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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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Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
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The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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