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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.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
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The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
NBA Odds: Wizards-Celtics at the Garden -
The Washington Wizards are making this a series. They’ve won back-to-back games against the Boston Celtics to knot this second-round matchup at 2-2 with Game 5 at the Garden on Wednesday. TNT has the coverage starting at 8 PM ET.
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