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UK Gambling Commission consultation on Customer funds

Tuesday August 25,2015 :  BRITISH GAMBLING COMMISSION CLOSES SUPPLEMENTARY CONSULTATION ON CUSTOMER FUND REPORTING
 
Reporting system set for implementation early 2016.
 
The UK Gambling Commission has closed its supplementary consultation on the timing and format of customer funds reporting by remote operators
 
Having established the principle of customer funds reporting in a previous consultation, the Commission said the assessment of responses from this supplementary consultation, has paved the way for implementation of the new requirement in early 2016.
 
Responses on the supplementary consultation were received from big industry hitters such as 32Red Plc, Bet365, Betfair, Betfred, Gala Coral Group, Gamesys and the Remote Gambling Association.  Additional responses were recorded from anonymous submissions.
 
Customer fund reporting will be implemented with a view towards minimising the risk customers face should a company collapse.  While the system may not prevent the loss of or guarantee funds, the Commission will be in a position to assess the company’s compliance in ring fencing customer funds.
 
In the run up to the launch of the system, the Commission has agreed to conduct a short period of industry testing of the customer funds report.
 
The full report including responses to the consultation, detailed implementation information and a summary of requirements can be accessed here:
 
http://www.gamblingcommission.gov.uk/pdf/Customer-funds-reporting-responses-August-2015.pdf
 and http://licensingadvertisingact.blogspot.co.uk/2014/08/34-what-information-will-operators-have.html
 
In related news, the Commission has launched a consultation on changes to the Testing strategy for compliance with remote gambling and software technical standards in order to update and, where possible, streamline the testing and certification process. 
 
Full details can be accessed at: http://licensingadvertisingact.blogspot.co.uk/2015/08/59-testing-strategy-consultationupdate.html?utm_source=EB%20240815&utm_medium=email&utm_campaign=EB%20240815%20testing%20strategy



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US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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