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British Gambling Laws Need Updating

Wednesday July 25,2012 :  BRITISH GAMBLING LAW NEEDS TO BE UPDATED, SAY PARLIAMENTARIANS (Update)
 
Too many inconsistencies and insufficiently evidence based, claims select committee
 
The long awaited report of the UK parliament's Commons Culture, Media and Sport Committee says that the Gambling Act 2005 resulted in numerous inconsistencies, is not sufficiently evidence based, and that more power should be devolved to local authorities.
 
The wide-ranging report focuses primarily on the land gambling business in the United Kingdom, but also deals with internet gambling and the question of a point of consumption tax
 
Gambling laws are "outdated" and "ill-equipped" to deal with social and technological changes, MPs on the committee opined.
 
The failure of the Department for Culture, Media and Sport to work with the Treasury and set remote gambling taxation at a level at which online operators could remain within the UK and regulated by the Gambling Commission has led to almost every online gambling operator moving offshore whilst most are still able to advertise and operate into the UK, the report notes.
 
It supports the concept of better regulating the online industry on a point of consumption basis but says the Treasury still needs to work with industry stakeholders to establish the correct level for online gambling taxation, taking into account the need to encourage companies to accept UK regulation and taxation and to discourage the formation of a grey market.
 
The UK Gambling Commission is unlikely to be pleased with the committee's view that it is "....an overly expensive, bureaucratic regulator.” The Committee says the Commission has not gone far enough, in particular, in its efforts to reduce its operating costs.
 
The Committee recommends that an independent review of Gambling Commission expenditure should be carried out as soon as possible after a new system for remote licensing is in place, with a view to reducing costs and the regulatory and fees burden imposed on the industry
 
The committee recommends that the Department for Culture, Media and Sport should develop an information campaign on problem gambling, to be made available outside gambling premises, to encourage the relatives of problem gamblers to seek help.
 
It also points out that the hard evidence base for decisions and regulation needs to be improved. The government must ensure that high-quality, independent research, comparable over time, is available to be able assess the scale of problem gambling and the impact - if any - of changes in regulation.
 
There should be specific research on problem gambling and children, and a greater emphasis on discovering the most effective ways of educating children about probability and the risks of gambling.
 
Rules to protect vulnerable groups should be rigorously enforced, it stressed.
 
Most of the findings deal in detail with land gambling issues, with the important point made that the decision as to whether a casino would be of benefit to a local area or community should be made by local authorities rather than by way of "central diktat". It recommends that any local authority be able to make the decision as to whether or not they want a casino.
 
John Whittingdale MP chaired the committee and said:
 
"Gambling is now widely accepted in the UK as a legitimate entertainment activity. We took a lot of evidence in this inquiry, from all sides, and while we recognise the need to be aware of the harm caused by problem gambling, we believe that there is considerable scope to reduce and simplify the current burden of regulation and to devolve decision-making to a more local level.
 
"However, given how emotive an issue gambling is in many quarters, there is a worrying lack of proper research to inform policy: this is something that needs to be addressed.
 
"The 'reluctantly permissive' tone of gambling legislation over the last 50 years now looks outdated.  It is also inadequate to cope with the realities of the global market in online gambling, and even seems ill-equipped to cope with the realities on our high streets.
 
"Our general approach in this report has therefore been to support liberalisation of rules and delegation of decisions to those closest to the communities that will be affected."
 
Summarising the committee's recommendations, it opined that:
 
* Online gambling taxes set at "correct level" to encourage offshore firms to return to UK
 
* Lower licence fees for independent bookmakers
 
* A new public information campaign on problem gambling
 
* Review of Gambling Commission's budget to reduce overheads
 
The casino industry's evidence included the proposition that modest changes to existing regulation, such as "harmonising" the number and type of gambling products, could increase jobs and tax returns without any new outlets opening.
 
"The availability of gambling on the internet now renders many of the restrictions on land-based casinos irrelevant," said Malcolm Moss, chair of the National Casino Industry Forum.

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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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