling operator Betway has become the latest bookmaking firm to agree to voluntary payments over the next three years to the British Horse racing Authority in return for accreditation as an Authorized Betting Partner.

Coral Q4-2016 earnings reports - Ahead of its forthcoming merge with Ladbrokes, the online and land gambling group Coral published its Q4-2016 financial numbers Thursday, detailing the twelve week period ended September 25 2016.

Unibet in cooperation with - Online gambling operator Unibet Group has signed a cooperation agreement with the FIFA subsidiary Early Warning System GmbH (EWS).

Kiron Interactive in deal with Digitain - The online gambling expo and conference EiG 2016 has enabled two online gambling companies to come together in a commercial deal; specialist virtual games supplier Kiron Interactive has inked an agreement to distribute its virtual games via Armenia’s Digitain.

2016 World Poker Tour-best bet Bounty Scramble - That calmness and discipline not only kept Panzica in the game, but began to grind down Malones advantage, aided by some fortunate double up opportunities.

GLOBAL SPORTS BETTING WORTH $253.3 BILLION BY 2020 - Ujjwal Doshi, lead analyst at the research firm, says, “Low-cost cross-border service delivery is opening up sports betting markets, which were previously protected by state-regulated monopolies or dominant local operators.”

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