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LITTLE INFO IN UK GAMBLING REFORM ANNOUNCEMENT
Thursday July 14, 2011 : But future restrictions on advertising confirmed
As reported Wednesday, the British government's Department of Culture, Media and Sports announced today that sweeping changes affecting the online gambling industry will be implemented in the future.
However, the announcement contained little firm detail beyond confirming that the changes will involve secondary licensing for offshore operators wishing to offer their services to UK punters.
The demand that such operators will be required to take out British licensing with the UK Gambling Commission has long been expected following hints from government officials and politicians. There have been complaints that online gambling companies licensed in more tax-friendly offshore jurisdictions have an unfair competitive edge over British licensed companies, and that the playing field should be leveled.
Several major British gambling groups have moved their online gambling divisions offshore in recent years to better compete.
The new requirements, once implemented, will effectively remove the current 'white listing' system through which selected jurisdictions - principally those in the European Economic Area - are allowed to access the UK market.
Popular jurisdictions such as the Isle of Man and Alderney have asserted that their regulations will present no problems for operators going after UK licensing, and the DCMS has already indicated that it will 'apply a lighter touch' in the case of formerly white listed jurisdictions.
The UK minister responsible for gambling, John Penrose, said Thursday: “All overseas operators will be subject to the same standards and requirements as those based in Britain, as well as being required to inform the Gambling Commission about suspicious betting patterns to help fight illegal activity and corruption in betting.”
However, the announcement was lacking in any information on proposed licensing fees or tax implications, or on timelines for the development and implementation of the system, which could take some time.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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