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Gambling Commission Insists on Fund Segregation
Wednesday July 25,2012 : AGCC INSISTS ON FUND SEGREGATION IN AMENDMENT TO REGS
Commission revises licensee policies
The Alderney Gambling Control Commission has made amendments to Category 1 eGambling licensee regulations, amongst others, in a bid to rebuild its reputation following the Full Tilt debacle.
The Commission now expects licensees to hold registered customers' credits in an exclusively assigned bank account utilized solely for that purpose. Licensee's will be expected to deliver proof to the Commission both on demand and via a monthly report. However, a further amendment notes that exceptions may be made, at the discretion of the Commission, where "a person has provided a written guarantee".
Other amendments to the regulations that affect licensees include:
- An AGCC approved customer notification mechanism in the case of insolvency,
- An approved internal control system detailing each bank account holding funds standing to the credit of its registered customers.
The full text of the regulation amendments can be read at :
NHL Odds: Forsberg Faces Elliott in Nashville -
The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.
NBA Odds: Hawks, Wiz in Southeast Showdown -
The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.
NBA Odds: Clippers Try to Slow Down Bucks in LA -
Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.
NHL Odds: Canadiens Welcome Islanders Tonight -
The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.
NHL Odds: Reeling Flyers Seek Relief in Pittsburgh -
#nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.
Dollars to Donuts Slot Launch -
Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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