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Spain's online gambling By Mid June
04/27/2012 : WILL SPANISH ONLINE GAMBLING BE GOOD TO GO IN MID-JUNE?
888 chief exec expresses doubts....
Spain's online gambling regulatory initiative does not seem to be hitting its stride yet, with some 59 licence applications still in the pipeline despite an original deadline for issue of April 2012.
Key staff changes and a significant workload have bedeviled the process, leading to regulatory chief Enrique Alejo declaring earlier this year that it was unlikely that licenses would be approved and issued until June 2012.
This week one senior industry exec expressed doubts that even this deadline would be met.
Speaking during a conference call following the release of his company's current results, 888 Poker Holdings CEO Brian Mattingley revealed that he and a fellow executive from the company had travelled to Madrid recently to assess the current situation.
They came away somewhat disappointed, having found "...a little bit of confusion out there, so we are not sure when the market is going to open up."
On the positive side they were impressed by the reasonable and collegiate attitudes they found among the regulator's staff, Mattingley said, commenting that officials were genuinely helpful and prepared to listen to suggestions and ideas.
Nevertheless, Spanish officials continue to work toward the June target...it remains to be seen whether they will be able to meet it.
With several recent court actions in progress involving online groups keen to get into the market, and delays costing money for operators who have committed significant resources to their licensing applications and operational preparations, there is understandably frustration at the continuing delay, and Mattingley's assessment will do little to assuage that.
As an aside, Mattingley confirmed that 888 is working on German market possibilities through a Schleswig Holstein online gambling licence application. He said that the German market presented considerable possibilities for his company.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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