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Keeping Online Gambling International
Tuesday February 10,2015 : KEEPING ONLINE GAMBLING INTERNATIONAL
The growing number of nationally restricted licensing jurisdictions poses interesting questions on the future of independent licensing entities....here's how one such body is approaching the problem.
The growing number of nationally restrictive licensing jurisdictions, especially in Europe, presents online gambling operators who are internationally oriented by the very nature of the internet with difficulties related to licensing and duplicative costs.
While the trend towards government-mandated licensing regimes in individual countries may appear to threaten the business of independent jurisdictions that have developed in places like Malta, the Isle of Man, Antigua and Alderney, it has also served as a spur to innovation and cooperation.
One of the longest established and well-known of these global licensing entities is the Kahnawake Gaming Commission, located on First Nation land close to Montreal in Canada, which points out that many - if not most - operators want to carry on business from more than one jurisdiction, but are reluctant to duplicate lengthy licensing processes with high attendant costs.
The KGC's response to this reality is the creation of a new licensing category it titles "Inter-Jurisdictional Authorisation".
Operators seeking such an extension of their licensing from a recognised authority must provide proof to the Commission that they are bona fide licensees from a primary jurisdiction that regulates and licenses online gambling and has subjected the applicant to professional inspection and assessment.
Because the Commission recognises that operators have already met acceptable standards demanded by the primary jurisidiction, it does not needlessly duplicate these requirements, saving operators both time and money.
A KGC spokesperson says that a one-time application fee of $2,000 is required from the operator. together with an annual licensing fee of $10,000. There are no other fees, taxes or costs payable, and the average turnaround time from application to issue of an inter-jurisdictional licence is just on two weeks.
The Kahnawake licence extension remains valid for as long as the annual fees are paid and throughout the duration of the operator's original licence with the primary jurisdiction.
Operators taking advantage of the scheme are entitled to host all or part of their activity in the Kahnawake Mohawk lands close to Montreal in Canada , where sophisticated hosting and technological services are available.
The KGC points out that the primary licensing jurisdiction remains principally responsible for regulating the activities of the operator, and the Commission does not duplicate the original regulator's role in compliance requirements.
Further, unless a complaint relates directly to the hosting services provided under the KGC offer, the Commission will not entertain the use of its respected dispute resolution services by players with a complaint against an operator, who should be referred to the primary jurisdiction.
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?
Top gambling ICOs to watch this year -
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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