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EUROPEAN NATIONS GOING THEIR OWN WAY IN ONLINE GAMBLING?

Possibly encouraged by the impact of the Unlawful Internet Gambling Enforcement Act in the United States, at least seven European Union nations are planning on travelling their own route on Internet gambling regulation, a new survey by Gambling Compliance shows.
 
Titled ‘Market Barriers: A European Online Gambling Study 2009’ the study took several months of research by a seven-strong legal research team, the portal revealed this week, claiming the work is the first major survey of Europe’s cross-border gambling market since a European Commission-backed study produced by the Swiss Institute of Comparative Law in 2006.

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The team found that with no formal EU-level rules on cross-border internet gambling in prospect, a majority of European Union member states are now actively considering reforms to bring about their own national-level controls on the activity.
 
"While definitive legal clarity from either European officials in Brussels or from the European Court of Justice has been lacking, the new report nevertheless finds that 19 European governments are currently engaging in discussions regarding internet gambling in their jurisdictions," and announcement from Gambling Compliance informs.
 
“Even as other EU member states follow the leads of Italy and the UK in expressly regulating internet gambling, the vast majority of European jurisdictions will continue to restrict access to their gambling markets to those operators they license and their government-sanctioned monopolies,” the research team predicts. 
 
"Seven European states have already made concrete plans to introduce a national licensing system for remote gambling – plans which, in most cases, are to be underpinned by blocking mechanisms to halt financial transactions and deny internet access to unlicensed gambling websites."
 
“There is no question that ISP and payments blocking policies have gathered momentum in Europe since the introduction of the Unlawful Internet Gambling Enforcement Act in the United States in October 2006,” notes Harry Ashton, GamblingCompliance’s head of legal and regulatory research. 
 
“But, as experiences in US have shown, there are significant doubts as to how effective these blocking mechanisms will actually prove to be. In addition, the policies raise new legal questions for payments and internet service providers – including several related to European law,” Ashton added.
 
New business opportunities are emerging as the European scenario evolves, with an increasing desire among media groups, terrestrial gaming operators and state-sanctioned lotteries to embrace online gambling, Ashton added.  “On the one hand, this represents new competition for internet gaming operators. However, it also provides an opportunity for them to offer their expertise to new market entrants either through partnerships and white label deals, or as software or payments solutions providers.”
 
The GamblingCompliance report provides a detailed analysis of relevant rules and restrictions applied to internet gambling for each of the 27 EU member states and Norway. It also provides a breakdown of applicable ECJ case law and recent infringement actions taken by the European Commission and other European bodies.

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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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