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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.
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Gambling News :
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.
Ladbrokes New SPonsor of The Hennessy Gold Cup -
The longest sponsorship deal in the history of British horse racing has come to an end with Ladbrokes becoming the new sponsor of the race formerly known as The Hennessy Gold Cup for the next five years, Racing Post reports.
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.
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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