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Estonia embraced online gambling
The Baltic nation of Estonia, long respected for its computer technology capabilities, will soon be open for business in an online gambling operational sense as well following final approval of a new regulatory regime due to start licensing suitable operators early in 2010.
Unlike some of its neighbouring nations, Estonia has embraced online gambling in a regulatory framework that welcomes rather than excludes foreign operators, but there are strict conditions attached.
Operators licensed in other European Union member nations will find ready acceptance, provided that they increase their licensing costs by obtaining an Estonian license, too. Alternatively, foreign operators can form partnerships with Estonian licensed national gambling entities.
In framing the legislation, Estonian lawmakers were determined to have a meaningful regulatory system, and licensing requirements therefore include:
* Background and probity checks on the company and its senior management.
* The implementation of precautions against underage and/or problem gambling.
* Servers and other equipment within Estonian national boundaries to enable inspection as required.
* Acceptable financial systems compliant with international requirements to guard against fraud or money laundering.
Estonian officials have warned that unlicensed Internet gambling activity with Estonian nationals will be regarded as illegal, and have hinted that financial measures and ISP blocking will be deployed against illegal operators.
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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.
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.
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.
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