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JERSEY TO JOIN ONLINE GAMBLING LICENSING JURISDICTIONS
Posted 2/17/11 : Convincing majority vote for Channel Island to start a regulatory system
Politicians on the Channel Island of Jersey, already a burgeoning financial services centre, have voted overwhelmingly to introduce an online gambling licensing regime.
Although concerns were raised by one deputy about gambling addiction, the proposal was passed with 38 votes in favour, four against and one abstention.
However, further complications that may delay further development by at least a month have since arisen due to the Economic Affairs chairman's insistence on closer scrutiny and an assessment of the proposals. Deputy Mike Higgins said this week that his panel needed more time to assess the proposed regulations.
The island government's Economic Development Minister criticised Deputy Higgins' decision to delay the process, saying it would paint Jersey in a very negative light.
Senator Maclean said a number of businesses were currently applying for licenses, along with international brand names looking to re-locate to Jersey, and that the new e-gaming business represented income and jobs for the island at a time when they are desperately needed.
The Senator said that Higgins' department had been given several months to analyse the legislation, especially after an in-principle debate took place last April.
MacLean went on to point out that e-gambling had already created economic diversity in neighbouring Channel Islands like Guernsey and Alderney, where according to independent analysis by KPMG, e-gambling contributed GBP7 million in 2007 for Guernsey coffers, which grew to GBP50 million by 2009, and that future growth was estimated at a further 40 percent.
Discussions regarding a licensing and regulatory regime in Jersey have been ongoing since 2006 amid estimates that such a move could generate some GBP 50 million for the island.
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Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
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3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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