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Gambling Firms To Fight New Uk Law

Wednesday January 30,2013 : GIBRALTAR ONLINE GAMING FIRMS PLAN FIGHT AGAINST NEW UK LAW
 
GBP 500,000 war chest available for litigation against the UK's proposed new point-of-consumptionp  licensing and tax regime
 
The UK government's intention to impose taxation and secondary licensing on offshore internet gambling operators wishing to access the British market faces some tough opponents.
 
On Tuesday the Gibraltar Betting and Gaming Association confirmed that it will if necessary launch litigation to prevent the British from implementing their 'point-of-consumption-based' plans in December 2014.
 
The GBGA constitutes a formidable threat, comprising many of the major online gambling groups operating from the tax-friendly Gibraltar jurisdiction.
 
In its statement the Association appeals to the Department of Culture Media and Sport to call off its plans to introduce the new regime...and it gave notice that it is serious in its intention to fight the bill, advising:
 
“In the event that the Government determines to proceed with the proposed legislation and fiscal reforms, the GBGA will regrettably have little alternative but to institute judicial review proceedings to challenge these measures.”
 
The Association has the necessary financial clout to make good on this threat, having raised a GBP 500,000 war chest from its 24 member companies for the fight.
 
The GBGA characterised the proposed changes as discriminatory and disproportionate, and said they were based on a flawed perception of the competitive threat to British-licensed companies.
 
The Association also invoked European Union law, saying that the UK changes were both badly timed and “unlawful in terms of EU, national and international law and are liable to successful legal challenge.”
 
The UK changes could not only be construed as unfair state aid for British companies, but would also have a profound negative impact on the economy of Gibraltar in terms of employment and Gibraltar government taxes, the Association pointed out.
 
The Gibraltar Regulatory Authority also raised objections to the UK's intentions; with chief regulator Phill Brear claiming that the proposals contradicted reality, research and the evidence base. Brear noted that over half the online gambling companies that would be affected by the new law were based in Gibraltar.
 
The DCMS Select Committee hearing conducted in London on Tuesday heard a wide range of evidence from a variety of interested parties  and is to report on its conclusions, which are nevertheless not binding on government.
 
http://www.parliament.uk/business/committees/committees-a-z/commons-select/culture-media-and-sport-committee/news/130129-pre-leg-gambling-ev1/

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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.

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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.

BetatHome profit guidance for the 2016 financial year - bet-at-home.com AG has lifted its profit guidance for the 2016 financial year following what it terms a “supremely positive business development in the fourth quarter”.

Aussie Millions $1,150 buy-in No-limit Hold’em Accumulator Results - In the latest Aussie Millions event - the A$1,150 buy-in No-limit Hold’em Accumulator, local poker pro Bridges Roe prevailed against a field of 721 to claim the main prize of A$160,725, despite starting the final day at the bottom of the chip counts.

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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