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UK Gambling Commission Discusses New UK Gambling law
Wednesday July 9,2014 : UK GAMBLING COMMISSION HEAD DISCUSSES NEW U.K. LICENSING LAW
Brit regulator expects around 150 applications for online gambling licenses under new point-of-consumption law.
Jenny Williams, the head of Britain's Gambling Commission, spoke on the imminent implementation of the new point-of-consumption laws and tax regime at an international gambling conference in Barcelona last week, telling delegates that her organisation expects to process around 150 applications from online gambling operators, and revealing that several applications have already been submitted.
Williams opined that it was unlikely that opposition to the new law by the Gibraltar Betting and Gaming Association (which is seeking a judicial review on the EU legitimacy of the law) would derail the implementation process.
“It’s full steam ahead. It wouldn’t be fair to those that have spent a lot of time getting ready to hold back now,” she said, noting that some operators were active across multiple jurisdictions, and it was essential that the Commission was in a position to know whether these companies are "...wilfully disregarding somebody else’s regulations.”
“It’s also about financial riskiness – if companies have a lot of risk in grey markets we might be concerned,” she added.
Williams said that on the positive side, the British system was open and consistent, and the licensing fees were very reasonable.
“There are lots if reasons why it makes sense to be licensed [in the UK]" she said, pointing out that unlicensed operators would not be allowed to market their products to UK online punters.
The Commission supported the p.o.c. concept because it provided regulatory access by the Commission to major operators based outside the United Kingdom but accessing and profiting from British internet and mobile gamblers, Williams explained.
The new secondary licensing framework makes the Commission's oversight more effective in terms of understanding the operators and how they conduct their businesses, she said.
“The changes mean we will be infinitely better placed to assess risks and implement change," she concluded.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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