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Norwegian legislature pass a UIGEA-like law
Following the recent consultative process in Sweden on the Nyren Report's suggestions on the way forward for gambling in that country another Nordic nation has started a consultative process.
This one is more focused and direct - an assault by Norway on Internet gambling which suggests that the Norwegian legislature pass a UIGEA-like law to prohibit financial transactions with Internet gambling organisations.
The Norwegian government has opened its proposed law to a consultative process that will run through to July 6, 2009, and has forwarded the draft legislation to the European Commission and European Economic Area regulators as required by regional rules.
The initiative has been running for some months, starting last December when the proposed move was approved in principle by the Norwegian Parliament, which authorised the drawing up of the draft legislation to impose the financial ban. This will require financial institutions to halt payments between Norwegians and gambling sites that are not approved by the government, which operates its own gambling monopoly in Norske Tipping.
Last week the Norwegians justified the ban to the EFTA Surveillance Authority, which monitors compliance with free trade principles by countries in the EEA. The Norwegians claimed that the ban on Internet gambling transactions is essential “to ensure consumer protection” and to “prevent unfortunate social consequences and crime related to gaming.”
Transactions valued up to Euro 2 billion annually could be impacted by the law if it comes into force following the consultative period and further Parliamentary activity. Thus far the Norwegian Financial Services Association has yet to make official representations on the government's proposals, which will clearly have enforcement implications for the country's financial services industry.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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