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AGCC AND LGA SIGN MOU

Wednesday November 13 ,2013 : AGCC AND LGA SIGN MOU
 
Provides for inter-jurisdictional co-operation for licencees
 
An agreement between the Alderney Gaming Control Commission and Malta's Lotteries and Gaming Authority is the latest in jurisdictional collaboration.
 
The two authorities have reportedly been in discussion for some time and the resultant MoU was driven by the advent of new technology and the changing business world.
 
While the usual exchange of information fall under the terms of the agreement, other areas that have a direct impact on operators include player pooling, the offer of cross border services and key technological issues such as cloud computing.
 
Robin Le Prevost, Alderney's Director of eCommerce Development commented: "The role of the offshore jurisdictions is evolving very quickly because of the rise in Point of Consumption taxation and regulation, new technologies such as cloud computing and the need for strong regulatory oversight. Alderney's position has been 'the better the co-operation between jurisdictions, the better the standard of regulation can be'. It also provides considerable benefits for operators, which is increasingly important as the cost of multiple licenses and compliance rise inexorably".
 
Of immediate benefit to each jurisdiction's operators will be the ability to provide services from Alderney into Malta and vice versa without the expense of deploying equipment in each jurisdiction.
 
Other benefits include issues which affect taxes. Structures can now be put in place which will minimise or eliminate the jeopardy of double taxation.

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Gambling News :

Betsoft Gaming In Deal With SuprNation - Betsoft Gaming’s latest content supply partnership will see its Slots3 collection launched on VoodooDreams.com, SuprNation’s primarily Swedish and Nordic focused online gaming operation.

Ladbrokes New SPonsor of The Hennessy Gold Cup - The longest sponsorship deal in the history of British horse racing has come to an end with Ladbrokes becoming the new sponsor of the race formerly known as The Hennessy Gold Cup for the next five years, Racing Post reports.

Ladbrokes Appoints Annemarie Durbin - Durbin, a qualified lawyer with over two decades of international banking experience, will also take up membership of the Audit, Remuneration, Social Responsibility and Nomination Committees with effect from March 1, 2017.

Olympus Slot Pays $210k Jackpot to USA Player - “I love slots, been playing a long time. I go to Vegas once a year. In between I play online. It’s so convenient. I play mostly Hold the Riches, Pyramid Plunder, Dollar Storm or Olympus. I’ve also started playing keno more.”

Divine Fortune SLot Launches - NetEnt has launched a new local jackpot title “Divine Fortune”, a five-reel, 3-row, twenty-fixed line video slot themed on ancient Greece and a world of mythical creatures, legendary riches, and golden coins.

BetatHome profit guidance for the 2016 financial year - bet-at-home.com AG has lifted its profit guidance for the 2016 financial year following what it terms a “supremely positive business development in the fourth quarter”.

Aussie Millions $1,150 buy-in No-limit Hold’em Accumulator Results - In the latest Aussie Millions event - the A$1,150 buy-in No-limit Hold’em Accumulator, local poker pro Bridges Roe prevailed against a field of 721 to claim the main prize of A$160,725, despite starting the final day at the bottom of the chip counts.

2 Huge Wins at Bovada Casino - Paul D. from Boston, MA, scored really big, earning $808,529.80 playing the Food Fight progressive jackpot slot on the Bovada online casino on a wager of $11.25. Unfortunately Bovada's press release does not give any further details.

China Internet Clean Up Campaigns - The advisory revealed that the current drive will run through to the end of March 2018, and that online gambling and other inappropriate or unacceptable content must be blocked because:

AOPA to campaign for poker to be left alone - The threat that amendments to the federal Australian Interactive Gaming Act aimed at stopping in-play action could spill over into an online poker ban has motivated Aussie players to form an action group in support of the game.

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