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BULGARIAN LAWMAKERS AGREE ON INTERNET GAMBLING BILL
03/15/2012 : BULGARIAN LAWMAKERS AGREE ON INTERNET GAMBLING BILL
And start putting ban enforcement measures in place
The Bulgarian Focus news agency reports that the eastern European country's lawmakers have approved an online gambling regulatory measure, and have already started to move on implementing internet blocks on unlicensed operators.
The ban will become effective after regulations are finalised by the State Gambling Commission and the approval of the Sofia Regional Court has been obtained.
The practicalities of the ban were discussed at the second reading of the bill in a discussion on the use of black lists to exclude foreign and unlicensed operators from the local market.
The new law sets licensing requirements for all online casino operators, both Bulgarian and foreign, and makes provision for requests to Internet service providers to block access to unlicensed gambling websites, despite earlier protests against this tactic by the ISPs and Internet action groups worried about the practise extending beyond internet gambling.
There are also clauses restricting gambling advertising to licensed operators.
Government advisers have estimated that the regulation of online gambling could bring another 100 million leva (Euro 50 million) of annual revenues to the fiscus.
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Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
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Why is FullFlush Poker Still Down -
Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.
Time Running Our For Pennsylvanian online gambling -
Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
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