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UK Gambling Act 2014 Implemented by October 1
Thursday June 26,2014 : NEW U.K. LICENSING REGIME COMING IN EARLY
Gambling (Licensing and Advertising) Act 2014 to be implemented by October 1st.
The British political, legislative and administration community is moving with remarkable swiftness in putting in place the new online gambling point-of-consumption secondary licensing and taxation laws, confirming this week that the Gambling (Licensing and Advertising) Act 2014 will come into force ahead of timetable on October 1.
That means that online gambling operators wishing to access UK punters need to start getting their ducks in a row in terms of licence applications through the UK Gambling Commission by September 16 this year.
Applications can be submitted online via the Gambling Commission website.
If a licence has not been issued by October 1st, the government has made provision for "continuation licenses" to be obtained which will cover operators until their licenses come through.
Progress continues despite the threats of the Gibraltar Betting and Gaming Association to call for a judicial review on the lawfulness of the British law changes.
The Association's position has been weakened by the lack of support for its move from major gambling groups like William Hill, Ladbrokes and Bet365, who whilst not enamoured with the new regime have announced that they do not favour the course taken by the GBGA.
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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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