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NORWAY THUMBS ITS NOSE AT EUROPEAN UNION PRINCIPLES
2/20/10 - In a move that will inevitably be seen as disregarding EU principles on the free passage of goods and services, the Norwegian government has passed an UIGEA-style law banning the processing of online gambling transactions with ‘unauthorised’ sites – i.e. non-state monopoly enterprises in the Nordic country.
Norway is not a member state of the European Union (EU), but is, in effect, required to adopt most legislation created by the EU, due to its participation in the European Economic Area (EEA) as a member of the European Free Trade Association (EFTA).
Additionally, Norway has chosen to opt into many of the Union's programmes, bodies and initiatives.
The restrictions are enshrined in the Payment Act, which this week was given royal assent after being approved by legislators, officially making it the law of the land.
Operators without a Norwegian gambling licence – in other words those not part of the state monopoly Norske Spil – will be impacted by the law, which makes processors accessories in unlawful gambling if they process transactions with ‘unauthorised’ sites.
In a quirk of coincidence, the law comes into force on the same date as the U>S> equivalent the UIGEA regulations, which were postponed to June 1st 2010 late last year.
Pontus Lindwall the chief executive of the Swedish Betsson group which operates extensively in Scandinavia, recently downplayed the Norwegian threat to the industry, opining that gamblers would find alternative routes for deposits and withdrawals.
3 Top Bitcoin Poker Sites -
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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 -
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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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