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Uk government on Offshore gambling Firms
3/24/10 - The UK position of offshore online gambling operators wishing to advertise and promote their products to British players moved into the spotlight this week with the news that the Department for Culture, Media and Sport has launched a consultation on the introduction of new licence requirements for overseas online gambling firms.
The moves follows protests from UK betting and racing companies and authorities that offshore companies accessing the UK market do so at the competitive disadvantage of locally licensed companies due to their low tax position in jurisdictions like Gibraltar, Malta and the Isle of Man.
The appeal of low tax and better competitiveness has seen William Hill and Ladbrokes recently join other major UK betting firms in moving their online gambling divisions offshore.
The consultation relates to an announcement made by Sports Minister Gerry Sutcliffe in January 2010 (see previous InfoPowa reports) which noted the situation and advised that a process would be launched to look at secondary licensing possibilities for those companies wishing to continue doing business with UK punters..
The plans, which are subject to a 12 week consultation period, would mean that online operators currently licensed outside Britain will have to apply for a licence from the Gambling Commission if they want to advertise or provide their gambling services to British consumers.
Closing date for responses to the consultation is Friday 18 June 2010
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Gambling News :
Betsoft Gaming In Deal With SuprNation -
Betsoft Gaming’s latest content supply partnership will see its Slots3 collection launched on VoodooDreams.com, SuprNation’s primarily Swedish and Nordic focused online gaming operation.
Ladbrokes New SPonsor of The Hennessy Gold Cup -
The longest sponsorship deal in the history of British horse racing has come to an end with Ladbrokes becoming the new sponsor of the race formerly known as The Hennessy Gold Cup for the next five years, Racing Post reports.
Ladbrokes Appoints Annemarie Durbin -
Durbin, a qualified lawyer with over two decades of international banking experience, will also take up membership of the Audit, Remuneration, Social Responsibility and Nomination Committees with effect from March 1, 2017.
Olympus Slot Pays $210k Jackpot to USA Player -
“I love slots, been playing a long time. I go to Vegas once a year. In between I play online. It’s so convenient. I play mostly Hold the Riches, Pyramid Plunder, Dollar Storm or Olympus. I’ve also started playing keno more.”
Divine Fortune SLot Launches -
NetEnt has launched a new local jackpot title “Divine Fortune”, a five-reel, 3-row, twenty-fixed line video slot themed on ancient Greece and a world of mythical creatures, legendary riches, and golden coins.
2 Huge Wins at Bovada Casino -
Paul D. from Boston, MA, scored really big, earning $808,529.80 playing the Food Fight progressive jackpot slot on the Bovada online casino on a wager of $11.25. Unfortunately Bovada's press release does not give any further details.
China Internet Clean Up Campaigns -
The advisory revealed that the current drive will run through to the end of March 2018, and that online gambling and other inappropriate or unacceptable content must be blocked because:
AOPA to campaign for poker to be left alone -
The threat that amendments to the federal Australian Interactive Gaming Act aimed at stopping in-play action could spill over into an online poker ban has motivated Aussie players to form an action group in support of the game.
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