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Updates On Gambling Licensing and Advertising Bill
Tuesday March 25,2014 : GAMBLING COMMISSION UPDATES F.A.Q. ON SECNDARY LICENSING IN U.K.
Helpful updates on the implementation of the Gambling Licensing and Advertising Bill
The UK Gambling Commission has published comprehensive and useful notes on the impending implementation of the Gambling (Licensing and Advertising) Bill scheduled for implementation towards the end of this year and requiring offshore online gambling firms wishing to access UK punters to take out secondary licensing and pay British taxes.
The bill passed its third reading in the House of Lords last week, and will be debated further in the House of Commons on March 26.
In related news, the Commission has also released its publication schedule i.r.o. proposed changes to Licence Conditions and Codes of Practice (LCCP).
The consultations include suggested amendments to licence conditions and codes of practice for both remote and non-remote operators.
Following the consultation the Gambling Commission will publish the changes to LCCP in phases although these changes will all come into force at the same time (currently planned for end July 2014):
* LCCP changes Part 1: this will include the majority of the LCCP changes applying to non-remote operators and to both non-remote and remote operators, such as those relating to complaints and disputes and information requirements. This will be published week commencing 31 March.
* LCCP changes Part 2: protection of customer funds. The revised provisions on this topic will apply to both remote and non-remote operators. This will be published towards the end of April.
* LCCP changes Part 3: this will contain the remaining changes and will be relevant mainly for remote operators, such as those on display of licensed status, poker and other networks, and payment processors. At this stage a consolidated version of LCCP will be published. This will be published towards the end of April.
As previously announced the proposed LCCP requirement for Gambling Commission licensed operators to only obtain gambling software from holders of a Gambling Commission gambling software licence will come into force on 1 January 2015.
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Gambling News :
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
Team Hot Launches -
#teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.
Netent Q3-2016 Earnings Report -
#netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.
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