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Three reasons why June 1st is significant for internet gambling
5/31/10 - Norwegian online players at UK gambling group Ladbrokes recently received a notification that government restrictions on internet gambling through the financial system was imminent, and that credit cards from Norway could not be accepted for online gambling by Norwegian banks.
The move in this direction has been building for years as the Norwegian government sought to stay on-side with the European Commission (Norway is a member of the European Economic Area) but at the same time regulate online gambling to the commercial benefit of its monopoly Norsk Tipping.
Litigation with major international gambling companies has been a consequence of the Norwegian government's strategy, but in February this (2009) year the Norwegian Storting (parliament) finally passed the Payments Act and was given royal assent, with the purely coincidental implementation date of June 1st 2010.
The Norwegian approach draws heavily on the US equivalent (the Unlawful Internet Gambling Enforcement Act 2006) insofar as it seeks to disrupt and halt financial transactions between Norwegian residents and 'unlicensed' (in Norway) online gambling sites.
The Act also requires that financial companies processing transactions help enforce the law on pain of being classed as accessories to unlawful gambling if they fail to halt online transactions with companies that do not have a Norwegian licence.
With the Payments Act coming into force on June 1st this week, leading Nordic operators have opined that it is unlikely to have a significant impact on business, but there will almost certainly be some background activity seeking Norwegian licenses. These may prove hard to get as the government seeks to protect the commercial interests of its monopoly.
Other significant developments for June 1st 2010 are the implementation of the much-delayed UIGEA regulations in the United States, and the launch in California of Senator Rod Wright's SB 1485, which seeks the intrastate legalisation, regulation and taxation of internet poker
3 Top Bitcoin Poker Sites -
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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