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British Politicans Discuss Gambling
British politicians discussed online gambling - legalised in Britain - at a Westminster Hall debate Wednesday, throwing some interesting numbers around in the process.
Don Foster, a frequent and opinionated critic of online gambling and Liberal Democrat culture spokesman, said the industry has revenues of GBP12.5 billion a year, but only a thousand sites were regulated out of the 6 000 he claimed were online. Foster criticised the UK Gambling Commission, saying it had done no "mystery shopping" on white-listed remote gaming websites. However, he did salute Betfair for its effort in passing on suspect betting patterns to the authorities.
Conservative Party MP Tobias Ellwood was concerned at what he called the "uneven playing field" differences between the UK's open but regulated remote gaming market and the monopolistic and exclusionary regimes in several other European Union member nations. He characterised the present EU system as "very much flawed" in that it did not offer an equitable and open market to gambling companies in EU nations vis-a-vis other EU nations. He also suggested the development of a widely recognised kitemark for online spread betting sites to identify those which were safe and regulated.
Conservative MP Bob Neill later told the Commons that the "enormous growth" of the Internet meant there are now around seven thousand online gambling sites and most of them are not effectively regulated.
Sports minister Gerry Sutcliffe responded to the debate, arguing that the Gambling Act had implemented a robust regulatory framework and had taken "remote gambling" into account.
He expressed doubts over the figures supplied [by the politicians] and pointed out that the growth in the numbers of those gambling in the UK were overwhelmingly increases in National Lottery gambling rather than other forms of the pastime.
He added that funding for research and education of problem gamblers was vital and emphasised the government support given to these projects, revealing that GBP15 million was soon to be spent on tackling gambling addiction.
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2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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