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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.
 
The full FAQ is available here:
 
http://www.gamblingcommission.gov.uk/pdf/Gambling%20licensing%20advertising%20FAQs%20March%2017.03.14V2.pdf?utm_source=EB%20240314&utm_medium=email&utm_campaign=EB%20240314%20gambling%20bill
 
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 :

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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