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SPANISH GAMBLING REFORM BILL MOVES TO SENAT
Many amendments at committee level on contentious bill, which includes changes to online gambling law.
The Spanish Congress, or lower house, has approved Spain's gambling reform bill, which includes extensive provisions for online gambling legalisation. The bill was substantially amended in debate through the Congress Finance Committee, it is understood, although full details were not available at press time.
The bill now moves to the Spanish Senate for further debate and voting, after which it will be submitted to the European Commission.
Industry observers have opined that the speed of the bill's passage thus far could result in its provisions being implemented, and the online gambling market in Spain opened up, before the end of 2011.
The legislation represents the first major overhaul of gambling law since the pastime was decriminalised in 1977, Nerja Today reports. It has been the subject of wide debate, especially from online gambling companies, which has motivated changes to the taxation proposals.
In addition to the traditional (land) forms of gambling, such as bingo and casinos, the new legislation covers internet and telephonic betting, areas that were previously unregulated at the national level.
A transitional period has been included in the legislation to allow companies to conform to the new law with regard to company status, sponsorship activities and advertising in the media. Many land and online gaming companies sponsor top football teams.
It is understood that there is also provision for Spanish football clubs to offer sports betting.
Amongst the changes that are being introduced is a requirement for companies involved in internet gambling in Spain to have a Spanish domain name to allow for easier supervision and control.
The new law also establishes mechanisms for the regulation and management of the sector to enhance legal security for both operators and consumers for different types of gaming as well as protecting minors and those who are legally prohibited from gambling.
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Gambling News :
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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.
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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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